Listing provided courtesy of Coldwell Banker Commercial NRTMREDas Distributed by MLSGrid- MLS# 12605371MLS Provider

56 W Palatine RoadPalatine, IL 60067

Commercial
$24 Active

56 W Palatine Road Overview

Time on Site:
91 days
Visits:
1

Retail or office opportunity located along Palatine Road within a well-established strip center in the heart of downtown Palatine. This approximately 1,050 square foot suite is surrounded by long-term tenants, including a popular cafe, restaurants, and service-based businesses that contribute to steady foot traffic and a stable retail environment. The space features 10 to 12 foot ceilings, 200-amp electrical service, and a flexible layout suitable for a variety of retail, service, or office users. The property is positioned one block from Palatine Town Square and within walking distance to downtown Palatine and the Metra station, offering accessibility for both local clientele and daily commuters. Located along Palatine Road with approximately 20,000 to 25,000 vehicles per day, the property provides strong exposure along a key commuter route. Zoning is B-3 Central Business District, supporting a wide range of retail and service uses in a high-demand downtown location. The property includes approximately 28 on-site parking spaces, including 2 designated handicap spaces, providing convenient access for both employees and customers. The unit is currently leased through September 2026, making it suitable for future occupancy or investment. Contact listing agent for additional information.

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56 W Palatine Road Facts & Features

  • Type Commercial

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Modified Gross

Building Information

  • Year Built: 1957

Business Information

  • Business Type: Retail
  • Current Use: Commercial

Location/Region

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

Rent/Lease Information

  • Tenant Pays: Electricity, Heat, Other

Tax Information

  • Tax Annual Amount: $0.00
  • Tax Year: 2024

General Information

  • Property Type: Commercial Lease
  • Zoning: RTAIL

Interior

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Flooring: Vinyl
  • Leasable Area: 1900
  • Stories: 1

Unit Information

  • Unit SqFt.: 1050

Exterior

Lot Information

  • Frontage Type: City Street,Public Road

General Information

  • Number Of Units Total: 1

56 W Palatine Road Neighborhood

Community

60067 (PALATINE) Demographics

42
Median Age
2,804
Population Density (per sq. mile)
68%
College Educated
$108,270
Estimated Median Income
11,862
Estimated Total Home Owners
3,501
Estimated Total Renters
77% / 23%
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.

56 W Palatine Road Market Data

Based on the last 30 days in this zip code

$605,058
Average List Price
$276
Average Price per Square Foot
44
Properties Sold
61
Average Days on Market
159
Properties for Sale
Calculations provided by Reliance Network

56 W Palatine Road History

Date Event Value Agent
4/4/2026Source: MRED Status Change
Active
3/30/2026Source: MRED Added to Database
March 30, 2026