Share This Listing

Message

935 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

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.

Property Facts

Sale Type
Owner User
Property Type
Office
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
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
02-14-100-075-0000
Land Assessment
$98,209 (2025)
Improvements Assessment
$7,220 (2025)
Total Assessment
$105,429 (2025)
  • Listing ID: 39467084

  • Date on Market: 2/17/2026

  • Last Updated:

  • Address: 650 N 1st Bank Dr, Palatine, IL 60067

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}