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    632 Colfax St Palatine, IL 60067

    Sponsored
    For Sale
    $825,000

    Turnkey Auto Repair Business & Real Estate

    Property size:
    4,373 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional opportunity presents a well-established auto repair business and its accompanying real estate in Palatine, Illinois. Located at 632 W Colfax Street, the property boasts a substantial 4,373 square feet of building space situated on a 0.93-acre lot. The business, with over two decades of operational history, benefits from a loyal customer base, making it an attractive acquisition for both expansion and new ventures. The building's design is specifically tailored to the automotive repair industry, featuring three convenient drive-in doors for efficient vehicle access and five well-equipped workstations. This layout provides ample space for current operations and allows for significant future growth potential. The sale includes both the real estate and the established business, offering a complete and turnkey solution for a prospective buyer. The property's prime location in Palatine ensures high visibility and accessibility, contributing to the business's long-term success. This is a rare opportunity to acquire a profitable, established business with its associated real estate, offering immediate revenue generation and significant growth prospects. The asking price for this complete package is $825,000. Serious inquiries only.

    Property Features for 632 Colfax St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,373 SF
    Lot Size
    40,511 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    US Concrete Lifters Concrete Contractor John & Scott's Auto ... Auto Repair Shop DLS LANDSCAPING, INC. Landscaper

    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
    -88.05796
    Latitude
    42.11859

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey Auto Repair Business & Real Estate
    Where is this commercial real estate located?
    The property is located at 632 Colfax St Palatine, IL.
    What is the asking price?
    The asking price for this property is $825,000.
    (630) 653-1900
    Request Owner's contact information
    632 Colfax St Palatine, IL 60067
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    Palatine, IL 60067
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    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
    632 Colfax St Palatine, IL 60067
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