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Orthodontist 204-206 N Hicks Pl 3,000 SF Office Building Palatine, IL 60067 $350,000 ($116.67/SF)
Investment Highlights
- Stand Alone Building
- High Traffic Area
- Retail Visibility
- Priced to Sell
Executive Summary
204 N Hicks Place offers an excellent investment opportunity in the heart of Palatine: a 3,000 SF free-standing building with incredible potential. Located in a high-traffic area, this property offers great visibility and easy access, making it a prime spot to attract a diverse customer base. Surrounded by a vibrant community, this property is an ideal choice for owner/users looking to establish a strong retail presence in a sought-after Palatine location.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$10,000
|
$3.33
|
| Operating Expenses |
$4,200
|
$1.40
|
| Total Expenses |
$14,200
|
$4.73
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $10,000 |
| Annual Per SF | $3.33 |
| Operating Expenses | |
|---|---|
| Annual | $4,200 |
| Annual Per SF | $1.40 |
| Total Expenses | |
|---|---|
| Annual | $14,200 |
| Annual Per SF | $4.73 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built
1960
Price
$350,000
Price Per SF
$116.67
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,000 SF
Building FAR
0.46
Lot Size
0.15 AC
Zoning
B-2, Palatine - General Business
Parking
12 Spaces (4 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $69,250 (2025) | |
| Land Assessment | $24,434 (2025) | Annual Taxes | $10,000 ($3.33/SF) |
| Improvements Assessment | $44,816 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$24,434 (2025)
Improvements Assessment
$44,816 (2025)
Total Assessment
$69,250 (2025)
Annual Taxes
$10,000 ($3.33/SF)
Tax Year
2024
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Orthodontist | 204-206 N Hicks Pl
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