110 N. Brockway Street

110 N. Brockway Street, Palatine, IL 60067

Property Information

  • For Sale $5,395,000
  • Property Type Retail
  • Property Size 37,890 SF
  • Cap Rate % 7.43
  • NOI / YR $403,516.00
  • Zoning B-2
  • Year Built 2005
  • Date Updated Jun 15, 2026

Description

This Offering Memorandum has been prepared by Brockway RE Holding LLC to present the opportunity to acquire 110 N. Brockway Street, Palatine, Illinois (the “Property”). Information contained herein has been obtained from sources believed to be reliable; however, no representation or warranty is made as to the accuracy or completeness of such information. All financial projections are estimates only and are provided for illustrative purposes. Prospective purchasers should conduct their own independent investigation and rely solely on their findings. The Property is being offered for sale at an asking price of $5,395,000.

Some Brokers of Chicagoland Commercial, Inc. have an indirect minority ownership interest in the property.

Information contained herein has been obtained from the owners of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but do not guarantee it

Brockway RE Holding LLC is pleased to present the opportunity to acquire 110 N. Brockway Street, a fully leased, Class A mixed-use asset located in the heart of Downtown Palatine, Illinois. Constructed in 2005, the Property was purpose-built as a long-term anchor for Palatine’s downtown core and remains one of the most prominent station-adjacent commercial buildings along the Union Pacific Northwest Metra Line.

The three-story, approximately 30,000 square-foot above-grade building is 100% leased to a diversified mix of restaurant, financial, legal, and professional service tenants. The Property is anchored by Emmett’s Brewing Co., a long-standing regional destination restaurant operating at the location since 2005, with upper-level tenancy comprised primarily of financial services, wealth management, and professional firms that value visibility, accessibility, and proximity to commuter rail.

Recent operating results support a normalized Net Operating Income of approximately $403,516, reflecting full occupancy, disciplined expense management, non-recurring 2025 cost normalization, and improved property tax efficiency. The Property benefits from long-duration leases, staggered expirations, and minimal deferred maintenance, providing immediate income with limited operational risk.

Given its irreplaceable transit adjacency, Class A construction, and stabilized performance, ownership is offering the Property at pricing reflective of a 7.43% cap rate on normalized NOI. The offering presents an opportunity to acquire a best-in-class, transit-oriented asset at a basis well below replacement cost, with embedded upside through contractual rent escalations and long-term market growth.

Contacts

Randy Olczyk

Chicagoland Commercial Real Estate

Thomas Callahan

Chicagoland Commercial Real Estate

Location

Contact 110 N. Brockway Street
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