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Multi-Tenant Flex Building
For Sale
Contact for pricing
Pending

247-263 Woodwork Lane, Palatine, IL 60067

Two vacant units provide drive-in access and office configurations that vary by unit.

Property SizeContact for details
Days on Market142

Property Features for 247-263 Woodwork Lane

General Information

Standard status Pending
Property subtype Industrial

Building Details

Tenancy Multi
Listing Agency: Cushman & Wakefield - Rosemont, Illinois
Listed By: Mike Magliano · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 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 Cushman & Wakefield - Rosemont, Illinois

Investment Insights

Based on property information with market context.

This multi-tenant flex property includes two vacant units totaling approximately 4,000 SF. Each unit has one drive-in door, while the office areas differ in size by unit, offering varied workspace configurations within the building.

The property is located at 247-263 Woodwork Lane in Palatine, Illinois. Its combination of flex space, drive-in access, and multiple unit layouts supports a range of commercial occupancy requirements.

Key Highlights

  • Multi‑tenant flex building at 247‑263 Woodwork Lane, Palatine, IL 60067
  • 2 vacant units totaling +/- 4,000 SF
  • 1 drive‑in door per unit

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Grocery & Convenience Store Daycare Center Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Locksmith Barber Shop

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,090
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

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 - Two vacant units provide drive-in access and office configurations that vary by unit.
Where is this flex space located?
The property is located at 247-263 Woodwork Lane Palatine, IL.
What are key features of this property?
This property features: Multi‑tenant flex building at 247‑263 Woodwork Lane, Palatine, IL 60067; 2 vacant units totaling +/- 4,000 SF; 1 drive‑in door per unit
(312) 424-8057 Call to check price and availability
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