Real estate listing preview #1Real estate listing preview #2Real estate listing preview #3Real estate listing preview #4Real estate listing preview #5Real estate listing preview #6Real estate listing preview #7Real estate listing preview #8Real estate listing preview #9Real estate listing preview #10Real estate listing preview #11Real estate listing preview #12
listing
1 of 12
CommercialFor Sale
$395,000
218 N Hicks Place
Palatine, IL 60067
Courtesy of Real Broker LLC
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID
1,994Sq Ft
Est. Mortgage
$2,139/mo

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.

Get in touch

Based on information submitted to the MLS GRID as of 05/13/2025 07:18 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Some IDX listings may have been excluded from this website. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MTP or MRED, and that the use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
Community / School Information