180 North Smith Street

Palatine, IL 60067

$3,250,000
Price
43,560 / 1
Lot Size / Acres

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...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.

Listing Agent

  1. Sharon Dolezal

    Sharon Dolezal

    Listing Agent

    Compass

Property Details for 180 North Smith Street

Area
Palatine
Township
Palatine
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Zoning
COMMR
LISTING UPDATED: 11/12/2024 12:07 AM

Property Details for 180 North Smith Street

StatusActive
MLS #12119741
Days on Market114
Taxes$114,475 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size1.00 AC
CountyCook County

Building Information for 180 North Smith Street

Lot Size1.00 AC

Property Information for 180 North Smith Street

General Information
School Information
  • Elementary School District: 15
  • High School District: 211
  • High School: Wm Fremd High School
  • Middle Or Junior School District: 15
Location and General Information
  • Frontage Length: 329
  • Frontage Type: City Street
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal
Property/Lot Information
  • Lot Size: 1.0-1.99 Acres
  • Lot Dimensions: 329.18X244.54X237.49X88.59
  • Approx Land Sq Footage: 43560
  • Buildings on Land: Yes
  • Waterfront: No
  • General Information: Commuter Bus,Commuter Train
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 1
  • OpenHouse Count: 1
Miscellaneous
  • Current Use: Retail, Special Use
  • Location: Central Business District
  • Road Surface: Asphalt
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 180 North Smith Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 180 North Smith Street

Taxable ValueLand$141,761Additions$257,936Total$399,697
Tax Record2022$114,475 ($9,540 / month)
Home Facts
Stories1Lot Size43,560 SqFtStyleStoresYear Built2003CountyCOOKAPN02-15-400-055

Schools near 180 North Smith Street

This home is within Township Hsd 211 School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Gray M Sanborn Elementary School
PublicPK to 6

Walter R Sundling Jr High School
Public7 to 8

Palatine High School
Public9 to 12

District 211 Academy - North
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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180 North Smith Street is a 1 ac of land for sale in Palatine, IL 60067. This property was listed for sale on July 24, 2024 by Compass, it's currently listed at $3,250,000. This listing's school districts are Township Hsd 211 School District, Palatine Central Consolidated School District 15. Nearby schools include Gray M Sanborn Elementary School, Walter R Sundling Jr High School and Palatine High School. 180 North Smith Street is a 0-bed, 0-bath, 1 ac of land on a 43,560 sq. ft. / 1 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/12/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.