Listed by SURMOUNT
Undisclosed Rate
Vacant
Building Details
Property Type Land
Sub Type Commercial
Tenancy Single
Total Building SqFt 2,282
Spaces
Land | Single tenant
Building description
Surmount is pleased to present the exclusive listing for a vacant building located at 1207 West Northwest Highway, Palatine, IL 60067. The site was formerly operated by a national QSR chain and includes a drive-thru. The property consists of roughly 2,282 square feet of building space on an estimated 0.78-acre parcel of land, situated along one of the northwest suburbs' highest-traffic commercial corridors.
Building highlights
- Second-Generation Restaurant Conversion | This former restaurant offers an attractive opportunity for operators or investors to leverage existing infrastructure, including a commercial-grade kitchen, plumbing, and established dining layout. The property is well-positioned for immediate lease-up or a retrofit, significantly reducing upfront capital expenditures and accelerating time to market.
- Affluent, Highly Educated Consumer Base | The surrounding trade area features some of the strongest demographics in the Chicago suburbs, with average household incomes of $149,764 within three miles and $144,728 within five miles. Over 52% of residents within one mile hold a bachelor's degree or higher. Total specified consumer spending reaches $1.1B within three miles and $2.9B within five miles, reflecting an exceptionally deep and active retail market.
- Dense Multifamily and Residential Demand | The property benefits from immediate proximity to Albion on Northwest, a 301-unit luxury multifamily community offering studio through two-bedroom residences with modern finishes. This concentration of renters within walking distance creates a built-in, high-frequency customer base for food service, convenience retail, and personal care tenants.
- Strong Retail Synergy | Deer Grove Centre | The property is situated near Deer Grove Centre, a major power center anchored by Target, Home Depot, Hobby Lobby, and HomeGoods, alongside TJ Maxx, Petco, Aldi, and Ross. Additional national tenants including Chipotle, Starbucks, Jewel-Osco, McDonald's, Dunkin', and 7-Eleven reinforce the corridor's role as a convenience-driven destination with steady daily traffic.
Listing Contacts
Listed by SURMOUNT
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