Buy, Sell, & Lease Industrial Space in Palatine, IL

Palatine, IL offers a strong mix of affordability, accessibility, and operational flexibility for businesses seeking industrial real estate in Chicago’s northwest suburbs. Located near the junction of Route 53, Northwest Highway (U.S. 14), and with easy access to I-90 and I-290, Palatine is a strategic location for light manufacturing, warehousing, last-mile logistics, and service-based operations.

The industrial market in Palatine is well-suited for small to mid-sized users looking for value and scalability. The area features a diverse inventory of traditional masonry warehouses, multi-tenant flex properties, and small-bay buildings ideal for local contractors, specialty manufacturers, and distributors who serve both suburban and metro-area customers.

Whether you’re looking to buy an owner-user facility, lease high-functioning industrial space, or sell an underutilized asset, Palatine offers a compelling proposition. With access to a deep labor pool, strong commuter transit options, and continued local investment in commercial infrastructure, Palatine remains a smart and sustainable choice for industrial occupiers and investors seeking long-term value in the northwest suburbs.

As Vice President of Sales and Leasing, Gordon Lamphere J.D. guides our industrial real estate brokerage team.

Gordon’s advice is regularly featured in local and national press, and industry leaders recognize him as an industrial real estate expert.

He hosts Chicagoland’s Top Commercial Real Estate Podcast (The Real Finds Podcast) and is globally recognized for his industrial transactional and commercial real estate marketing expertise.

• Listen To The Podcast
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How We Serve Your Industrial Real Estate Needs in Palatine

Access Off-Market Opportunities: Palatine is a highly active industrial submarket with consistent demand and limited turnover, particularly among small-bay warehouses, contractor spaces, and flex properties near Route 53 and Northwest Highway. Many of the most attractive opportunities never reach the public market. Through strong, long-standing relationships with local owners, landlords, and developers, we provide our clients with exclusive access to off-market listings—helping you secure value ahead of the competition.

Negotiate Favorable Terms: Whether you’re leasing a multi-tenant unit, acquiring a manufacturing facility, or preparing to sell an industrial building in Palatine, negotiating favorable terms is critical. We help clients secure tenant improvement allowances, flexible lease conditions, early occupancy, and strong pricing strategies. In a competitive and diverse market like Palatine, our deep transactional experience helps you find—and hold—your advantage.

Navigate Zoning and Permitting Challenges: Palatine’s industrial zones span legacy facilities, mixed-use corridors, and developing business parks. We assist clients in navigating local zoning requirements, permitting processes, and any site constraints related to infrastructure or reuse. Whether you’re planning a new use or updating an existing facility, we work directly with municipal officials and consultants to streamline approvals and avoid delays.

Deliver Real-Time Market Insights: The Palatine industrial market continues to evolve, shaped by shifting logistics demands, service-sector growth, and northwest suburban migration from denser submarkets. We track absorption trends, lease rate shifts, tenant turnover, and redevelopment projects to ensure you’re working from the most current and relevant data, whether you’re buying, selling, or leasing.

We’re Here to Help: From strategic planning to transaction execution, Van Vlissingen & Co. is your industrial real estate partner in Palatine. Whether you’re expanding into the market, repositioning an asset, or evaluating a lease renewal, we offer the expertise, relationships, and insights to help you make confident, profitable decisions.

Buying Industrial Space in Palatine

Why Buy Industrial Real Estate in Palatine?

Palatine presents a strong opportunity for industrial real estate buyers seeking value, scale, and access in Chicago’s northwest suburban corridor. With direct proximity to Route 53, U.S. 14 (Northwest Highway), and just minutes from I-90 and I-290, Palatine is well-positioned for light manufacturing, regional warehousing, service-based operations, and last-mile distribution.

Palatine’s industrial inventory includes a range of property types—from legacy masonry warehouses and contractor bays to mid-sized multi-tenant flex buildings. These facilities often offer dock and drive-in loading, clear ceiling heights between 14′ and 22′, and strong utility infrastructure. For owner-users and investors alike, Palatine provides a cost-effective alternative to more saturated submarkets like Elk Grove Village or Schaumburg, while still offering excellent workforce access and regional reach.

As demand grows for well-located suburban industrial space, Palatine offers a rare mix of affordability, functionality, and room to grow, making it an ideal option for buyers looking to establish or expand in the northwest suburbs.

Key Considerations for Palatine Industrial Buyers

Proximity to Transportation: Palatine offers strong regional access via Route 53, I-90, and U.S. 14, with nearby access to O’Hare International Airport and key intermodal freight routes. Whether you’re managing local deliveries or coordinating regional logistics, Palatine offers seamless connectivity.

Zoning and Compliance: Zoning in Palatine supports a variety of industrial uses, including warehousing, light manufacturing, service operations, and flex space. We assist buyers in evaluating zoning regulations, reviewing permitted uses, and identifying any permitting considerations for property upgrades or change-of-use scenarios.

Property Condition: Palatine’s industrial buildings range in age and condition. Many properties are well-built but may require modern improvements. We help buyers assess roofs, HVAC, electrical capacity, dock configurations, and environmental history to ensure the asset fits your operational and capital plans.

Room for Expansion: Unlike denser inner-suburban markets, Palatine still offers opportunities for parcel expansion, adjacent lot acquisition, and creative reconfiguration. We help identify properties that can evolve with your business, so your investment remains a long-term asset.

Selling Industrial Space in Palatine

Maximizing the Value of Your Industrial Property

Selling industrial property in Palatine offers a strategic opportunity to capitalize on growing demand in one of Chicago’s most accessible and business-friendly northwest suburbs. With proximity to Route 53, I-90, and U.S. 14, Palatine continues to attract owner-users, regional service providers, and industrial investors seeking scalable, cost-effective assets outside the more saturated O’Hare and Schaumburg submarkets.

At Van Vlissingen & Co., we specialize in helping Palatine property owners unlock maximum value through market positioning, buyer targeting, and deal execution. We maintain trusted relationships with a wide range of qualified buyers—including institutional funds, private investors, and end-users—ensuring your listing reaches the right audience and generates meaningful traction.

Steps to Selling Industrial Space in Palatine

Property Evaluation: We begin with a comprehensive property assessment, considering local comps, building specs, occupancy status, and municipal zoning. Palatine’s industrial market includes a variety of small-bay, multi-tenant, and owner-occupied buildings. We leverage real-time data and transaction history to create a pricing strategy that balances speed and profitability.

Effective Marketing: Our marketing approach emphasizes what makes your asset stand out—whether that’s high visibility, drive-in loading, divisible configurations, or location near Route 53 and major business parks. We use a mix of digital platforms, direct outreach, and our proprietary buyer network to attract attention from serious, qualified prospects.

Negotiation and Closing: We manage the entire deal cycle—from fielding offers and vetting buyers to coordinating inspections, zoning review, environmental due diligence, and final closing. Our team anticipates hurdles, solves issues quickly, and ensures your transaction is smooth, compliant, and aligned with your financial goals.

Leasing Industrial Space in Palatine

Flexible Leasing Options for Growing Businesses

Leasing industrial space in Palatine offers businesses a smart, scalable location in one of Chicago’s most accessible northwest suburban submarkets. With immediate access to Route 53, U.S. 14 (Northwest Highway), and proximity to I-90, Palatine is a logistics-friendly hub for companies involved in light manufacturing, warehousing, e-commerce, and service-oriented operations.

Palatine’s industrial market is especially attractive to small and mid-sized users looking for affordable, functional space with room to grow. The area features a variety of single-tenant warehouses, multi-tenant flex buildings, and contractor-style bays, often located within established industrial parks. Whether you’re launching a new facility, serving regional clients, or expanding into a more efficient footprint, Palatine offers the space and flexibility to support long-term success.

Palatine Leasing Considerations

Lease Structure: Industrial leases in Palatine are commonly offered as gross, modified gross, or triple-net (NNN). Each lease type has different implications for how taxes, insurance, and maintenance costs are handled. We work closely with you to identify the right lease structure based on your operating budget, risk profile, and business goals.

Lease Term: Palatine landlords are often willing to offer flexible lease terms tailored to the needs of growing companies. Whether you’re looking for short-term occupancy or a multi-year agreement, we help you review key clauses such as renewal options, rent adjustments, and early termination rights—ensuring your lease supports rather than restricts your business.

Tenant Improvements: Many Palatine property owners provide tenant improvement (TI) allowances to support customization. From lighting upgrades and loading dock adjustments to new HVAC systems and office buildouts, we negotiate improvements that help you hit the ground running and increase operational efficiency from day one.

Expansion Opportunities: Palatine offers a range of spaces within business parks and larger multi-tenant properties, giving you the opportunity to expand in place or nearby as your business scales. We help you identify buildings with layout flexibility or long-term growth potential to reduce future relocation risk.

Why Work with Our Team in Palatine

Local Market Expertise: Navigating the industrial real estate market in Palatine requires an understanding of local zoning codes, flex inventory, legacy industrial corridors, and redevelopment potential. Our team specializes in Palatine and the broader northwest suburban market, helping businesses buy, lease, and reposition industrial space with precision and confidence. Whether you need a contractor bay, distribution hub, or owner-user facility, we provide tailored guidance that aligns your real estate strategy with your operational goals and growth outlook.

Access to Off-Market Opportunities: Palatine’s industrial market is active, yet inventory turnover remains limited—especially in well-located, small-to-mid-sized buildings. Many of the most functional spaces, including flex warehouses and multi-tenant assets, never hit public platforms. Through our long-standing relationships with owners, brokers, and developers in the area, we provide clients with early access to off-market deals that create real advantages in competitive situations.

Data-Driven Insights: We track the Palatine industrial market closely—monitoring lease rates, tenant migration patterns, absorption trends, and municipal development initiatives. Our data-backed approach ensures you’re making fully informed decisions—whether you’re preparing to lease, exploring a sale, or analyzing investment opportunities. We show you where demand is shifting and how to position your asset or requirement to take advantage of it.

We’re Here to Help: Whether you’re scaling into Palatine, repositioning an existing asset, or exploring your next facility, Van Vlissingen & Co. delivers the strategic vision, hands-on service, and market intelligence to help you succeed. From site selection to final negotiations, we’re your trusted partner for industrial real estate in the northwest suburbs.

Amenities in Palatine, IL

Palatine combines suburban scale with exceptional infrastructure, offering a balanced environment for industrial and flex users seeking connectivity, affordability, and access to workforce talent in Chicago’s northwest suburbs. With direct access to Route 53 and I-90, proximity to O’Hare International Airport, and a pro-business local government, Palatine continues to attract logistics, light manufacturing, and service-based operations.

Rand Road & Northwest Highway Corridors: Palatine’s primary commercial corridors—Rand Road (US-12) and Northwest Highway (US-14)—feature a robust mix of national retailers, grocers, auto service businesses, restaurants, and banking institutions. These corridors offer practical, everyday access to amenities for employees and suppliers, while enhancing the visibility of nearby industrial and commercial sites.

Downtown Palatine & Community Core: The revitalized Downtown Palatine area includes a Metra station on the Union Pacific Northwest Line, walkable restaurants and cafés, local breweries, professional services, and public gathering spaces. For industrial employers nearby, this provides an attractive amenity base for recruitment and employee satisfaction—especially for companies emphasizing culture, accessibility, and local engagement.

Highway Access & Logistics Efficiency: With fast connections to I-90 via Route 53 and proximity to I-294, Palatine is a strategic hub for regional and last-mile distribution. Industrial users benefit from reduced congestion compared to inner-suburban alternatives, while still maintaining efficient reach to Chicago, O’Hare, and key freight corridors.

Business-Friendly Environment: Palatine’s industrial zones offer flexible zoning, competitive tax rates, and a range of building options—from small-bay flex to mid-size distribution. The village works actively with developers and employers to streamline approvals, making it a compelling alternative to more congested or higher-cost markets nearby.

Contact Us Today

Ready to explore industrial real estate opportunities in Palatine, IL? Our commercial real estate agents and property management professionals are here to help. Contact Van Vlissingen & Co. today to learn how we can support your goals in one of the North Shore’s most dynamic industrial markets.