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.
Property Details
Property Features
Listing Office:
Office Name: Compass
Office Phone: (847) 616-9910
Listing Agent: Sharon Dolezal
Lot Features
Lot Information:
Lot Size: 1.00 Acres
Utilities
Utilities Information:
Cooling: Central Air
Other
Directions Information:
Directions: Smith Street North of Palatine Rd.
Price Information
Listing Price Info
Price Summary:
List Price: $3,250,000
Tax Information:
Annual Amount: $181,354
Tax Year: 2019
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Housing Market Comparison
See how this home compares to others in Palatine, IL.
This property is $2.9M more than the Median Sold Price in Palatine, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MRED
MLS Number: #12119741
Listing Office:
Office Name: Compass
Office Phone: (847) 616-9910
Listing Agent: Sharon Dolezal
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Stuart R. Paddock Elementary School
225 W Washington St
Distance between this listing and this school0.38 miles
Public District Grades KG-5
3
/10
Gray M. Sanborn Elementary School
101 N Oak St
Distance between this listing and this school0.59 miles
Public District Grades KG-5
8
/10
Pleasant Hill Elementary School
434 W Illinois Ave
Distance between this listing and this school1.22 miles
Public District Grades KG-5
Nearby Schools
4
/10
Walter R. Sundling Junior High School
1100 N Smith St
Distance between this listing and this school1.10 miles
Public District Grades 6-8
4
/10
Winston Campus Junior High School
120 N Babcock Dr
Distance between this listing and this school1.37 miles
Public District Grades 6-8
6
/10
Plum Grove Junior High School
2600 Plum Grove Rd
Distance between this listing and this school2.13 miles
Public District Grades 6-8
Nearby Schools
8
/10
Wm Fremd High School
1000 S Quentin Rd
Distance between this listing and this school1.59 miles
Public District Grades 9-12
6
/10
Palatine High School
1111 N Rohlwing Rd
Distance between this listing and this school1.91 miles
Public District Grades 9-12
6
/10
Rolling Meadows High School
2901 Central Rd
Distance between this listing and this school3.78 miles
The neighbors living near this home have an average income of $76,875. The majority of Palatine, IL residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Living In Palatine, IL
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What type of housing is available in Palatine, IL?
The housing landscape in Palatine is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate various preferences and lifestyles. Architectural styles range from classic mid-century designs to contemporary constructions, with a significant portion of homes built in the latter half of the 20th century. The area has a healthy homeownership rate, with a substantial percentage of residents owning their homes, while the remainder of the population resides in rental properties.
Is Palatine, IL a good place to live?
Palatine prides itself on a community-centric atmosphere, where local events and festivals play a pivotal role in bringing residents together. The area is celebrated for its well-maintained parks and recreational facilities, which contribute to the town's family-friendly character. Seasonal events and community gatherings are a testament to the town's vibrant cultural identity and strong sense of togetherness.
Are things conveniently located in Palatine, IL?
Residents of Palatine benefit from a robust selection of essential services. The educational landscape includes a number of public and private schools, offering a range of options for families. Healthcare is well-supported by local clinics and hospitals that provide a variety of services from routine care to specialized treatments. The community also enjoys access to public libraries and a variety of retail and dining options that reflect the local culture. City initiatives are in place to continually improve these services to meet the evolving needs of the population.
What does the transportation in Palatine, IL look like?
Transportation in Palatine features a combination of public transit options and well-connected roadways that facilitate easy commuting and travel within the area. The community is served by a network of buses, with schedules designed to accommodate the needs of residents. While specific ride-sharing statistics are not mentioned, such services are commonly used in the area. The town also emphasizes walkability in certain districts, with ongoing efforts to enhance pedestrian and bicycle infrastructure for a more sustainable and accessible environment.
Frequently Asked Questions About 180 N Smith St
What is the listing price of this property?
The listing price of 180 N Smith St property is $3,250,000.
What type of property is this?
The property 180 N Smith St is land located in Palatine, Illinois, 60067.
Is this property for sale now?
Active Listing: 180 N Smith St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2019 is $181,354 (source: MLS/based on county public records data).
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This home is located at 180 N Smith St in Palatine, IL and zip code 60067. This home sits on a 1.00 acre lot. It has been listed on Rocket Homes since November 07, 2024 and is currently priced at $3,250,000.
In November 2024 more than 16 listings in Palatine, IL were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 36 were sold below. Between October 2024 and November 2024, Palatine, IL real estate market has seen decrease in the number of listings by 10.6%. The median list price of listings available in November 2024 was $334,571, while the average time on the real estate market was 23 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved. 
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