Price Reduced Listing
180 N Smith Street , Palatine, IL 60067
Palatine, IL 60067
Description
Welcome to downtown Palatine, across the street from the Palatine train station. Built in 2003, the 21,500 square feet building is comprised of a bar/restaurant with a full kitchen, a 7,000 square feet entertainment venue with a mezzanine leading to a rooftop deck, and an adjacent 2,500 square feet bank with one drive thru lane. Sitting on an acre of land, the site has been previously approved for redevelopment with a new 6 story mixed use building, complete with a rooftop amenity deck and 9,900 square feet of ground floor commercial space. The retail commercial space is divisible and includes approximately 1,250 square feet of covered patio area. The proposed development includes approximately 52 residential units located on floors 2-6, made up of 2 bedrooms/2 bath units and 2 bedrooms+den/2 bath units. The rooftop residential amenity deck includes an enclosed amenity area, terraces, and elevator access. The building is within the transit oriented development area parking requirements. With an existing 42 surface spaces. Palatine is a thriving commercial trade area - an ideal location for ambitious professionals and businesses alike. Contributing to an engaging and vibrant community atmosphere that's primed for continued growth and development.
Details
| MLS# | 12189729 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 2003 |
| Days On Site | 96 |
| Listing Provided By | Compass | Sharon Dolezal |
Features
| SQ Feet | 21,500 |
|---|---|
| Story(s) | 2 |
| Zoning | COMMR |
Market Activity 60067
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Palatine |
| Zip Code | 60067 |
| Area | Palatine |
| Listing VS Median (in 60067) | |
Price: $2,999,999 low | high Med: $444,000 SqFt: 21,500 low | high Med: 2,350 $ / SqFt: $140 low | high Med: $189 On Site: 96 low | high Med: 48.000000 | |