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Commercial Real Estate Broker · Palatine, IL

Palatine Commercial Real Estate

Selling or leasing a commercial building in Palatine? Jason Bitton is the #1 RE/MAX Commercial broker in Illinois (2022, 2024, 2025), and his Palatine record is public: he sold the retail property at 1740 N Rand Rd, representing both the seller and the buyer. He handles retail, office, industrial, flex and investment property from the Rand Road and Northwest Highway corridors to downtown Palatine’s transit-oriented core, from his base in nearby Libertyville.

Have space to lease instead? Lease out my building →

$377.5K
1740 N Rand Rd · Sold 2023 · Both sides
$805K
Median Palatine sale · 50 in 2 years
6 months
Median time to sell, once marketed
The short answer

Who is the best commercial real estate broker in Palatine?

Jason Bitton of RE/MAX Commercial — the #1 RE/MAX Commercial broker in Illinois (2022, 2024, 2025) — serves Palatine and the northwest Chicago suburbs from his base in nearby Libertyville. He represents buyers, sellers, landlords, and tenants across retail, office, industrial, flex, and investment property, from the Rand Road and Northwest Highway corridors to downtown Palatine’s transit-oriented core. In Palatine he sold the retail property at 1740 N Rand Rd for $377,500 in September 2023, representing both the seller and the buyer.

Jason works for sellers: as of September 22, 2026, he represented the seller in more than 80% of the sales on his public Sold & Leased ledger, including sales where he represented both sides. His Palatine closing is below, and the 50 sales recorded in the village in the two years to June 30, 2026 are in the market report.

The closed record

Closed in Palatine: 1740 N Rand Rd

Jason’s Palatine closing is on his public Sold & Leased ledger. It closed in September 2023, before the two years the market report below covers, so it is not one of those 50 sales.

Sold

1740 N Rand Rd

Palatine · Retail · Both sides represented · September 2023
$377,500

A retail property on Rand Road (US-12), Palatine’s primary big-box and auto-retail corridor.

Nearby, Jason has also closed sales in Arlington Heights and Long Grove. See every deal on the Sold & Leased ledger →

Own a commercial building in Palatine? Request a confidential opinion of value →

Market report

What does commercial and industrial property sell for in Palatine?

In the two years to June 30, 2026, the Village of Palatine recorded 50 arm’s-length sales of office, retail, commercial and industrial property, at a median price of $805,000 — 31 in the latest 12 months and 19 in the year before.

50sales · median $805,000 · two years to June 30, 2026
By property type
Property typeSalesMedian price
Retail & commercial34$790,000
Office9$525,000
Industrial7$1,245,000
All50$805,000

A group median appears only where enough sales qualify; all three types do.

By year, to June 30
PeriodSalesMedian price
Latest 12 months31$810,000
The year before19$800,000

The mix of property types changes from year to year, so these two medians are not a price trend.

The report gives no price per square foot. Only 4 of the 7 industrial sales can be measured that way, too few for a median, and in retail, commercial and office sales the land and the tenants often set the price as much as the building does, so a per-square-foot median would mislead.

A different record, further down. The county parcel record counts recorded sale entries parcel by parcel. Its per-square-foot figures are recorded entries, not a market rate.

Time to sell · two years to June 30, 2026

How long does it take to sell a commercial building in Palatine?

About six months, once the building is on the market: the 14 Palatine sellers who marketed their building reported a median of 6 months, and 8 of the 14 sold within six months. Twelve of the 14 sold within a year; the other two reported 24 and 36 months. Another 5 of the 19 sales that reported a marketing time never went on the market at all.

Some sales never reach the open market. Jason keeps a live board of buyers and tenants who are looking now. See who is looking →  ·  Ask what your building would sell for →  ·  Compare with other towns →

Source: Jason Bitton RE/MAX Commercial’s database from public records: arm’s-length sales of office, retail, commercial and industrial property in Palatine, dated July 1, 2024 to June 30, 2026; updated September 24, 2026. Sales are counted per transaction; one sale may cover several parcels, and a building resold on the same day is counted once, at the final price. Price excludes personal property. Marketing time is the seller’s own estimate (19 of the 50 sales report it). A group median appears only where enough sales qualify. Filings can trail a sale by weeks, so the latest quarter may still rise slightly. Aggregates only. Next update: late November 2026, for sales through September 30.

147 daysto an accepted offer · listed on the MLS · Oct 10, 2023 to Oct 9, 2026
Listed on the MLS
MedianPalatineMarket area
Sales12284
Days to an accepted offer147120
Then days to closing5054
Sale price vs. final asking93.0%92.6%
Sale price vs. first asking91.4%90.7%
Leases24266
Days to lease337157

Market area: all of Lake County plus Arlington Heights, Elk Grove Village, Northbrook, Palatine and Wheeling.

Buildings listed for sale on the MLS in Palatine took a median of 147 days to reach an accepted offer, then 50 more days to close (12 sales, October 10, 2023 to October 9, 2026; 12 of them under $1 million). They sold for a median 93.0% of the final asking price and 91.4% of the first. Property listed for lease took a median of 337 days to lease (24 leases).

Source: MLS listings of retail, office, industrial and mixed-use property: closed sales and signed leases, October 10, 2023 to October 9, 2026; apartment buildings and sales of a business without its building are not included. Days to an accepted offer are the MLS’s market time, which includes earlier listings of the same building. Medians; aggregates only. This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period October 10, 2023 through October 9, 2026. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.

By property type

Palatine property for sale and for lease, by type

Listing sites show what is on the market this week. This is the Palatine record by property type: what sold and for how much, and what the county has on file. Across all types, sellers who marketed a building here took a median of 6 months to sell (14 sales).

IndustrialFor SaleFor Lease

Warehouses & industrial buildings for sale or lease

65 warehouses
plus 12 light-manufacturing buildings and 16 industrial condos
7 industrial sales in the two years to June 30, 2026 · median $1,245,000. Tell Jason the size, clear height and loading you need.
Compare towns →
RetailFor SaleFor Lease

Retail, storefronts & shopping centers for sale or lease

28 strip centers
plus 16 shopping centers, 67 other retail buildings and 40 restaurant buildings
34 retail and commercial sales in the two years to June 30, 2026 · median $790,000. Tell Jason the frontage, size and use you need.
Compare towns →
OfficeFor SaleFor Lease

Office & medical office for sale or lease

44 office buildings and condos
14 single-tenant buildings, 15 multi-tenant buildings and 15 office condos, plus 22 medical office
9 office sales in the two years to June 30, 2026 · median $525,000. Tell Jason the size, and whether patients or the public will visit.
Compare towns →
Convenience & AutoFor SaleFor Lease

Convenience stores, gas stations & auto for sale or lease

14 gas stations and convenience stores
plus 51 auto properties: repair garages, quick lubes, car washes and dealers
When one of these sells with its business, the price covers the business too. Ask Jason for sales of the building alone.
Ask for the comparable sales →

Sales figures come from the market report on this page (arm’s-length sales only). Building counts: Jason Bitton RE/MAX Commercial’s database from public records, updated September 7, 2026. Counted by parcel: a building on two parcels counts twice, and the 180 parcels with no building type recorded are left out.

For sellers

Why Palatine sellers hire Jason

Beyond pricing, marketing and negotiating, a seller gets the bench Jason has built over years of closings. Across the Chicago area, Jason has closed deals from 1,500 to 98,905 square feet and has sold contractor units, mixed-use, multifamily, medical and office buildings, manufacturing warehouses and national retail stores.

What a Palatine sale has to answer

Which comparison

Over the two years to June 30, 2026, Palatine office buildings sold at a median of $525,000, retail and commercial buildings at $790,000 and industrial buildings at $1,245,000. A price has to stand against sales of its own type, not the village-wide median of $805,000.

The tax line

Palatine is in Cook County, and a buyer underwrites the tax bill. In the county record, 8 of the village’s 102 industrial parcels with a recorded building area carry the Class 6b flag, the county’s industrial incentive, and 3 sit inside a TIF district. A flag is a record entry, not proof the incentive is in force, so a seller should know where the building stands before a buyer asks.

Open market or quiet

Of the 19 Palatine sellers who reported a marketing time, 5 sold without ever putting the building on the market. Jason can market a building publicly or quietly, off-market, and the owner decides which.

People and tools Jason can bring to your sale

  • A tested starting point — Mainstreet commercial contract forms, reviewed and revised by many attorneys over the years, give your attorney an established starting point and can reduce drafting time.
  • Flat-fee counsel — real estate counsel who works on a flat rate, when you want one.
  • Fast environmental — environmental consultants who turn time-sensitive reports around quickly.
  • Lenders who answer — lenders who pick up Jason’s call directly and get a buyer’s financing moving.
  • Village zoning, handled — Jason works zoning and use questions directly with the village.
  • Honest trades — roofers, window contractors and other trades with fair pricing, to get a building ready to sell.
  • Class 6B, in practice — Cook County industrial experience with warehouse acquisitions and Class 6B property-tax incentive strategy on qualifying buildings, as in the Bellwood case study.
  • No competing portfolio — Jason doesn’t own or develop commercial property, so no building of his ever competes with yours for a buyer.

Weighing a sale in Palatine? Here is how Jason sells a commercial building, step by step.

What clients say

Trusted by commercial owners & investors

★★★★★ 5.0 · 17 Google reviews
★★★★★

“Jason was professional and went above and beyond helping us to sell our property. He was prompt in responding and helpful with our questions. He shows up and follows through.”

— Anna S.
★★★★★

“Jason recently sold one of my commercial condo properties. His communication is great, very responsive. Jason utilized multiple platforms to get eyes on my listing. I’m very happy with how Jason handled the sale of my unit!”

— Bryan S.
★★★★★

“Jason’s been a huge asset in our commercial real estate deals. He’s quick, professional, and detail oriented. Highly recommend him!”

— Tina G.
Read all 17 five-star reviews on Google →
Meet your broker

Jason Bitton

Commercial Real Estate Broker · RE/MAX Commercial

Jason Bitton is a commercial-only broker based in Libertyville, ranked #1 by commercial production among RE/MAX brokers in Illinois in 2022, 2024, and 2025 and a 2025 RE/MAX Hall of Fame inductee. With more than a decade working exclusively in commercial property, he represents buyers, sellers, landlords, and tenants across retail, industrial, office, multifamily, mixed-use, NNN, and land throughout Lake County, the North Shore, and the O’Hare corridor.

Market Overview

The Palatine Commercial Market

Palatine is a major northwest Cook County commercial market built around the Rand Road (US-12) big-box corridor, the Northwest Highway (US-14) diagonal, and a downtown transit-oriented development anchored by its Metra station. The village actively courts redevelopment — including a Targeted Development Zone along Northwest Highway — making it a market with both established retail demand and value-add upside across retail, office, and industrial.

Market Highlights

  • ✓ Rand Road (US-12) big-box & auto-retail corridor
  • ✓ Northwest Highway (US-14) Targeted Development Zone
  • ✓ Downtown Metra-anchored transit-oriented development
  • ✓ Dundee Road (IL-68) commercial arterial
  • ✓ Deep northwest-suburban trade area
  • ✓ Retail, office, research and manufacturing base

Retail

Rand Road big-box and pad sites, downtown storefronts, restaurants, and strip centers.

Office & Research

Professional, medical, and research/light-tech office.

Industrial & Flex

Light manufacturing, warehouse, and flex space.

Investment Sales

Net-leased retail, multi-tenant centers, and downtown transit-oriented redevelopment.

Daytime Employment

Who Actually Works in Palatine

Palatine holds 24,039 jobs inside village limits. That is the daytime population a commercial tenant actually draws from — a different, and for commercial purposes more useful, number than the residential count most listings quote.

The village itself counts 66,293 residents in 27,303 households, with a median household income of $97,819 (U.S. Census Bureau, American Community Survey 2020-2024 five-year estimates).

Source: U.S. Census Bureau, LEHD LODES8 2023 (workplace area characteristics). Figures count jobs located in Palatine, not residents. Updated annually.

From the Public Record

What the County Records Show, Parcel by Parcel

This record, updated 7 September 2026, contains 645 Palatine parcel records. 437 have an assessor building type and a positive recorded building area. Not counted: 208 records with no recorded area (180 of them also carry no building type), 0 with a zero or negative area. Parcels are grouped by the assessor's own building type, never by the county's coarse industrial/commercial label. A parcel is not always one building, so each figure is per parcel.

What the record shows - Palatine, updated 7 and 16 September 2026
  • Retail: median $163 per recorded building square foot across 14 qualifying sale entries, 2024 to 2026 (full range $57 to $851). These are recorded entries, not a market rate.
  • The typical Palatine industrial parcel carries 12,081 SF of recorded building area; 24 of 102 (24%) fall in the 10,000-25,000 SF range.
  • 8 of 102 industrial parcels (8%) carry Class 6b, the county industrial incentive, as flagged in the assessor record. The flag is a record entry, not proof the incentive is currently in force.
  • 3 of 102 industrial parcels (3%) sit inside a named TIF district, which is worth knowing before you underwrite a tax line on one.
  • 247 of 437 parcels (57%) carry no disclosed sale price in this extract.
  • The typical Palatine retail parcel carries 5,488 SF of recorded building area; 50 of 236 (21%) fall in the 10,000-25,000 SF range.
  • Parcel figures were updated 7 September 2026 and sale entries 16 September 2026. Each figure states its sample. No tax per square foot is published for Palatine: the records on hand carry no usable rate table.
437Palatine commercial and industrial parcels with a recorded building area
Building type groupParcelsRecorded building SFMedian per parcel10,000-25,000 SFClass 6bIn a TIFNo disclosed sale price
IndustrialStorage Warehouses 65, Condos 16, Light Manufacturing 121023,210,33212,08124 (24%)8351 (50%)
RetailSingle Tenant 42, Automotive Service Garage 35, Strip Center 282363,344,4205,48850 (21%)0100144 (61%)
OfficeMedical Office Buildings/Spaces 22, Multitenant 15, Singletenant 1451307,2103,7518 (16%)0624 (47%)
OtherCbd Office 20, Day Care Facility All Types 9, Self Storage 8481,968,27529,602.511 (23%)0928 (58%)

No tax figure is published for Palatine: the Cook County extract on hand carries no usable rate table, so tax per square foot is computed for Lake County towns only. Class 6b is the county's industrial incentive as flagged in the assessor record; In a TIF means the parcel sits inside a named district. No disclosed sale price counts parcels whose valuation record carries no sale price; a blank establishes neither a transfer nor a holding period.

33qualifying sale entries with a disclosed price, 2024 to 2026
AddressTypeRecorded building SFRecorded priceSale datePrice / recorded SF
1717 RandSingle Tenant1,837$220,5002026-05-12$120
734 VermontStorage Warehouses19,328$1,245,0002026-04-30$64
501 W ColfaxSingletenant6,538$525,0002026-04-27$80
1530 W AlgonquinStrip Center19,675$4,250,0002026-04-10$216
240 E HellenStorage Warehouses3,000$900,0002026-04-10$300
433 VermontStorage Warehouses18,415$3,250,0002026-03-13$176
707 W ColfaxMultitenant2,600$300,0002026-03-09$115
1108 NorthwestStrip Center9,794$960,0002026-02-02$98
707 W ColfaxMultitenant2,600$70,0002026-01-20$27
1589 N RandBanks, Small Format5,332$1,825,0002026-01-15$342
2001 N RandStrip Center16,032$1,100,0002025-12-30$69
1500 E DundeeLimited Service Economy159,958$3,400,0002025-12-22special purpose
1800 N RandSingle Tenant6,800$726,0002025-12-02$107
1220 N RandAutomotive Car Wash (Automatic)5,115$3,000,0002025-12-01automotive use
520 W ColfaxSelf Storage66,395$14,000,0002025-09-25special purpose
501 N HicksMedical Office Buildings/Spaces2,797$710,0002025-08-29$254
279 E HellenCondos3,324$250,0002025-07-16condominium
560 S HicksStorage Warehouses59,796$4,675,0002025-07-11$78
1960 N RandRestaurants6,203$800,0002025-06-20$129
1765 RandFast Food (Franchise)4,500$2,100,0002025-05-29$467
855 EMultitenant13,654$685,0002025-05-27address incomplete
270 E NorthwestRestaurants4,051$1,975,0002025-05-12$488
2370 N HicksAutomotive Car Wash (Automatic)7,773$9,822,3732025-04-17automotive use
37 W SladeMulti Tenant6,310$900,0002025-04-09$143
668 E NorthwestSingle Tenant2,381$560,9002025-02-26$236
660 First BankMultitenant12,096$900,0002025-02-24$74
632 First BankMultitenant4,032$500,0002025-01-24$124
790 W NorthwestSingle Tenant3,052$557,5002024-11-06$183
830 W NorthwestMulti Tenant5,476$311,1002024-10-21$57
200 E NorthwestCbd Office11,160$75,0002024-09-18special purpose
325 E Lake-CookSingle Tenant3,390$2,886,0002024-03-20$851
624 W ColfaxTruck Parking4,800$1,325,0002024-02-16land use
835 N SterlingMultitenant14,422$700,0002024-01-03$49

Industrial: 6 entries; fewer than six usable for a price per square foot, so no group range or median is reported. Retail: 16 entries; price per recorded building square foot on 14 of them ranges $57 to $851, median $163, the range and median of these recorded entries, not a market rate. Office: 8 entries on 7 parcels; price per recorded building square foot on 7 of them on 6 parcels ranges $27 to $254, median $80, the range and median of these recorded entries, not a market rate. Other: 3 entries; fewer than six usable for a price per square foot, so no group range or median is reported.

Price / recorded SF divides each recorded price by the assessor's building area from the 7 September 2026 extract, which may not describe the property as it was when sold. It is not shown for parking, condominium, automotive, hotel or special-purpose parcels, or where the source address is incomplete, because the recorded area is not a usable denominator there; those rows keep their price and date. A group range and median are reported only on six or more usable entries.

Coverage. Sales, updated 2026-09-16 for the 437 parcels above: 50 entries since 2024. Only single-parcel market sales are kept; 17 were excluded (17 covered more than one parcel). These flags do not certify that buyer and seller were unrelated or that the property was marketed. Each row is one parcel's recorded entry, and a parcel that sold twice appears twice. Prices are recorded, not asking. Source: Jason Bitton RE/MAX Commercial’s database from public records. No owner, buyer or seller names are published. The parcel and sale tables are downloadable as CSV: parcels and sale entries. Want a first read on your own building? The property value estimator takes a minute; a confidential opinion of value replaces it with real comps.

Commercial Zoning

What Can You Open in Palatine?

Palatine zoning by address

Look up a Palatine address

Street number and street; add the town if it is not Palatine. The lookup starts on its own when you pause.

Palatine sorts commercial property into five business districts and a Manufacturing District: B-1 Shopping Center, B-2 General Business, B-3 Central Business (the downtown bounded by Wood, Johnson, Plum Grove and Smith), B-4 Office-Research, B-5 Highway Business and M Manufacturing. B-5 applies only to lots with frontage on Rand Road (U.S. 12). B-4 is for a single office or research user on a campus-size site (a 400,000 SF minimum lot unless a planned development approves less), and offices are also permitted in B-1, B-2, B-3, B-5 and M. The Manufacturing District permits any manufacturing, fabricating, processing, assembly, repairing, storing, servicing or testing of materials, with the conditions the code sets.

Palatine Zoning Districts

The commercial, office and industrial districts in Palatine, with the uses allowed by right and the uses that need special-use approval — 6 districts, 492 listed uses. Open any district for its full list.

B-1 Shopping Center District — 68 permitted, 31 by special use+

The purpose of the B-1 Shopping Center District is to provide for retail shopping and financial services within a unified shopping center. (Appendix A - Zoning, Section 11.02.)

Permitted by right: Accountant's and tax consultant offices, Antique shops; of refurbished and refinished materials, Appliance stores, Art supply stores, Automotive accessory stores; including but not limited to batteries, tires, engine parts; but not including on-site repair of autos or replacement of sold items, Bakeries; manufacturing of goods limited to those retailed on the premises, Banks and/or financial institutions, Barber shops, Beauty parlors, Book and stationery stores, Building materials and supplies; provided that no outdoor storage of such products shall be permitted, Camera and photographic supply stores, Candy, confectionery and ice cream stores; with no on-site manufacturing of goods, Card shops, Carpet and rug stores, China and glassware stores, Clothes and costume rental agencies, Clothing and apparel stores, Compatible uses; per procedure and standards listed in section 11.01(f) of this ordinance — the code's reference is off: the compatible-use standards are in Sec. 11.01(g), and a use counts as compatible only when the administrator finds it so and the Village Council ratifies it; confirm with the Village, Currency exchanges, Dance Studios, Department stores and variety stores, Drapery stores, Dressmaking and millinery shops, Dry goods and variety stores; textiles, clothing and related articles of trade, Electronic communications equipment sales, Florists, Furniture stores, Furrier shops, Gift shops, Hardware stores, Health Clubs which are 3,000 square feet or less, Hearing aid stores, Hobby shops; for retailing of items to be assembled or uses away from the premises, Home supply centers, Insurance agencies, Jewelry stores (including watch repair), Leather goods and luggage stores, Linoleum and tile stores, Medical appliance stores, Mixed uses; combination of economically compatible permitted uses listed above, Municipal parking lots, Musical instrument sales, Notion stores, Office supply stores, Offices-business, professional or governmental, Opticians sales; retail, Paint and wallpaper stores, Parking lots; for private self-propelled passenger vehicles, Pet shops, Pharmacies, Picture framing, Post office sub-stations, Prerecorded Audio or Video Sales or Rental, Prerecorded music sales; any medium, Railroad passenger station, Restaurants (without a drive-through or a local liquor license, and do not operate between 12:00 AM and 6 AM), Second hand thrift shops, Sewing machine sales and service; household machines only, Shoe stores, Sporting goods stores, Tanning Salons, Temporary buildings; on the premises for construction purposes for a period not to exceed the duration of such construction, Temporary uses of special events; for a period not to exceed seventy-two (72) hours; as approved by the Village Council at least ten (10) days before the event, Ticket agencies; amusement, Toy stores, Travel agencies, bureaus and transportation ticket offices, Village Operated Facilities

Special use approval required: Automobile diagnostic center and repair; when part of a department store and without the disbursement of fossil fuels or other forms of energy or material that assists automobile movement, Automobile service station and mart; within a unified center for disbursement of fossil fuels or other forms of energy or material that assists automobile movement, without repair, Banquet and meeting facility; with or without another use, includes the service of food, liquor and live entertainment, Bowling alleys, Bus stations; provided that direct access to a major or secondary thoroughfare is available, Car rental facilities, Communication devices; which exceed the height limitations set forth for business districts, Copy changes, pursuant to Section 8.01(f)(4) (sign copy), Day care facility, Drive-Thru, Dry Cleaners, Fencing; in any front yard (except decorative fencing, and temporary fencing erected to protect any seeding area with the permission of the administrator), Food stores, grocery stores, meat markets and frozen foods, Gold and Silver dealers (as defined within Division 16 of the Palatine Code of Ordinances), whose gross business receipts result in 20% or more from the purchase of gold or silver, Laundries; Launderettes, Liquor Stores; package stores only, Live entertainment, Martial arts schools, Montessori schools, Movie theatres; indoor, Offices: Medical and dental, including, but not limited to physicians, surgeons and dentists, Physical and health services; includes health clubs greater than 3,000 square feet, swimming pools, and masseuses, Piercing studios and stores, operating in a manner that is not exempted under the Tattoo and Body Piercing Establishment Registration Act [410 ILCS 54/1 et seq.] (not including medical procedures or ear piercing with the pre-sterilized, single-use stud and clasp system), Public service facilities; including electric distributing sub-stations, telephone exchanges and similar non-municipal uses, Restaurants (with a drive-through or a local liquor license, or operate between 12:00 AM and 6 AM), School office buildings; not including the parking or storage of buses, Taverns or bars, Taxicab Dispatching Office Facility, Tobacco Shops and electronic cigarette stores, Unique or new uses; not listed within this ordinance; provided that the use complies with the intent of the B-1 District, Wind energy conversion systems

Read the B-1 district in the official code

B-2 General Business District — 91 permitted, 42 by special use+

The purpose of the B-2 General Business District is to provide areas for business establishments which offer retail convenience goods and services to residents located in the general vicinity of the district. (Appendix A - Zoning, Section 11.03.)

Permitted by right: Accountant's and tax consultant offices, Antique shops; of refurbished and refinished materials, Appliance stores and repair; household, Art supply stores, Artist studios, Automotive accessory store, including, but not limited to, batteries, tires, engine parts, but not including on-site repair of autos or replacement of sold items, with the exception of automobile cellular telephones, stereos, vinyl window tinting and specialty lighting, which may be installed in an enclosed building, Automotive sales; for the sale of new and used automobiles and including auxiliary service and repairs in conjunction with, if conducted wholly within a completely enclosed building, on not less than one acre — a dealer selling only used cars falls under the separate used-car special use (Sec. 11.03(d)), and where two listings overlap the more restrictive governs (Sec. 4.01), Bakeries; manufacturing of goods limited to those retailed on the premises, Banks and financial institutions, Barber shops, Baseball academy, Beauty parlors, Beauty schools; when the service of a beauty parlor is offered to the public, Bicycle sales and repair shops, not including motorized bicycles, Blueprinting and photostating establishments, Book and stationery stores, Building materials, Business machine sales and service, Camera and photographic supply stores, Candy, confectionery and ice cream stores; with no on-site manufacturing of goods, Card shops, Carpet and rug stores; including the cleaning of such items, with fire department approval of all utilized cleaning agents, Catalog stores, China and glassware stores, Clothes and apparel stores, Clothes and costume rental agencies, Clothing repair stores; including tailoring, shoe and hat repair, Coin and stamp stores, Compatible uses; per procedure and standards listed in section 11.01(f) of this ordinance — the code's reference is off: the compatible-use standards are in Sec. 11.01(g), and a use counts as compatible only when the administrator finds it so and the Village Council ratifies it; confirm with the Village, Currency exchanges, Dancing schools and studios; with instruction and sound to be totally confined inside the subject building, Drapery stores, Dressmaking and millinery shops, Dry good stores; textiles, clothing and related articles of trade, Electronic communications equipment sales; including television and radio repair of such items, Florists, Furnace supplies and service, Furniture stores, Furrier shops, Gift shops, Hardware stores, Health Clubs which are 3,000 square feet or less, Hearing aid stores, Hobby shops, Home supply centers, Insurance agencies, Interior decorating and upholstering shops, Jewelry stores, Laundries; launderettes, Leather goods and luggage stores, Linoleum and tile stores, Locksmith, Machinery; small motorized sales and service, Medical appliance stores, Mini-parcel service; with maximum square footage of two thousand (2,000) square feet, Mixed uses; combination of economically compatible permitted uses listed above, Monument sales, Municipal parking lots, Musical instruction, Musical instrument sales, Newspaper distribution agencies, Notion stores, Office supply stores, Offices, newspapers, Offices: Business, professional or governmental, Optician sales; retail, Paint and wallpaper stores, Parking lots; for private self-propelled passenger vehicles, Pet shops, Pharmacies, Photographic studios, Picture framing, Post offices or sub-stations, Pre-recorded audio or video sales or rental, Printing, lithographing or publishing establishments; for letter press, business cards, mimeographing and any other similar custom service, Railroad passenger station, Restaurants (without a drive-through or a local liquor license, and do not operate between 12:00 AM and 6 AM), Sales and service of the following items, with a retail showroom: electrical, flooring, glass, heating and ventilation, painting, paper hanging, plumbing, roofing, Second hand thrift shops, Sewing machine sales and service; household machines only, Shoe stores, Sporting goods stores, Swimming pool sales and service, Tanning Salons, Taxidermists, Temporary buildings; on the premises for construction purposes for a period not to exceed the duration of such construction, Temporary uses of special events; for a period not to exceed seventy-two (72) hours; as approved by the Village Council at least ten (10) days before the event, Ticket agencies; amusement, Toy stores, Travel agencies, bureaus and transportation ticket offices, Village Operated Facilities

Special use approval required: Animal hospitals and kennels, Automobile diagnostic center and repair; when part of a department store and without the disbursement of fossil fuels or other forms of energy or material that assists automobile movement, Automobile service and repair; where automobiles are painted, repaired, rebuilt, reconstructed or stored for compensation, Automobile service station and mart; for disbursement of fossil fuels or other forms of energy or material that assists automobile movement and retail sale of other items without on-site consumption of food or repair, Automobile service stations; for disbursement of fossil fuels or other forms of energy or material that assists automobile movement, with repair, Automotive sales; for the sale of used automobiles and including auxiliary service and repairs in conjunction with, if conducted wholly within a completely enclosed building, on not less than one acre, Banquet and meeting facility; with or without another use, includes the serving of food, liquor and live entertainment, Bowling alleys, Bus stations; provided that direct access to a major or secondary thoroughfare is available, Car rental facilities, Car washes, Communication devices; which exceed the height limitations set forth for business districts, Copy changes, pursuant to Section 8.01(f)(4) (sign copy), Day care facility, Drive-Thru, Dry Cleaners, Dwelling units, accessory, Fencing; in any front yard (except decorative fencing, and temporary fencing erected to protect any seeding area with the permission of the administrator), Food stores, grocery stores, meat markets and frozen foods, Gold and Silver dealers (as defined within Division 16 of the Palatine Code of Ordinances), whose gross business receipts result in 20% or more from the purchase of gold or silver, Homeless day facility, Hotels, Extended Stay Hotels, and Motels, Indoor sports and recreational facilities, Laboratories, research, experimental and testing; for testing and research, including medical and dental, Liquor Stores; package stores only, Live entertainment, Martial arts schools, Movie theatres; indoor, Offices: Medical and dental, including, but not limited to physicians, surgeons and dentists, Physical and health services; includes health clubs greater than 3,000 square feet, swimming pools, and masseuses, Piercing studios and stores, operating in a manner that is not exempted under the Tattoo and Body Piercing Establishment Registration Act [410 ILCS 54/1 et seq.] (not including medical procedures or ear piercing with the pre-sterilized, single-use stud and clasp system), Public community center, Public service facilities; including electric distributing sub-stations, telephone exchanges and similar non-municipal uses, Restaurants (with a drive-through or a local liquor license, or operate between 12:00 AM and 6 AM), School office buildings; not including the parking or storage of buses, Taverns or bars, Tobacco Shops and electronic cigarette stores, Trailer rental, Truck rental, Undertaking establishments and funeral homes; which may include one attached residential unit. Water based cremation or alkaline hydrolysis is also permitted as an accessory use to the funeral home, Unique or new uses; not listed within this ordinance; provided that the use complies with the intent of the B-2 District, Wind energy conversion systems

Read the B-2 district in the official code

B-3 Central Business District — 76 permitted, 22 by special use+

Downtown Palatine's central shopping and service district for the retail sale of small items and essential services. Only property bounded by Wood Street, Johnson Street, Plum Grove Road and Smith Street is eligible, and any business-zoned lot inside that area may follow either its own district's use lists or the B-3 lists (Section 11.01(m)). (Appendix A - Zoning, Section 11.04.)

Permitted by right: Antique shops; of refurbished and refinished materials, Appliance stores; of household items which can be carried by one individual without assistance, Art supply stores, Artist's studio, Bakeries; manufacturing of goods limited to those retailed on the premises, Banks and financial institutions; without drive-in facilities, Barber shops, Beauty parlors, Beauty schools; when the service of a beauty parlor is offered to the public, Bicycle sales and repair, Book and stationery stores, Camera and photographic supply stores, Candy stores, Card shops, Catalog stores, China and glassware stores, Clothes and costume rental agencies, Clothing repair stores; including tailoring, shoe and hat repair, Clubs, lodges, temples, fraternal and not for profit organizations; not to be confused with synagogue or private club, Coin and stamp stores, Compatible uses; per procedure and standards listed in section 11.01(f) of this ordinance — the code's reference is off: the compatible-use standards are in Sec. 11.01(g), and a use counts as compatible only when the administrator finds it so and the Village Council ratifies it; confirm with the Village, Currency exchanges, Dancing schools and studios, Delicatessens; where no on-site consumption of food is accomplished, Drapery stores, Dressmaking and millinery shops, Dry good stores; textiles, clothing and related articles of trade, Dwelling units; subject to the general conditions of section 11.01(l), Electronic communications equipment sales; including television and radio and repair of such items, Florists, Furrier shops, Gift shops, Hardware stores, Health Clubs which are 3,000 square feet or less, Hearing aid stores, Historical buildings and landmarks; preserved for the public, Hobby shops, Interior decorating studios and shops, Jewelry stores, Laundries, launderettes; hand or automatic, self-service only, Leather goods and luggage stores, Loan offices, Locksmith shops, Medical appliance stores, Mini-parcel service; with maximum square-footage of one thousand five hundred (1,500) square feet, Mixed uses; combination of economically compatible permitted uses listed above provided that the floor area of such establishment does not exceed fifty thousand (50,000) square feet, Municipal parking lots, Musical instruction, Musical instrument sales and repair, Newspaper distribution agencies, Newspaper offices (public), Notion stores, Nursing home, Office supply stores, Offices: Business, professional or governmental, Opticians and optometrists shops, Paint and wallpaper stores, Parking lots; for private self-propelled passenger vehicles, Pet shops, Pharmacies, Photographic studios and equipment supply, Picture framing, Post offices or sub-stations, Prerecorded music sales; any medium, Public parks, public playgrounds and public community centers, Restaurants (without a drive-through or a local liquor license, and do not operate between 12:00 AM and 6 AM), Second hand thrift shop, Sewing machine sales and service; household machines only, Sporting goods stores, Telephone exchanges — the B-3 special list also names telephone exchanges among public service facilities, and the code says the more restrictive listing governs (Sec. 11.04(f), 4.01); confirm with the Village, Temporary buildings; on the premises for construction purposes for a period not to exceed the duration of such construction, Temporary uses of special events; for a period not to exceed seventy-two (72) hours; as approved by the Village Council at least ten (10) days before the event, Ticket agencies; amusement, Toy stores, Travel agencies, bureaus and transportation ticket offices, Village Operated Facilities

Special use approval required: Art galleries and public museums, Auction rooms, Banks and financial institutions; with drive-in facilities, Communication devices which exceed height limit, Copy changes, pursuant to Section 8.01(f)(4) (sign copy), Drive-Thru, Dry Cleaners, Fences, front yard, Food stores, grocery stores, meat markets and frozen foods, Gold and Silver dealers (as defined within Division 16 of the Palatine Code of Ordinances), whose gross business receipts result in 20% or more from the purchase of gold or silver, Liquor Stores; package stores only, Live entertainment, Meeting halls; with a legal capacity of one hundred (100) or more people, Offices: Medical and dental, including, but not limited to physicians, surgeons and dentists, Physical and health services: includes health clubs greater than 3,000 square feet, swimming pools, and masseuses, Piercing studios and stores, operating in a manner that is not exempted under the Tattoo and Body Piercing Establishment Registration Act [410 ILCS 54/1 et seq.] (not including medical procedures or ear piercing with the pre-sterilized, single-use stud and clasp system), Public service facilities; including electric distributing sub-stations, telephone exchanges and similar non-municipal uses, Restaurants (with a drive-through or a local liquor license, or operate between 12:00 AM and 6 AM), Taverns and bars, Tobacco Shops and electronic cigarette stores, Unique or new uses; not listed within this ordinance; provided that the use complies with the intent of the B-3 District, Wind energy conservation system

Read the B-3 district in the official code

B-4 Office-Research District — 6 permitted, 9 by special use+

Professional and corporate office and research facilities within a unified area, with all development on a B-4 parcel by a single user or firm. Minimum lot area is 400,000 square feet unless the Village approves a smaller lot as part of a planned development; permitted uses are corporate and professional offices, research and testing laboratories, prototype production and Village-operated facilities, while financial institutions, trade schools and hospitals need a special use. (Appendix A - Zoning, Section 11.05.)

Permitted by right: Corporate, business, charitable, not-for-profit organizations and labor union offices and headquarters; housing management and administrative personnel only (sales and display of products allowed as an accessory use only), Engineering and testing laboratories, Laboratories, offices and other facilities; for research and development including basic, applied development and technical services, Production of prototype products; when limited to scale reasonably necessary for a full investigation of the merits of a product, including commercial viability, provided, however, that products using or involving explosives or volatile chemicals shall be prohibited — the code's general business-district standards also say there shall be no manufacture or processing except what is incidental to retail on the same premises (Sec. 11.01); confirm with the Village, Professional offices; occupied by one firm, including its subsidiaries (sales and display of products allowed as an accessory use only), Village Operated Facilities

Special use approval required: Communication devices which exceed height limits, Copy changes, pursuant to Section 8.01(f)(4) (sign copy), Fencing; in any front yard (except decorative fencing, and temporary fencing erected to protect any seeding area with the permission of the administrator), Financial institutions, Hospitals, Private trade schools; located totally within a single structure, Public service facilities; including electric distributing sub-stations, telephone exchanges and similar non-municipal uses, Solar or wind energy conversion systems, Unique uses

Read the B-4 district in the official code

B-5 Highway Business District — 54 permitted, 42 by special use+

Intensive retail or wholesale sales with regional appeal. Only lots with frontage on Rand Road (U.S. Route 12) are eligible for B-5 zoning. (Appendix A - Zoning, Section 11.06.)

Permitted by right: Appliance stores (large), Appliance stores (small), Auction rooms, Automotive accessory store, including, but not limited to, batteries, tires, engine parts, but not including on-site repair of autos or replacement of sold items, with the exception of automobile cellular telephones, stereos, vinyl window tinting and specialty lighting, which may be installed in an enclosed building, Automotive sales; for the sale of new and used automobiles and including auxiliary service and repairs in conjunction with, if conducted wholly within a completely enclosed building — a dealer selling only used cars falls under the separate used-car special use (Sec. 11.06(e)), and where two listings overlap the more restrictive governs (Sec. 4.01), Bakeries, Banks or financial institutions, without drive-in, Baseball academy, Blue printing or photo stating establishments, Boat and marine showroom and sales, Bowling alleys, Building materials and supplies; including outdoor storage when totally fenced, Business machine sales and service, Business schools, Carpet and rug stores, Casket sales and supplies, Catering establishments, Clothes stores, Commercial printing, Compatible uses; per procedure and standards listed in section 11.01(f) of this ordinance — the code's reference is off: the compatible-use standards are in Sec. 11.01(g), and a use counts as compatible only when the administrator finds it so and the Village Council ratifies it; confirm with the Village, Delicatessens, Department stores; offering for sale at retail some or all of the goods permitted in the B-1 and B-2 districts, Electronic communication equipment sales, Equipment rental and leasing service; home, office, business and industrial, Exterminator shops, Feed and seed stores, Furniture stores, Greenhouses; retail and wholesale items, Halls; capable for use as meeting rooms, party rooms and dance halls with or without live entertainment, food service and alcohol — banquet and meeting rooms and live entertainment are also listed as special uses (Sec. 11.06(e)); where two listings overlap the more restrictive governs (Sec. 4.01), so expect a special use for those, Health clubs, which are 3,000 square feet or less, Homes supply centers, Linen, towel and diaper service, Linoleum or tile, Live bait stores, Machinery rental and sales, Mixed uses; combination of economically compatible permitted uses listed above, provided that the floor area of such establishment does not exceed fifty thousand (50,000) square feet, Monument sales, Movie theaters; indoor, Offices: Business, professional, or governmental, Paint or wallpaper stores, Photograph developing and processing shops, Printing, commercial, Public garages — the code defines a public garage in the same words as the B-5 special use 'Automobile service and repair', and the more restrictive listing governs (Sec. 3.02, 11.06(e), 4.01); confirm with the Village, Publishing of newspapers, Restaurants (without a drive-through or a local liquor license, and do not operate between 12:00 AM and 6 AM), Secondhand thrift stores; if conducted wholly within a completely enclosed building, Sign painting establishments, Snowmobile sales and service, Studios; commercial, photographic, recording, radio and television, Tanning Salons, Taxicab dispatching office facility; including accessory communications equipment, Temporary buildings; on the premises for construction purposes for a period not to exceed the duration of such construction, Temporary uses of special events; for a period not to exceed seventy-two (72) hours; as approved by the Village Council at least ten (10) days before the event, Village Operated Facilities

Special use approval required: Adult bookstores, Adult movie theaters, Adult-Use Cannabis Dispensing Establishment as defined in Section 3.02, Ambulance services, Amusement establishment; including permanent carnivals, kiddie parks, golf driving ranges, miniature golf courses and skating rinks, Animal hospital or kennels, Automobile diagnostic center and repair; when part of a department store and without the disbursement fossil fuels or other forms of energy or material that assists automobile movement, Automobile service and repair; where automobiles are painted, repaired, rebuilt, reconstructed or stored for compensation, Automobile service station and mart; for disbursement of fossil fuels or other forms of energy or material that assists automobile movement and retail sale of other items without on-site consumption of food or repair, Automobile service stations; for disbursement of fossil fuels or other forms of energy or material that assists automobile movement, with repair, Automotive sales; for the sale of used automobiles and including auxiliary service and repairs in conjunction with, if conducted wholly within a completely enclosed building, Banquet and/or meeting room, Bus stations; provided that direct access to a major or secondary thoroughfare is available, Car rental facilities, Car, bus and truck washes, Communication devices; for radio and television transmission, Communication devices; which exceed the height limitations set forth for business districts, Copy changes, pursuant to Section 8.01(f)(4) (sign copy), Day care facilities, Drive-Thrus, Dry Cleaners, Fence, front yard, Gold and Silver dealers (as defined within Division 16 of the Palatine Code of Ordinances), whose gross business receipts result in 20% or more from the purchase of gold or silver, Hotels, Extended Stay Hotels, and Motels, Indoor sports and recreational facilities, Liquor Stores; package stores only, Live entertainment, Martial arts school, Movie theaters; outdoor, Offices: Medical and dental, including, but not limited to physicians, surgeons and dentists, Physical and health services: including health clubs greater than 3,000 square feet, swimming pools, and masseuses, Piercing studios and stores, operating in a manner that is not exempted under the Tattoo and Body Piercing Establishment Registration Act [410 ILCS 54/1 et seq.] (not including medical procedures or ear piercing with the pre-sterilized, single-use stud and clasp system), Public service facilities; including electric distributing sub-stations, telephone exchanges and similar non-municipal uses, Restaurants (with a drive-through or a local liquor license, or operate between 12:00 AM and 6 AM), Sales and service uses, with a retail sales showroom and storage conducted within a totally enclosed building: electrical, flooring, glass, heating and ventilation, masonry, painting, paper hanging, plumbing, refrigeration, roofing, Tobacco Shops and electronic cigarette stores, Trailer rental, Truck rental, Undertaking establishments and funeral homes; which may include one attached residential unit. Water based cremation or alkaline hydrolysis is also permitted as an accessory use to the funeral home, Unique uses, Used auto and machinery party, Wind energy conservation systems

Read the B-5 district in the official code

M Manufacturing District — 30 permitted, 21 by special use+

Manufacturing activities best located apart from or well buffered from residential development, meeting the performance standards of Article XII. The permitted list includes any manufacturing, fabricating, processing, assembly, repairing, storing, cleaning, servicing or testing of materials, goods or products that meets those standards. (Appendix A - Zoning, Section 12.01.)

Permitted by right: Any manufacturing, fabricating processing, assembly, repairing, storing, cleaning, servicing or testing of materials, goods or products, and related office uses that conform to the performance standards of this article, with or without accessory showroom, Artists Studios, with accessory sales, Automotive sales; for the sale of new and used automobiles when accessory to an automotive repair facility, Boat building and repair; for boats less than forty (40) feet in length, Building and material sales, Cameras and other photographic equipment; except film, Car washes; with a minimum 200 foot separation from any residentially zoned use, as measured from the property line of the residential parcel, Cartage or express establishments, Catering Establishments, Commercial/trade school, Contractor's shops, Equipment rental, Fuel and ice sales; bulk, Garages for storage, repair and servicing of motor vehicles; including body repairs, painting and engine rebuilding, Greenhouses and nurseries, Indoor recreational facilities (health clubs, bowling alleys, indoor soccer fields, training facilities for athletes, and other similar uses) — instructional and training facilities for athletes and cheerleaders, and martial arts instruction, are listed as special uses (Sec. 12.01(h)); where two listings overlap the more restrictive governs (Sec. 4.01), Laboratories, research, experimental and testing, for testing and research, including medical and dental, including labs, Lawn care/landscaping, Machinery sales, Medical/Dental clinic — the code also lists 'Medical Offices' as a special use here (Sec. 12.01(h)) and does not say how a clinic differs from a medical office; confirm with the Village, Mini-warehouse, Nursery, truck garden or greenhouse, Offices; business, governmental, professional, Photographic studio and equipment sales/service including film development, Printing, commercial, Public garages and parking lots, Temporary use for special events; for a period not to exceed seventy-two (72) hours; as approved by the Village Council, at least ten (10) days before the event, Towing services, with a minimum 200 foot separation from any residential use, as measured from the property line of the residential parcel, Upholstering, Village Operated Facilities

Special use approval required: Adult-Use Cannabis Dispensing Establishment as defined in Section 3.02, Alternative Education Facilities, Ambulance services, Animal Hospitals and Kennels, Automotive sales; for the sale of new or used vehicles, Automotive service station and mart; for disbursement of fossil fuels or other forms of energy or material that assist in automotive movement and retail sales of other items without on site consumption, Car washes within 200 feet of a residential use, as measured from the property line of the residential parcel, Communication devices which exceed the height limitations set forth for manufacturing districts, Consignment shops with limited hours, Copy changes, pursuant to Section 8.02(f)(4) (sign copy), Instructional and training facilities for cheerleaders and athletes, Martial Arts Instruction and Training facilities, including any related offices, Medical Marijuana Cultivation Centers and Dispensaries, subject to the State of Illinois Regulations, Medical Offices, Public parks, playgrounds, and community centers; where said facilities are owned and operated by a village, park district, or other municipal corporation including uses customarily or incidental to the above uses, Public service facilities; including electric distributing sub-stations, telephone exchanges and similar non-municipal uses, Restaurants, Towing services within 200 feet of a residential use, as measured from the property line of the residential parcel, Transfer, Storage, and Treatment of General Construction Materials, Demolition Debris, and Wood Waste, Unique Uses in compliance with the District's performance standards, Wind energy conservation system

Read the M district in the official code

Source: Palatine Zoning (Appendix A), Municode through Ord. O-68-26 (June 15, 2026; Supp. No. 2, Update 1). Overlay districts, planned developments and parking rules can further limit what a specific parcel can do.

Confirm any address with the Village before you sign or close — or use the Commercial Zoning Lookup and tell Jason what you’re trying to open.

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Questions

Palatine Commercial Real Estate FAQ

Who is the best commercial real estate broker in Palatine?+
Jason Bitton of RE/MAX Commercial — the #1 RE/MAX Commercial broker in Illinois (2022, 2024, 2025) — serves Palatine and the northwest Chicago suburbs from his base in nearby Libertyville. He represents buyers, sellers, landlords, and tenants across retail, office, industrial, flex, and investment property, from the Rand Road and Northwest Highway corridors to downtown Palatine’s transit-oriented core. In Palatine he sold the retail property at 1740 N Rand Rd for $377,500 in September 2023, representing both the seller and the buyer.
Who should I hire to sell my commercial building in Palatine?+
Jason Bitton of RE/MAX Commercial. In Palatine he represented both sides of the September 2023 sale of the retail property at 1740 N Rand Rd, and he has closed sales nearby in Arlington Heights and Long Grove. He works for sellers — more than 80% of the sales on his public ledger represented the seller — and he doesn’t own or develop commercial property, so no building of his ever competes with yours for a buyer. He was the #1 RE/MAX Commercial broker in Illinois in 2022, 2024 and 2025.
What does commercial and industrial property sell for in Palatine?+
In the two years to June 30, 2026, the Village of Palatine recorded 50 arm’s-length sales of office, retail, commercial and industrial property, at a median price of $805,000. Retail and commercial buildings were 34 of the 50, at a median of $790,000; office sales were 9, at a median of $525,000; industrial sales were 7, at a median of $1,245,000. That report gives no per-square-foot figure. The county parcel record, a different source, is further down this page: 33 qualifying parcel sale entries with a disclosed price, 2024 to 2026, whose per-square-foot figures are recorded entries, not a market rate.
How long does it take to sell a commercial building in Palatine?+
Of the 50 sales in the two years to June 30, 2026, 19 sellers reported a marketing time: 5 never put the building on the market, and the 14 who marketed their building report a median of 6 months. Eight of the 14 sold within six months and 12 within a year; the other two reported 24 and 36 months. Each figure is the seller’s own estimate.
What zoning do I need to open a retail or restaurant business in Palatine?+
It depends on the zoning district of the specific address and on exactly what the business will do there. The zoning guide on this page maps common uses to Palatine’s districts; confirm any address and use with the Village of Palatine before you sign a lease or a purchase contract. Jason can check a specific address with you before you commit.
What are the main commercial corridors in Palatine?+
Rand Road (US-12) is the primary big-box and auto-retail corridor, joined by Northwest Highway (US-14) — where the village offers a Targeted Development Zone with fee incentives for redevelopment — and Dundee Road (IL-68). Downtown Palatine is a Metra-anchored transit-oriented development with restaurants, retail, and multifamily.
Can Jason help with industrial, flex, or office space in Palatine?+
Yes. Jason represents owners and tenants on industrial, flex, and office assignments throughout the northwest suburbs and underwrites investment sales. In the two years to June 30, 2026, the Village of Palatine recorded 7 arm’s-length industrial sales, at a median price of $1,245,000, and 9 office sales, at a median of $525,000.
How much of Palatine's commercial stock is industrial, and how much carries a Class 6b incentive?+
Of the 437 Palatine parcels with an assessor building type and a recorded building area, 102 (23%) are industrial types totalling 3,210,332 SF with a median of 12,081 SF per parcel; 236 (54%) are retail types totalling 3,344,420 SF with a median of 5,488 SF per parcel; 51 (12%) are office types totalling 307,210 SF with a median of 3,751 SF per parcel; 48 (11%) are other types totalling 1,968,275 SF with a median of 29,602.5 SF per parcel. 8 industrial parcels carry a Class 6b incentive and 3 sit in a TIF district, per the assessor record.
How many Palatine commercial parcels show no disclosed sale price?+
Of the parcels with a recorded building area, 51 of 102 industrial (50%); 144 of 236 retail (61%); 24 of 51 office (47%); 28 of 48 other (58%) carry no disclosed sale price in the records. A blank establishes neither that the parcel never transferred nor how long the owner has held it.

Thinking About Selling in Palatine?

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