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$3,500,000
62 Days Online

999 N Confidential Street
Palatine, IL 60067

For Sale|Land|Active
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Compass Sharon.Dolezal@compass.com

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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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Listing Snapshot
Price 
$3,500,000
Days Online 
62 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1 Acre
Year Built 
N/A
MLS® Number 
12119741
Status 
Active
Property Tax 
$114,475
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoStatus changed to Active
4 weeks agoPrice changed to $3,500,000
2 months agoListing first seen online
2 months agoListing updated with changes from the MLS®
General Features
Acres 
1
Additional Property Use 
Retail
Water Source 
Public
Zoning 
COMMR
Interior Features
Cooling 
Central Air
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Exterior Features
Frontage 
329
Community Features
MLS Area 
Palatine
Roads 
Asphalt
School District 
Wm Fremd High School
Township 
Palatine
Schools
School District
Wm Fremd High School
Elementary School
Unknown
Middle School
Unknown
High School
Wm Fremd High School
Listing Courtesy of MRED as distributed by MLS Grid of Compass Sharon.Dolezal@compass.com



Based on information submitted to the MLS GRID as of 2024-09-29 07:25 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-09-29 07:25 AM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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