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Industrial Flex Space with Yard
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305 N Eric Drive, Palatine, IL 60067

Commercial Lease, Palatine, IL

Space Size1,200 SF - 6,000 SF
Days on Market202

Property Features for 305 N Eric Drive

General Information

Property type Commercial Lease
Property subtype Retail
Directions Northwest Hwy to Smith St, north to Helen Rd, east to Eric Dr, south to property.
Subdivision Palatine
Standard status Active

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 78358

Utilities

Cooling system Central Air

Building Details

Year built 1995
Floors in Building 1
Listing Agency: Leading Edge Realty Advisors
Listed By: Christopher Demas
Added: Apr 9 Changed: Oct 10 Last Checked: Oct 27 at 6:06AM
MLS# 12614286

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This flex industrial property at 305 N Eric Drive provides 1,200–6,000 SF of space for lease, with a configuration suited to warehouse, contractor, service, and fitness uses. Drive-in door access supports equipment and material movement, while the fenced outdoor yard offers additional space for vehicles, equipment, or stored materials.

Built in 1995, the property includes central air conditioning and is located in Palatine, Illinois, within Chicago’s Northwest suburbs. The available size range accommodates smaller operators as well as businesses seeking a larger industrial footprint.

Key Highlights

  • 1,200–6,000 SF of flex industrial and warehouse space available
  • Drive‑in door access for equipment and material handling
  • Fenced outdoor yard for vehicle, equipment, or material storage

Property Analytics

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Current Use

AVI Electronics Corp Corporate Office Ultimate Plumbing Supply Department Store LM Property Solutions Construction Company

Suggested Use

Top Pick Hotel & Motel Storage Facility (Bike/Boat/Book/etc) Store Grocery & Convenience Store Clothing & Fashion Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Fenced yard
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,404
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60067, IL

39,324
Population
16,039
Households
2.5
Avg Household Size
43
Median Age
59%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
3,025
Density / Sq Mi
$121,572
Median Household Income
$64,520
Median Earnings
$1,521
Median Rent
$427,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Similar Off Market Nearby

  • georgia's soulfood catering — 830 W Northwest Hwy, Palatine, IL 60067
  • Rockin Rodizio — 2309, 773 n quentin rd, palatine, il 60067
  • Taco Shop — 809 N Quentin Rd, Palatine, IL 60067

Frequently Asked Questions

What type of property is this?
Flex space - Drive-in access and fenced outdoor storage support contractor and warehouse operations.
Where is this flex space located?
The property is located at 305 N Eric Drive Palatine, IL.
What are key features of this property?
This property features: 1,200–6,000 SF of flex industrial and warehouse space available; Drive‑in door access for equipment and material handling; Fenced outdoor yard for vehicle, equipment, or material storage
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