.

Developer Seeks Tenant for Old Menards Building

What business would you like to see move into the old Menards store building at 1775 Rand Road in Palatine? Let us know in the comments section.

FOLLOW Palatine Patch on Facebook

There could soon be a new tenant in the old Menards store at 1775 N. Rand Road. 

On Monday, the Palatine village council voted to give First Rockford Group Inc. a year to find a buyer for the property, according to the Daily Herald. The village bought the property in 2009 after Menards moved to Long Grove, closing its Palatine location, the Daily Herald reports. 

If First Rockford Group Inc. finds a buyer, the developer will purchase the property from the village for $6 million — paying half upfront and the rest through sales generated by the business, according to the newspaper report. 

So far, the developer has been in "serious talks with a limited-assortment grocery store" and has spoken with a furniture store and rug store about occupying the space, according to the Daily Herald. 

Read more on the Daily Herald


What business would you like to see move into the old Menards store building at 1775 Rand Road in Palatine? Let us know in the comments section. 

Bulls847 July 16, 2014 at 11:18 AM
Lowes home improvement would be a perfect fit. It would complete the home improvement market. It would give Palatine consumers more options. It would also be a blow to long grove and Menards

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »