• Asking Price $2,999,999

  • 180 N SMITH ST PALATINE, IL 60067

  • 21,500 SqFt
  • Commercial / Resale (MLS)
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Property Details for 180 N SMITH ST, PALATINE, IL 60067

Features

  • Price/sqft: $139
  • Lot Size: 1 acres
  • Stories: 1

Facts

  • Year Built: 01/01/2006
  • Property ID: 938737850
  • MLS Number: 12189729
  • Parcel Number: 02-15-400-055-0000
  • Property Type: Commercial
  • County: COOK
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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.

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Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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