550 W Colfax St, Palatine, IL

Listing office Lee & Associates | Chicago j***@lee-associates.com Show Phone

Listing date Oct 17, 2025

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Overview

This property presents a rare investment and development opportunity in the sought-after River West / West Town area. The site includes an income-generating billboard, offering a value-add opportunity for potential investors. The location benefits from strong visibility from I-90/94, with a traffic volume of 206,000 vehicles per day. The flexible zoning accommodates a variety of different uses.

Suggested Use

Restaurant Hotel & Motel Real Estate Agency Big Box & Wholesale Store Auto Parts Store Storage Facility Pharmacy Grocery & Convenience Store Food Market Department Store

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

Location Insight

• Map
• Local Demand

City

Palatine

County

Cook

State

Illinois

Longitude

-88.0559

Latitude

42.1174

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FAQs

What type of property is this?

Commercial land - Land with income-generating billboard in River West/West Town.

Where is this commercial land located?

The property is located at 550 W Colfax St Palatine, IL.

What are key features of this property?

This property features: Rare investment/development opportunity in sought after River West / West Town location; Flexible zoning allows many different uses; Income generating billboard on property