552 E Northwest HighwayPalatine, IL 60074

Description

Incredible income property, look at the cash flow! 2 apartments and 2 store/offices. Free Standing Mixed-use Building, two minutes away from former Arlington Park Racecourse. Great Exposure on Northwest Hwy., Close Proximity to IL Rte 53, .Lots of parking- 6 in front and 8 or more in the back. 127' of Frontage along Northwest Hwy. Two completely remodeled apartments. 3 bedroom (apx. 1500 SF) and 2 bedroom (apx. 1200 SF) apartment, both with in-unit laundry, hardwood floors, new kitchens with quartz countertops, new baths, open, contemporary lay-out, and separate utilities..5000 SF of Retail space on first floor. 1stt floor has two separate offices, could be use for offices, warehouse, retail/stores, etc., separate utilities, kitchen with sub-zero refrigerator, restrooms, dock door in a back for deliveries, all newer and remodeled. 2.5 car garage. Building has 5 furnaces, 5 A/C units, 3 water meters, The building is in pristine condition. One office space is leased to a dental lab. The other office space is leased for an accountant services. Office/ business spaces are responsible for water electric and heat bill. Residential apartments responsible for electric and gas bill. Additional rent info, profit and loss sheet you can find in additional info.

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1956

Building area

7,000 Sq Ft

Lot size

7,500 Sq Ft

Lot dimensions

50 X 150

Zoning

MULTI

Days on market

5

MLS^® Listing#

12773893

Property Features

Cooling

Central Air

Flooring

Tile · Wood

Construction

Brick

Foundation

Concrete Perimeter

Roof

Tar/Gravel

Utilities

Natural Gas Available · Sewer Connected

Financial Details

Annual taxes

$15,907Tax year 2022

Parcel number

02232140100000

Directions

North on Northwest HWY property on the right