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501 W Colfax St Palatine, IL

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For Sale
$700,000

Single-story office building near downtown Palatine, divisible for multiple tenants.

Type:OFFICE
Property size:
6,549 SF
Lot size:
0.36 Acres
Added:
Aug 13, 2025
Days on Market:
232
Last Refresh:
Mar 29 at 9:45 pm

Property Features for 501 W Colfax St

General Information

Standard status
Active
Size
6,549 SF
Lot size
0.36 Acres
Property subtype
OFFICE

Properties For Sale

at 501 W Colfax St Contact us

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Listing Contact
Todd Hendricks
Todd Hendricks

Listing agent Todd Hendricks

Listing office Lee & Associates | Chicago

Listing date Aug 13, 2025

Source Moodyscre

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 Lee & Associates | Chicago


Overview

Free-Standing Office Building For Sale

This free-standing, single-story office building is located within walking distance of downtown Palatine, the Metra station, and various restaurants. The building offers flexibility for multiple tenants, as it is divisible into two or three tenant spaces. The interior layout includes 16 private offices, a kitchen, a conference room, a reception area, and built-in cubes. The property has a total size of 6549 square feet. Owner financing is available.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

MP Consulting, LLC Industrial Design Company

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Palatine
County
Cook
State
Illinois
Longitude
-88.0547
Latitude
42.1161

FAQs

What type of property is this?
Office building - Single-story office building near downtown Palatine, divisible for multiple tenants.
Where is this office building located?
The property is located at 501 W Colfax St Palatine, IL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Walking distance to Downtown Palatine, Metra & Restaurants; Free‑standing single‑story office building; Includes **16 private offices, kitchen, conference room, reception and built‑in cubes**
More about this property
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