Land for Sale: 180 N Smith, Palatine, IL 60067

$3,250,000
$3,250,000
180 N Smith, Palatine, IL 60067
$3,250,000
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Price:
$3,250,000
$250,000 - 11/06/2024

Type Lot/Land
Lot Size 1.00 acres

City Palatine
County Cook
School District 211

MLS 12119741
Status Active
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.

Lot & Building Features

Cooling Central Air
Tax Year 2022
Lot Dimensions 329.18X244.54X237.49X88.59 ft

Community and Schools

Elementary School 15
Senior High School Wm Fremd High School

Price History of 180 Smith, Palatine, IL

Date Name Price Difference
11/06/2024 Price Adjustment $3,250,000 7.14%
08/30/2024 Price Adjustment $3,500,000 10.26%
12/31/1969 Listing Price $3,900,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Kim Patton
Direct: 773-445-4442
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Compass, Sharon Dolezal & Myra Nimchaiyong
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1%
6.75%
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180 Smith (MLS #12119741) is a lot/land listing located in Palatine, IL. This is a lot/land listing with a lot of 43,560 sqft (or 1.00 acres). This property was listed on 07/24/2024 and has been priced for sale at $3,250,000.

Nearby zip codes are 60008, 60074, 60097, 60193 and 60614. This property neighbors other cities such as Chicago, Inverness, Rolling Meadows, Schaumburg and Wonder Lake.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Compass