Palatine, IL Commercial Real Estate for Lease and Sale

Explore 45 listings of Palatine commercial real estate for lease and for sale to find the best space for your business.

Northwest Shopping Center

423 - 585 E. Dundee Road, Palatine, IL
Property

Mixed Use

101,172 SF
Availability

7 Spaces

10,188 SF
For Lease Contact for pricing
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Industrial Owner/User Investment Opportunity

345 N. Eric Drive, Palatine, IL
Property

Industrial

35,175 SF
Year Built

1970
For Sale

$2,208,000
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Regency Plaza

Quentin Rd & Euclid Ave, Palatine, IL
Property

Retail
Availability

13 Spaces

36,516 SF
For Lease Contact for pricing
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20073 N Hazelcrest Rd

20073 N Hazelcrest Rd, Palatine, IL
Property

VacantLand
For Sale

$799,000
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800 East Northwest Hwy

800 East Northwest Hwy, Palatine, IL
Property

Office

136,603 SF
Availability Contact for availability
Year Built

1973
For Lease Contact for pricing
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4949 Euclid Ave

4949 Euclid Ave, Palatine, IL
Property

Office

11,440 SF
Availability

2 Spaces

6,000 SF
Year Built

1992
For Lease

$18.00 - $21.00/SF/YR
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1720 N Rand Rd

1720 N Rand Rd, Palatine, IL
Property

Retail

12,689 SF
Year Built

1976
For Sale

Subject To Offer
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50 North Brockway Street

50 North Brockway Street, Palatine, IL
Property

Office

41,343 SF
Availability

5 Spaces

4,924 SF
Year Built

1972
For Lease

$16.00 - $17.50/SF/YR
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Gateway Center

220 North Smith Street, Palatine, IL
Property

Office

101,827 SF
Availability

6 Spaces

29,677 SF
Year Built

2002
For Lease

$28.90/SF/YR
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2000-2060 East Algonquin Road

2000-2060 East Algonquin Road, Schaumburg, IL
Property

Office

100,500 SF
Availability

3 Spaces

22,450 SF
Year Built

1981
For Lease

$15.50/SF/YR
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Dealership & Retail Strip Center For Sale

2015 N Rand Rd, Palatine, IL
Property

Retail

53,000 SF
Availability

2 Spaces

69,100 SF
Year Built

1986
For Lease Contact for pricing
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800 East Northwest Hwy

800 East Northwest Hwy, Palatine, IL
Property

Office

136,603 SF
Availability

48 Spaces

83,922 SF
Year Built

1973
For Lease

$3.29 - $17.00/SF/YR
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1703-1715 N. Rand Road

1703-1715 N. Rand Road, Palatine, IL
Property

Retail

3,314 SF
Availability

3 Spaces

3,314 SF
For Lease

$1,805.00 - $3,020.00/MO
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Rand Road Development

1402 North Rand Road, Palatine, IL
Property

Retail
Availability

1 Space

4,800 Acre
For Lease Contact for pricing
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Dealership & Retail Strip Center For Sale

2015 N Rand Rd, Palatine, IL
Property

Retail

53,000 SF
Year Built

1986
For Sale

Subject To Offer
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90-124 W Northwest Hwy

90-124 West Northwest Hwy, Palatine, IL
Property

Retail

16,000 SF
Availability

3 Spaces

3,563 SF
Year Built

2006
For Lease

$16.00 - $18.50/SF/YR
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110 North Brockway Street

110 North Brockway Street, Palatine, IL
Property

Office

40,000 SF
Availability

1 Space

4,916 SF
Year Built

2004
For Lease

$22.75 - $23.75/SF/YR
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The Shops of Palatine

948 Dundee Rd, Palatine, IL
Property

Retail

4,410 SF
Availability

2 Spaces

4,410 SF
For Lease Contact for pricing
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1990 E. Algonquin Road

1990 E. Algonquin Road, Schaumburg, IL
Property

Office

25,484 SF
Availability

4 Spaces

10,290 SF
Year Built

1986
For Lease

$14.50/SF/YR
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English Valley Business Center

237-285 W. Dundee Road, Palatine, IL
Property

Mixed Use

20,994 SF
Availability

1 Space

4,000 SF
For Lease Contact for pricing
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605-741 E Dundee Rd

605-741 E Dundee Rd, Palatine, IL
Property

Retail

21,259 SF
Availability

4 Spaces

21,259 SF
For Lease Contact for pricing
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Shops at Kildeer

North Rand Rd & West Long Grove Rd, Kildeer, IL
Property

Retail

170,000 SF
Availability

2 Spaces

36,158 SF
For Lease Contact for pricing
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Deer Grove Centre

615 East Dundee Road, Palatine, IL
Property

Retail

357,644 SF
Availability

4 Spaces

21,259 SF
Year Built

1997
For Lease Contact for pricing
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1720 N Rand Rd

1720 N Rand Rd, Palatine, IL
Property

Retail

15,000 SF
For Sale Contact for pricing
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Palatine Plaza

211 - 333 E Northwest Hwy, Palatine, IL
Property

Retail

137,187 SF
Availability

2 Spaces

16,610 SF
For Lease Contact for pricing
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237-285 W Dundee Rd

237-285 W Dundee Rd , Palatine, IL
Property

Retail

5,032 SF
Availability

2 Spaces

5,032 SF
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Palatine commercial real estate market incorporates 599,860 square feet of office space across 9 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Palatine commercial real estate market includes 1,062,067 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Palatine market, there is a total of 485,072 square feet of industrial property.

The listing inventory in Palatine incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Palatine is represented by Retail space, which accounts for 209,283,383 square feet of available listings. Industrial space available in Palatine adds up to 170,553 square feet.

Meanwhile, most of the listings of commercial property for sale in Palatine are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Palatine is $16.6 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Palatine can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Palatine, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $21 per square foot. In particular, the property type commanding the highest lease rates in Palatine was Office space.

The average size of a commercial property in Palatine depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Palatine, the average size of an office property is 66,652 square feet.
Retail properties here incorporate an average of 62,475 square feet.
Industrial space in Palatine is in buildings that are, on average 69,296 square feet in size.

Palatine, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Palatine currently add up to 209,636,363 square feet. The market offers 9 active office listing(s), which amount to 168,239 square feet and account for 27% of commercial spaces on the market. Local retail availability includes 209,283,383 square feet across 17 retail space(s). Industrial space for rent opportunities in Palatine amount to 170,553 square feet across a total of 5 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	9	168,239
Retail	17	209,283,383
Industrial	5	170,553
Other	2	14,188

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Palatine, IL. Currently, there is 550,732 square feet of commercial property for sale here , which includes , 3 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Retail	3	80,689
Industrial	2	187,543
Other	6	282,500

Palatine, IL Commercial Real Estate for Lease and Sale

Northwest Shopping Center

Industrial Owner/User Investment Opportunity

Regency Plaza

20073 N Hazelcrest Rd

800 East Northwest Hwy

4949 Euclid Ave

1720 N Rand Rd

50 North Brockway Street

Gateway Center

2000-2060 East Algonquin Road

Dealership & Retail Strip Center For Sale

800 East Northwest Hwy

1703-1715 N. Rand Road

Rand Road Development

Dealership & Retail Strip Center For Sale

90-124 W Northwest Hwy

110 North Brockway Street

The Shops of Palatine

1990 E. Algonquin Road

English Valley Business Center

605-741 E Dundee Rd

Shops at Kildeer

Deer Grove Centre

1720 N Rand Rd

Palatine Plaza

237-285 W Dundee Rd

Frequently Asked Questions

Palatine, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Palatine, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Palatine, IL?

What factors affect the price of commercial real estate in Palatine, IL?

What is the average rent for commercial space in Palatine, IL?

What are the best areas for commercial real estate in Palatine, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Palatine, IL?

Palatine, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us