Map of Property

Northwest Commerce Center

Off-Market

315 South Hicks Road, Palatine, IL 60074

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 162,000 SF
  • Lot Size 18.1 Acre
  • Parking Spaces Avail. 657
  • Parking Ratio 4.06 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2020

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space		 Rent Price Lease
Type		 Space
Type		 Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross		 General
Office		 11/01/2014-
N/A
370 17th Street
#6000		 Morrison & Foerster,
(303) 592-1500		 10,710 SF $26/SF/YR Full
Service		 General
Office		 08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 22 Dec, 2020
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Palatine

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Palatine Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $19.77
  • 2022 Office Vacancy Rate 53.72%
  • 2022 Office Completions (SF)
View more Palatine market trends

Location

Getting Around

  • Walk Score ®

    41/100 Car-Dependent

  • Bike Score ®

    46/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Palatine, IL
  • Zip Code 60074
  • Market Chicago

Points of Interest

  • Palatine

    1.04 miles

  • Arlington Park

    1.37 miles

  • Arlington Heights

    2.83 miles

  • Mount Prospect

    5.71 miles

  • Wheeling

    5.84 miles

  • Barrington

    6.08 miles

  • Prospect Heights

    6.43 miles

  • Buffalo Grove

    6.48 miles

  • Cumberland

    7.09 miles

  • Prairie View

    7.60 miles

  • 7-Eleven Mobil Gas Station

    0.47 miles

  • Mobil

    0.52 miles

  • BP

    1.05 miles

  • Clark

    1.68 miles

  • EV Charger (Electric Car Parking)

    1.78 miles

  • Marathon

    1.96 miles

  • Speedway

    2.25 miles

  • Speedway

    2.47 miles

  • Shell

    2.51 miles

  • Delta Sonic Car Wash

    2.59 miles

  • Mariano's Fresh Market Parking Lot

    1.12 miles

  • Arlinton Park Parking Metra Station

    1.32 miles

  • Deer Grove - East Parking Lot

    2.72 miles

  • Deer Grove Parking Lot

    2.99 miles

  • P6

    3.05 miles

  • P7

    3.09 miles

  • Busse Center Garage

    3.13 miles

  • P2

    3.16 miles

  • Deer Grove Parking Lot

    3.17 miles

  • Emegency & Employee Garage

    3.21 miles

  • Spunky Dunkers

    0.42 miles

  • Siri Thai

    0.83 miles

  • Emmett's

    0.97 miles

  • Dairy Queen

    0.99 miles

  • Brown's Chicken

    1.00 miles

  • Subway

    1.02 miles

  • Baker's Square

    1.14 miles

  • Thai Cuisine

    1.17 miles

  • Ramen House Shinchan

    1.18 miles

  • Red Apple Pancake House

    1.30 miles

  • Jewel-Osco

    0.67 miles

  • Mariano's Fresh Market

    1.09 miles

  • Eurofresh Market

    1.54 miles

  • Dominick's 1144

    1.77 miles

  • Jewel-Osco

    1.88 miles

  • Target

    2.32 miles

  • ALDI

    2.35 miles

  • Jewel-Osco

    2.36 miles

  • ALDI

    2.45 miles

  • Walmart

    2.45 miles

  • Walgreens

    0.49 miles

  • Physicians Immediate Care

    0.51 miles

  • Palatine Fire Department

    0.76 miles

  • AMITA Health Medical Group Family Medicine Palatine

    1.05 miles

  • Palatine Police Department

    1.19 miles

  • CVS Pharmacy

    1.26 miles

  • CVS Pharmacy

    1.60 miles

  • Rolling Meadows Fire Department

    1.99 miles

  • Walgreens

    2.02 miles

  • Palatine Fire Department

    2.28 miles

Frequently Asked Questions

What is the total square footage of Northwest Commerce Center?

Northwest Commerce Center totals 162,000 square feet.

When was Northwest Commerce Center last sold?

Northwest Commerce Center was last sold on 22 Dec, 2020.

What is the property tax for Northwest Commerce Center?

The property tax for Northwest Commerce Center in 2022 was $974,193.

What is the market value for Northwest Commerce Center?

The market value* for Northwest Commerce Center in 2022 was $28,947,122.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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