- For Sale $5,395,000
- Property Type Mixed Use
- Property Size 37,890 SF
- Lot Size 0.59 Acre
- Cap Rate % 7.48
- NOI / YR $403,516.00
- Zoning B-2 Downtown Business/PUD
- # of Floors 3
- Building Class A
- Year Built 2005
- Date Updated Apr 27, 2026
- Construction Type Masonry & Steel
Description
110 N. Brockway Street offers investors the opportunity to acquire a fully leased, Class A mixed-use property in the heart of Downtown Palatine, Illinois. Constructed in 2005, this purpose-built asset combines retail and office uses within a walkable, transit-oriented environment directly adjacent to the Palatine Metra Station on the Union Pacific Northwest Line. The 37,890 square feet is anchored by Emmett’s Brewing Co., a long-standing regional destination restaurant, complemented by a diverse roster of financial, legal, and professional service tenants.
Net Operating Income of $403,516, . Ownership is offering the property at $5,395,000, representing an implied cap rate of approximately 7.48%
Highlights:
• Sale Price: $5,395,000 (7.48% Capitalization Rate)
• Architecturally distinct 37,890 SF Mixed Use Multi-Tenant Building ( Retail & Office) built in 2005
• 100% Occupancy with 2026 Scheduled Net Income of approx. $403,516
• Class A Building with tremendous upside in rents- “Best in Class” Location & Quality
• Proven Track record with Stable Historical occupancy consistently outperforming market
• Property is located approx. 2.5 Miles NW of Proposed Chicago Bears $6 Billion Stadium & redevelopment project
• Long Term Anchor Tenant (Emmett’s Brewing Company & Restaurant) operating since 2005
• Unmatched Downtown Palatine Location with Direct access to Metra Train
• Very Low Capex exposure- (City Owned Parking Lot with building owner parking rights) & 10,000 LSF Roof surface area limits unexpected future capital expenses
• Approx. 75% of the office suites have been refreshed in the prior 3-5 years
• Ideal for 1031 buyers & yield focused investors
• Opportunity for investor to retain current leasing & management company (Chicagoland Commercial RE) for a seamless transition
• Anchored by Long Term lease to Emmett's Restaurant & Micro Brew (17,890 SF) lease expire December 2034.
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
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Contacts
Chicagoland Commercial Real Estate
Chicagoland Commercial Real Estate