MPI Sells a 10,800 SF Retail Showroom in Palatine for $1,000,000

Millennium Properties R/E, a premier boutique brokerage and property management company, announced that it recently brokered the sale of a multi-tenant retail showroom and center in Palatine for $1,000,000. The 10,800 square foot building, located in a highly visible area along Northwest Highway, includes three retail storefronts with a warehouse and storage space in back.

The building has frontage on Northwest Highway in Palatine where 30,750 cars pass by daily. Palatine is the seventh largest city in Cook County; this particular section of Northwest Highway is a strong commercial corridor for the city, with a number of retail and office spaces.

“This property is highly desirable for a variety of users with an easily accessible warehouse and storage space right behind the retail storefront,” said Brad Thompson, vice president of Millennium Properties. “In a growing suburb like Palatine, the high visibility that this location offers is a major asset. We were able to maximize value of the asset by finding an owner/user who could occupy the vacant space in the building while collecting income from the in-place tenants.”

Anne Barer

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