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$ 395,000
Est. payment | /mo
1,994 SqFt
$ 395,000
Est. payment | /mo
1,994 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,994 sqft
Price per Sqft $198
MLS Listing ID 12330395
Year Built 1954
Annual Tax Amount $6,809
Tax Year 2023
Lot Dimensions 34X127X25X127
Property Sub-Type Mixed Use
Property Description
Welcome to 218 E Hicks Place-an exceptional opportunity in the heart of Palatine that blends lifestyle flexibility with smart investment potential. Positioned just steps from Village Hall, parks, fields, pool, and the Metra train station, this mixed-use property offers unbeatable convenience and community connection. The building is thoughtfully divided into two distinct spaces: a charming, vintage 2-bedroom apartment on the upper level and a versatile retail unit on the main floor. Whether you're an entrepreneur searching for a storefront with visibility or an investor looking to generate dual income, this setup delivers. The upper unit offers a comfortable living space full of character-ideal for an owner-occupant or long-term tenant. The separate entrance allows privacy while maintaining easy access. Downstairs, the retail space features large front-facing windows and flexible interior square footage, ready to adapt to a variety of small business types-boutique, salon, studio, gallery, or office. For owner-occupants, the opportunity to live upstairs and run your business below creates a simple, cost-efficient setup with lower overhead and taxes. Investors will appreciate the dual-income streams and the property's location in a high-demand area with walkability and excellent transit access. This property is zoned to support mixed-use and sits in an established neighborhood that continues to grow in value. With easy access to highways and surrounding suburbs, this location also serves as a strategic hub for client access and commuter traffic. 218 E Hicks Place isn't just a property-it's a smart play for income, flexibility, and future growth.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Listed by Young Lee • Real Broker LLC
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Volodymyr Poshpur
Broker | License ID: 475.207267