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Investment Highlights
- Prime Palatine Location - Office Park of Palatine
- Ample Parking - ~4/1,000 SF Ratio
- Turn-Key Office Building
Executive Summary
650 N. First Bank Drive presents a rare opportunity to acquire a strategically positioned suburban office asset in the heart of Palatine’s established corporate corridor. Located just east of Illinois Route 53, the property benefits from immediate regional connectivity and strong accessibility to the greater Northwest suburban Chicago market.
The building offers a highly functional layout designed to support a range of professional, medical, and service-oriented users. Its efficient floor plates, generous surface parking, and professional exterior presence create an attractive and practical environment for both tenants and owner-users. The surrounding business park setting provides a quiet, campus-style atmosphere while maintaining close proximity to retail, dining, and everyday conveniences.
This offering represents a compelling acquisition opportunity for investors seeking stable suburban fundamentals with value-enhancement potential, or for owner-users pursuing long-term control of their real estate in a highly accessible, business-oriented location.
The building offers a highly functional layout designed to support a range of professional, medical, and service-oriented users. Its efficient floor plates, generous surface parking, and professional exterior presence create an attractive and practical environment for both tenants and owner-users. The surrounding business park setting provides a quiet, campus-style atmosphere while maintaining close proximity to retail, dining, and everyday conveniences.
This offering represents a compelling acquisition opportunity for investors seeking stable suburban fundamentals with value-enhancement potential, or for owner-users pursuing long-term control of their real estate in a highly accessible, business-oriented location.
Property Facts
Sale Type
Owner User
Property Type
Building Size
4,029 SF
Building Class
B
Year Built/Renovated
1979/2025
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,029 SF
Building FAR
0.13
Lot Size
0.69 AC
Amenities
- 24 Hour Access
- Courtyard
- Signage
- Wheelchair Accessible
- Outdoor Seating
- Air Conditioning
- Smoke Detector
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 02-14-100-075-0000 | Improvements Assessment | $7,220 (2025) |
| Land Assessment | $98,209 (2025) | Total Assessment | $105,429 (2025) |
Property Taxes
Parcel Number
02-14-100-075-0000
Land Assessment
$98,209 (2025)
Improvements Assessment
$7,220 (2025)
Total Assessment
$105,429 (2025)
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650 N. First Bank Drive | 650 N 1st Bank Dr
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