500 N Plum Grove in Palatine, Illinois, is an excellent stand-alone commercial condominium building offering strong curb appeal, prominent frontage, and highly practical everyday access. Located along a main road, the property provides excellent visibility to passing traffic and creates a professional, welcoming first impression for clients, customers, and visitors.

The well-maintained brick building features a polished, durable exterior that supports long-term value and professional business use. The property includes approximately 100 common parking spaces, providing convenient access for tenants, employees, customers, visitors, and deliveries.

The building contains approximately 3,778 square feet and can be subdivided into up to three separate units. This layout offers flexibility for an owner-user, multiple professional tenants, or an investor seeking a multi-suite configuration. The property also features three HVAC units, supporting comfortable and efficient operating environments for the occupants.

Two tenants are currently in place. One tenant occupies approximately one-half of the building and pays $2,750 per month, while the other occupies approximately one-half of the remaining space and pays $1,800 per month. The existing areas can be partitioned or reconfigured, creating the potential for three separate units. Both tenants may remain in place or relocate with four months’ notice, providing flexibility for an owner’s preferred occupancy or leasing strategy.

In addition to excellent road access, the property is conveniently served by public transportation and is located near the train, enhancing accessibility for commuters, tenants, and clients. Its regional connectivity to major transportation routes further strengthens its appeal for businesses seeking visibility, parking, transit access, and adaptable commercial space.

Overall, 500 N Plum Grove offers a business-ready, stand-alone commercial condominium opportunity that combines a durable brick exterior, strong roadway frontage, abundant parking, flexible subdivision potential into three units, existing rental income, multiple HVAC systems, and convenient access to public transportation.