Free-Standing Office
For Sale
Contact for pricing
501 W Colfax Street, Palatine, IL 60067
Free-standing office building with 22 private offices, a reception area, and on-site parking.
Property SizeContact for details
Days on Market121
Property Features for 501 W Colfax Street
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
Brown Commercial Group Inc
(847) 758-9200
Listed By:
Jim Pietrarosso · License #IL 475122538
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 1:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brown Commercial Group Inc
Investment Insights
Based on property information with market context.
This free-standing office building offers a flexible interior layout and strong tenant-ready utility. The current configuration includes 22 private offices, a conference room, general office area, reception, breakroom, and additional office space. The building was originally set up as three separate units, and separate meters are still in place, allowing it to be converted back if desired.
Located just northwest of downtown Palatine, the property is described as having great visibility and easy access. Ample parking is available for staff and visitors.
With both a substantial current office buildout and the option to reconfigure to separate units, the building can support a range of operational footprints while retaining a clear, established office plan.
Located just northwest of downtown Palatine, the property is described as having great visibility and easy access. Ample parking is available for staff and visitors.
With both a substantial current office buildout and the option to reconfigure to separate units, the building can support a range of operational footprints while retaining a clear, established office plan.
Key Highlights
- Free‑standing office building just northwest of downtown Palatine
- Currently configured with 22 private offices plus reception, conference room, and general office area
- Includes a breakroom and additional office spaces
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Free-standing office building with 22 private offices, a reception area, and on-site parking.
Where is this office building located?
The property is located at 501 W Colfax Street Palatine, IL.
What are key features of this property?
This property features: Free‑standing office building just northwest of downtown Palatine; Currently configured with 22 private offices plus reception, conference room, and general office area; Includes a breakroom and additional office spaces
