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Manufacturing Property with Contractor Yard
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515 W Colfax St, Palatine, IL 60667

M-zoned industrial property with truck parking, outside storage, and contractor yard functionality near I-90 and Route 53.

Property Size11,000 SF
Price / SF$186.36
Days on Market53

Property Features for 515 W Colfax St

General Information

Standard status Active
Size 11,000 SF
Property subtype Industrial, Mixed Use, Special Purpose
Zoning M
Lease Type Net

Additional Details

Outdoor Storage Yes

Building Details

Tenancy Single
Listing Agency: Avison Young - Chicago Suburban
Listed By: Steven Kohn · License #IL 475.128678
Source: Crexi
Added: Aug 11 Changed: Sep 29 Last Checked: Oct 1 at 11:18AM

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 Avison Young - Chicago Suburban

Investment Insights

Based on property information with market context.

This manufacturing property at 515 W Colfax St includes substantial parking, designated truck parking, and outside storage capacity. The site also supports contractor-yard operations and is positioned for future expansion, subject to applicable approvals.

Located in Palatine’s industrial corridor, the property is near I-90 and Route 53. M zoning supports manufacturing activities, aligning the site with industrial and contractor-oriented operations. The property size is listed as 11,000, with the available data also identifying the asset as suitable for manufacturing use.

Key Highlights

  • M zoning intended to accommodate manufacturing activities
  • 11,000 listed property size
  • Truck parking and substantial general parking

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Auto Parts Store Hotel & Motel Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,273
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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
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Frequently Asked Questions

What type of property is this?
Manufacturing property - M-zoned industrial property with truck parking, outside storage, and contractor yard functionality near I-90 and Route 53.
Where is this manufacturing property located?
The property is located at 515 W Colfax St Palatine, IL.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: M zoning intended to accommodate manufacturing activities; 11,000 listed property size; Truck parking and substantial general parking
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