220 N Smith St, Palatine, IL 60067 Property Records

Cook County property record for 220 N Smith St, Palatine, IL 60067

Property Summary

Property TypeCommercial Building, Warehouse, Showroom
Details104,895 sqft · built 2006
Lot Size1.08 acres (47,045 sqft)
OwnerCompany Name on Record
Last Sale$10,955,000 (Dec 2003)
Tax Bill$641,968 (2023)
Deeds & MortgagesJan 2020 Line of Credit
Dec 2017 Line of Credit
+ 1 more
Flood ZoneZone X (minimal risk)
APN02-15-400-054

Property Details

APN / Parcel Number

Primary APN02-15-400-054
Alternative APN
  • 02-15-400-054-0000

Interior

Units69 Units
Building Area104,895 sqft Gross Area

Exterior

Year BuiltBuilt 2006
Effective Year BuiltEffective 2006
Lot Area47,045 sqft

Location & Zoning

Street Address220 N SMITH ST
CityPALATINE
StateIL
Zip60067-8500
Property CategoryCommercial
Property TypeCommercial > Retail > Commercial Building, Warehouse, Showroom
Legal Range10E
Legal Township42N
Legal Section15
Legal SubdivisionGATEWAY CENTER
Legal Lot Number1
JurisdictionCOOK IL
Township / Civil DivisionPALATINE
Census Block Group2
Census Block2006
Census Tract803701

Owner

Source: Cook County records, as of July 2, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordCompany Name on Record
Mailing Address300 PARK BLVD, 201, ITASCA, IL 60143-3106
Owner TypeCompany
VestingPartnership

Deeds, Mortgages & Sale History

DateDocument
Jan 15, 2020Deed of Trust, Mortgage · Line of Credit
MISCELLANEOUS INS CO
Dec 27, 2017Grant Deed, Mortgage · Line of Credit
SCHAUMBURG BK&TR CO NA
Oct 1, 2016Loan Modification, Mortgage
MISCELLANEOUS INS CO

Assessor's Deed Record

Deed NamesName on Deed
Last SaleDec 12, 2003 · Amount on Record
Deed SaleDec 12, 2003 · Amount on Record
Deed Document Number20032100
Prior Transfer DateOct 29, 2003
Prior Transfer Doc0000002100
Record UpdatedOct 29, 2026

January 2020: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionCOOK IL
Property Address220 N SMITH ST, PALATINE, IL 60067-8500
Document Number2001506174
Instrument DateJan 15, 2020
Transaction TypeMortgage
Record UpdatedFeb 4, 2020
Title CompanyATTORNEY ONLY

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address300 PARK BLVD #201 ITASCA IL 601433106, 201, ITASCA, IL 60143-3106

Mortgage

Document Number2001506174
DateJan 15, 2020
Instrument1506174
Lender
NameMISCELLANEOUS INS CO
Address16600 SWINGLEY RIDGE RD, CHESTERFIELD, MO 63017-1706
Agreement
TypeLine of Credit
AmountAmount Recorded
Term120 Months
DueJan 14, 2030
Interest
Rate TypeAdjustable Rate
Rate3.85%

December 2017: Grant Deed, Mortgage

Document TypeGrant Deed
JurisdictionCOOK IL
Recording DateDec 27, 2017
Property Address220 N SMITH ST, PALATINE, IL 60067-8500
Document Number1736118014
Instrument DateDec 22, 2017
Instrument36118014
Transaction TypeMortgage
Record UpdatedJan 8, 2018
Title CompanyOTHER

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address300 PARK BLVD #201 ITASCA IL 601433106, 201, ITASCA, IL 60143-3106

Mortgage

Document Number1736118014
DateDec 27, 2017
Instrument36118014
Lender
NameSCHAUMBURG BK&TR CO NA
TypeBank
Address1145 N ARLINGTON HEIGHTS RD, ITASCA, IL 60143-3171
Agreement
TypeLine of Credit
AmountAmount Recorded
Term60 Months
DueDec 26, 2022
Interest
Rate TypeAdjustable Rate

October 2016: Loan Modification, Mortgage

Document TypeLoan Modification
JurisdictionCOOK IL
Property Address220 N SMITH ST, PALATINE, IL 60067-8500
Document Number1712245044
Instrument DateOct 1, 2016
Transaction TypeMortgage
Record UpdatedMay 12, 2017
Title CompanyOTHER

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address300 PARK BLVD #210 ITASCA IL 601432682, 210, ITASCA, IL 60143-2682

Mortgage

Document Number1712245044
DateMay 2, 2017
Instrument12245044
Lender
NameMISCELLANEOUS INS CO
Address7 HANOVER SQ, NEW YORK, NY 10004-2616
Agreement
AmountAmount Recorded
Term12 Months
DueMay 1, 2018

Tax Assessment & Valuation

Source: Cook County assessment roll, as of May 27, 2026

Property Jurisdictions

TypeName
StateIllinois
CountyCook County
County SubdivisionPalatine Township
MunicipalityPalatine Village
Elementary School DistrictPalatine Community Consolidated School District 15 (PK - 08)
Secondary School DistrictTownship High School District 211 (09 - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$2,332,500 (+21.86%) Land $152,295 Building $2,180,205$9,330,000 (+21.86%) Land $609,180 Building $8,720,820
2023$641,968.00 (+17.1%)
2022$548,220.00$1,914,141 Land $152,295 Building $1,761,846$7,656,564 Land $609,180 Building $7,047,384

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective February 11, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Community Rating SystemClass 7 (15% premium discount)
Nearby Flood Policies1 in force
Nearby Flood Claims1 (2013)
Claims Outside the SFHA1 of 1
Most Recent ClaimJun 2013 · river or lake flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemPALATINE
serves 70,875 people · EPA ID IL0312340
Water SourcePurchased surface water from NORTHWEST WATER COMMISSION
Last State InspectionFeb 2026
Lead9 ppb (2026)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 405 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable
2,000 / 250
Verizon
Fixed Wireless
1,000 / 75
T-Mobile
Fixed Wireless
100 / 20
AT&T
DSL · Fiber, Fixed Wireless in parts of the area
100 / 20

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