Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    707 W Colfax St Palatine, IL 60067

    For Sale
    $475,000

    Commercial Sale - Palatine, IL

    Property size:
    2,961 SF
    Days on Market:
    28
    Last Refresh:
    Dec 14 at 10:06 am

    Property Features for 707 W Colfax St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OFFIC
    APN
    02151100040000
    Size
    2,961 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Number of units
    4
    Architectural style
    Other

    Coldwell Banker Leader Realty (312) 513-4490 [email protected]

    Listing agent Diana Varva (773) 465-4200 License #471022830

    Listing date Nov 17, 2025

    MLS# 12461320 Listing URL

    Copyright © 2025 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.

    Overview

    Remodeled Commercial Building with Manufacturing Zoning

    This commercial building, constructed in 1980 and recently remodeled, is available for sale and for rent. Zoned for manufacturing, the two-story structure offers versatile usage options. Currently configured as four individual office spaces, with two units on each floor, the layout can be adapted to suit various needs. The ground floor units feature large, open spaces with half bathrooms, suitable for workshop or warehouse use. The upstairs units are divided into two private rooms each, all with exterior windows. Each of the four units has its own bathroom and separate gas and electric meter. The building has one water bill. Two of the furnaces were installed in 2024. The building features a newer 800 amp electrical system, freshly painted windows, a repaired roof, and remodeled bathrooms. A large parking area accommodates more than 10 vehicles, with additional space for potential storage or sheds. The property benefits from high street exposure, with an estimated traffic count of over 5,000 vehicles per day. It is located one block from the post office and two blocks from the Metra Station in Palatine, IL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mariah Express Trucking Company Teamworks Consultant Town & Country Claim ... Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0603745
    Latitude
    42.1185195

    Nearby Similar for Sale

    • $350,000
      3,778 SF

      Palatine Office Building For Sale

      Office building in Plum Grove Office Park with ample parking.
      502 N Plum Grove Rd, Palatine, IL 60067
      View Details
    • $399,800
      1,782 SF

      Spacious Townhome with Finished Basement

      Updated 2-bedroom townhome with finished basement and private outdoor space.
      1535 W Ethans Glen Dr, Palatine, IL 60067
      View Details
    • $2,500,000
      21,500 SF

      Iconic Palatine Commercial Redevelopment Opportunity

      21,500 SF building with redevelopment potential in downtown Palatine.
      180 N Smith St, Palatine, IL 60067
      View Details
    • $4,300,000
      3,010 SF

      Palatine Retail Building For Sale

      3,010 SF building on 0.79 acre site for sale.
      404 E Palatine Rd, Palatine, IL 60067
      View Details
    • $173,500

      Bayside Drive Condo with Potential

      Fixer-upper condo with communal amenities and convenient location.
      3400 Bayside Dr, Palatine, IL 60074
      View Details
    • Contact for pricing
      2,300 SF

      Turn-Key Dental Office Space

      Fully equipped dental office in prime location ready for immediate occupancy.
      741 E Dundee Rd, Palatine, IL 60074
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Remodeled commercial building in Palatine, IL, with manufacturing zoning.
    Where is this manufacturing property located?
    The property is located at 707 W Colfax St Palatine, IL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Zoned Manufacturing offering varied usage potential: office, workshop, or warehouse.; - **Freshly remodeled with new furnaces (2024), newer 800 amp electric system, roof repair, and remodeled bathrooms.**; - Four individual units each feature a private bathroom and separate gas and electric meters.
    (773) 465-4200
    Request Owner's contact information
    707 W Colfax St Palatine, IL 60067
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    707 W Colfax St
    Palatine, IL 60067
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    707 W Colfax St Palatine, IL 60067
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.