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    318-320 W Colfax St Palatine, IL 60067

    For Lease
    $16 SF/Yr ($6,666 /Mo)

    Warehouse space near downtown Palatine with significant recent renovations.

    Property size:
    5,000 SF
    Lot size:
    0.73 Acres

    Property Features for 318-320 W Colfax St

    General Information

    Size
    5,000 SF
    Lot size
    0.73 Acres

    Source: Brian Properties, Inc. Agent Mark Meskauskas, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Palatine Warehouse with Recent Upgrades

    This warehouse property, located near downtown Palatine, offers 5,000 square feet of space suitable for industrial or storage purposes. The property benefits from high visibility and has undergone several recent upgrades in 2021, including the replacement of all exterior and interior lighting with high-bay LEDs, a newly replaced parking lot, installation of a pylon sign, and a roof coating and sealing.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    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.

    Similar Places Nearby

    Colfax Mini Storage, Metro Self Storage - Palatine

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0356125
    Latitude
    42.1150975

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    FAQs

    What type of property is this?
    Warehouse - Warehouse space near downtown Palatine with significant recent renovations.
    Where is this warehouse located?
    The property is located at 318-320 W Colfax St Palatine, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Outstanding visibility near downtown Palatine; - Parking lot replaced in 2021; - All exterior & interior lighting replaced with High Bay -LED's in 2021
    (847) 640-1500
    Request Owner's contact information
    318-320 W Colfax St 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
    318-320 W Colfax St Palatine, IL 60067
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