180 N Smith ST Active

Palatine,IL 60067

$ 3250000

- Bed

0 Bath

- SqFt


Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12119741

Annual Tax Amount $114,475

Tax Year 2022

Lot Size 1.000 Acres

Property Description

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.

Location

State IL

County Cook

Area Palatine

Zoning COMMR

Interior

Cooling Central Air

Exterior

Utilities Available Electric to Site,Gas to Site,Sanitary Sewer,Water-Municipal

Building

Dwelling Type Land

Schools

High Schools Wm Fremd High School

School District 15 ,15, 211

Others

Special Listing Condition None

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