427 E Palatine Road, Palatine, IL 60074 | MLS #12573113 | Berkshire Hathaway HomeServices Chicago

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Listing provided courtesy of Century 21 IntegraMREDas Distributed by MLSGrid- MLS# 12573113MLS Provider

427 E Palatine RoadPalatine, IL 60074

Commercial · 2,561 Sq. ft.
$600,001 Active

427 E Palatine Road Overview

Time on Site:
130 days
Visits:
5

Excellent investment opportunity in a prime Palatine location! This one-story, all-brick commercial building is currently operating as a successful food market with Lotto. Continue the existing business or bring your own concept to this versatile space. Building and business are available for sale or lease. Property offers convenient on-site parking for 8-10 vehicles.

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427 E Palatine Road Facts & Features

  • Type Commercial
  • Sq. ft. 2,561
  • Price/Sq.ft. $234

Details

General

Income/Expenses

  • Existing Lease Type: Net
  • Operating Expense: 0

Business Information

  • Business Type: Grocery,Retail

Location/Region

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

Rent/Lease Information

  • Tenant Pays: Electricity, Heat, Taxes, Insurance, Repairs, Sewer

Tax Information

  • Tax Annual Amount: $25,744.94
  • Tax Year: 2024

General Information

  • Parcel Number: 02232000220000
  • Property Type: Business Opportunity

Interior

Building Interior

  • Building Area Total: 2561

General Information

  • Cooling: Central Air
  • Stories: 1

Unit Information

  • Unit SqFt.: 2561

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 64 X 128
  • Lot Size Square Feet: 8464

427 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.

427 E Palatine Road Monthly Cost

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Mike Mabry
* 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.

427 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

427 E Palatine Road History

Date Event Value Agent
2/24/2026Source: MRED Status Change
Active
2/19/2026Source: MRED Added to Database
February 19, 2026