High Visibility Development Opportunity

309 E Palatine Road, Prospect Heights, IL 60070

  • For Sale $895,000
  • Property Type VacantLand
  • Lot Size 1.4 Acre
  • Date Updated Feb 21, 2024
Located in the heart of Chicago’s prestigious northern suburbs, Wheeling is a diverse and dynamic community of 40,000 people, distinguished by its unique balance of industry, commercial development, and residential neighborhoods. Wheeling is known regionally and nationally as the home of the Milwaukee Avenue “Restaurant Row,” and is also the part-owner of Chicago Executive Airport, the third-busiest airport in Illinois. Wheeling boasts a wide selection of housing options to serve the needs of potential residents, including world-class luxury condominiums, affordable rental properties in a variety of sizes, and single-family homes on tree-lined streets. Commuters benefit from easy access to Interstate 294, as well as from Metra rail service on the North Central Line via the Wheeling Metra Station. Wheeling residents enjoy convenient access to grocery stores and shopping centers, health care facilities, places of worship, and award-winning public schools. Wheeling Park District and Cook County Forest Preserve facilities also provide opportunities for recreation and for restorative contact with the natural world. Property has a Prospect Heights mailing address. Prospect Heights continues to grow and assume a new character. In addition to the single-family half-acre homes, the city now proudly includes a multifamily area, as well as increasing numbers of businesses and centers of economic development. As the city continues to evolve and grow, it does so with a commitment to character and to the residents and businesses who reside within its borders.Highly Visible 1.4 Acre Land Site. Located at the Southwest corner of Palatine and Wheeling Roads. The land sits on a fully signalized intersection with curb cuts on Palatine frontage road and capability of Ingress/Egress both on Wheeling Rd. Traffic count on Palatine Road is 39,400 cars per day. This location boasts strong area demographics and is located less than 2 miles to NWC Wheeling Metra station and Less than 4 miles to the Arlington Heights Metra Rail Station. Surrounded by dense residential and retail, the property has good access I-294, Rt. 53, RT 83 and I-90.

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Attachments

Highlights

  • Highly Visible 1.4 Acre Land Site
  • Zoned B-3
  • Fully Signalized Intersection
  • 39,400 VPD on Palatine Road
  • Strong Demographics

Contacts

broker

Albert M. Lindeman

SVN | Chicago Commercial

(312) 756-7352

Location

Getting Around

  • Walk Score ®

    28/100 Car-Dependent
  • Transit Score ®

    20/100 Minimal Transit
  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City Prospect Heights, IL
  • Neighborhood Prospect Heights
  • Zip Code 60070
  • Market Chicago

Points of Interest

  • Prospect Heights

    1.56 miles

  • Wheeling

    1.90 miles

  • Mount Prospect

    3.23 miles

  • Arlington Heights

    3.35 miles

  • Cumberland

    4.00 miles

  • Buffalo Grove

    4.22 miles

  • Arlington Park

    4.23 miles

  • Des Plaines

    5.16 miles

  • Northbrook

    5.28 miles

  • Lake Cook Road

    5.34 miles

  • Shell

    1.05 miles

  • Marathon

    1.06 miles

  • Citgo

    1.08 miles

  • Mobil

    1.69 miles

  • BP

    1.70 miles

  • Mobil

    1.74 miles

  • BP

    1.80 miles

  • Costco Gasoline

    1.93 miles

  • Thorntons

    2.04 miles

  • Citgo

    2.12 miles

  • Pace Buffalo Grove Park & Ride

    4.27 miles

  • P2

    4.27 miles

  • Arlinton Park Parking Metra Station

    4.28 miles

  • Visitor Garage

    4.29 miles

  • P7

    4.34 miles

  • Busse Center Garage

    4.39 miles

  • P6

    4.40 miles

  • Parking Garage

    4.42 miles

  • Emegency & Employee Garage

    4.43 miles

  • Buffalo Creek Forest Preserve parking

    4.67 miles

  • Candlewood Suites

    0.82 miles

  • Ramada Plaza by Wyndham Chicago North Shore

    1.77 miles

  • Hampton Inn and Suites- Mount Prospect

    1.78 miles

  • Holiday Inn Express & Suites Prospect Heights

    2.00 miles

  • Motel 6 Prospect Heights

    2.04 miles

  • Holiday Inn

    2.04 miles

  • Hilton Chicago/Northbrook

    2.42 miles

  • Crowne Plaza Chicago-Northbrook

    2.44 miles

  • The Westin Chicago North Shore

    2.99 miles

  • Courtyard Chicago Glenview/Northbrook

    3.34 miles

  • Marco's Pizza

    1.37 miles

  • Buffalo Wild Wings

    1.52 miles

  • Steak 'n Shake

    1.52 miles

  • Phillipino

    1.63 miles

  • Jimmy John's

    1.67 miles

  • Dairy Queen

    1.68 miles

  • McAlister's Deli

    1.71 miles

  • Panera Bread

    1.71 miles

  • MOD Pizza

    1.79 miles

  • Dunkin'

    1.79 miles

  • Saint Alphonsus School

    0.36 miles

  • Betsy Ross Elementary School

    1.00 miles

  • South Prospect Heights School

    1.02 miles

  • MacArthur Middle School

    1.09 miles

  • Harper College Northeast Center

    1.12 miles

  • Dwight D Eisenhower Elementary School

    1.26 miles

  • Wheeling High School

    1.34 miles

  • Mark Twain Elementary School

    1.44 miles

  • Euclid Elementary School

    1.53 miles

  • John Hersey High School

    1.59 miles

  • KinderCare

    2.02 miles

  • Kiddie Garden Child Care Center

    5.28 miles

  • Children's Land Learning Center

    5.64 miles

  • Knowledge Beginnings

    5.73 miles

  • Homey-Home Day Care

    6.53 miles

  • Bright Horizons

    6.79 miles

  • KinderCare

    7.14 miles

  • Kindercare

    8.05 miles

  • Kindercare

    8.73 miles

  • Learning Experience Childcare

    9.07 miles

Frequently Asked Questions

What is the lease rate for High Visibility Development Opportunity?

Rental asking rate at High Visibility Development Opportunity is $447,500.00/YR.

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Contact Listing Broker

broker

Albert M. Lindeman

SVN | Chicago Commercial

(312) 756-7352