Listing provided courtesy of Legacy Properties, A Sarah Leonard Company, LLCMREDas Distributed by MLSGrid- MLS# 12622051MLS Provider

805 E Palatine RoadPalatine, IL 60074

Commercial · 1,650 Sq. ft. | 0.50 Acres
$360,000 Active

805 E Palatine Road Overview

Time on Site:
73 days
Visits:
0

Outstanding opportunity to own a versatile and well-maintained commercial property set on a beautifully landscaped 1/2-acre lot surrounded by mature trees, offering exceptional privacy and a serene setting. Originally built as a single-family home, the property has been rezoned for office use, offering unique character and warmth not often found in commercial spaces. There may be potential to convert the property back to residential use; buyers are advised to verify zoning and permitted uses with the village. The main office building features a functional and flexible layout, including two oversized private offices, a central reception area, and a smaller room ideal for storage or a third private office. A full bathroom and convenient kitchenette-complete with refrigerator, cabinet storage, and space for a microwave and coffee station-add to the property's practicality. Additional highlights include a detached two-car garage and a dedicated parking lot with space for at least six vehicles, plus additional parking as needed. A separate standalone building on the property provides even more flexibility-perfect for a private conference room, additional office space, workshop, or storage. Major mechanical updates have already been completed, with both the furnace and hot water heater replaced within the last two years. Ideally located just over a mile from the proposed future home of the Chicago Bears stadium in Arlington Heights, this property offers strong potential for long-term value and growth. Ideal for a variety of business uses, this property combines functionality, privacy, and room to grow.

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805 E Palatine Road Facts & Features

  • Type Commercial
  • Sq. ft. 1,650
  • Price/Sq.ft. $218
  • Lot 0.50 Acres

Details

General

Income/Expenses

  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1944

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Palatine

Tax Information

  • Tax Annual Amount: $9,329.00
  • Tax Year: 2023

General Information

  • Parcel Number: 02241000160000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 1650

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Over 600 Amps
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 1650
  • Stories: 1

Unit Information

  • Unit SqFt.: 1650

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.5
  • Lot Size Dimensions: 153X141
  • Lot Size Square Feet: 21573
  • Water Source: Well

Building Exterior/Construction

  • Construction Materials: Wood, Vinyl Siding
  • Roof: Composition

General Information

  • Sewer: Septic Tank

805 E Palatine Road Neighborhood

Community

60074 (Palatine) Demographics

35
Median Age
5,186
Population Density (per sq. mile)
48%
College Educated
$69,416
Estimated Median Income
8,708
Estimated Total Home Owners
5,785
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

805 E Palatine Road Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

805 E Palatine Road Market Data

Based on the last 30 days in this zip code

$392,934
Average List Price
$235
Average Price per Square Foot
30
Properties Sold
45
Average Days on Market
104
Properties for Sale
Calculations provided by Reliance Network

805 E Palatine Road History

Date Event Value Agent
4/22/2026Source: MRED Status Change
Active
4/17/2026Source: MRED Added to Database
April 17, 2026