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

Commercial Lease, Palatine, IL

Space Size1,200 SF - 14,200 SF
Days on Market156

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 · License #471019127
Added: Apr 9 Changed: Aug 20 Last Checked: Sep 11 at 11:06AM
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.

Investment Insights

Based on property information with market context.

Located at 305 N Eric Drive in Palatine, Illinois, this flex property provides industrial and warehouse space for lease in a range of configurations from 1,200 to 14,200 square feet. The building was constructed in 1995 and features central air conditioning.

A drive-in door supports warehouse and contractor operations, while the fenced outdoor yard provides space for vehicles, equipment, or materials. The property is suited to contractor, warehouse, service, and fitness uses, with flexible space for smaller or expanding businesses in the Northwest Chicago suburbs.

Key Highlights

  • 1,200 - 14,200 SF of industrial and warehouse space available
  • Drive‑in door access for warehouse and contractor operations
  • 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 Grocery & Convenience Store (Bike/Boat/Book/etc) 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
Rey
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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 - Industrial flex space offers drive-in access, outdoor storage capacity, and central air conditioning.
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 - 14,200 SF of industrial and warehouse space available; Drive‑in door access for warehouse and contractor operations; Fenced outdoor yard for vehicle, equipment, or material storage
More about this property
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