


473 W Northwest HighwayPalatine, IL 60067
Commercial · 10,800 Sq. ft.473 W Northwest Highway Overview
- Time on Site:
- 80 days
- Visits:
- 0
Don't miss this outstanding income-producing opportunity! This two-story retail and office building offers approximately 10,800 square feet on a 0.56-acre lot within a B2 zoning district, delivering excellent visibility with traffic counts exceeding 20,000 vehicles per day. The property features strong street presence and a well-balanced mix of retail and office space. Each retail unit is equipped with a private restroom, and tenants pay their own utilities, contributing to efficient operations. The first floor includes four retail units, while the second floor offers seven office suites. The building is nearly fully leased, with only two spaces remaining-ideal for owner occupancy or additional income potential. Fully sprinklered and recently updated, this property represents a true turnkey, low-maintenance investment in a highly desirable commercial corridor. The available office spaces can be customized with flexible build-to-suit options to suit a variety of uses. Surrounded by a dense residential population and benefiting from strong exposure, this asset presents a prime investment opportunity with significant upside potential.
473 W Northwest Highway Facts & Features
- Type Commercial
- Sq. ft. 10,800
- Price/Sq.ft. $139
Details
General
Association/HOA
- Association Fee Frequency: Monthly
Income/Expenses
- Existing Lease Type: Gross
- Gross Income: 134500
- Gross Scheduled Income: 134500
- Net Operating Income: 0
Building Information
- Year Built: 1981
Business Information
- Current Use: Commercial
Location/Region
- County Or Parish: Cook
- MLS Area Major: Palatine
- Township: Palatine
Rent/Lease Information
- Tenant Pays: Other
Tax Information
- Tax Annual Amount: $47,762.00
- Tax Year: 2023
General Information
- Parcel Number: 02151020950000
- Property Sub Type: Retail
- Property Type: Commercial Sale
- Zoning: COMMR
Interior
Building Interior
- Building Area Total: 10800
General Information
- Cooling: Central Air
- Electric: Circuit Breakers
- Foundation Details: Concrete Perimeter
- Leasable Area: 10800
- Stories: 2
Unit Information
- Unit SqFt.: 8951
Exterior
Lot Information
- Additional Parcels: No
- Frontage Type: Public Road,Signal Intersection
- Lot Size Dimensions: 169X109X197X175
- Lot Size Square Feet: 24800
Building Exterior/Construction
- Construction Materials: Brick, Other
General Information
- Number Of Units Total: 11
- Utilities: Electric to Site,Natural Gas Available
473 W Northwest Highway Neighborhood
Community
60067 (Inverness) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.473 W Northwest Highway Monthly Cost
473 W Northwest Highway Market Data
Based on the last 30 days in this zip code
473 W Northwest Highway History
| Date | Value | Agent |
|---|---|---|
| 4/15/2026Source: MRED | Active |
|
| 4/10/2026Source: MRED | April 10, 2026 |























