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

Listed By: Todd Hendricks Show Phone

Source: Moodyscre

Added: Oct 17, 2025 Changed: Aug 11 Last Checked: Aug 17 at 4:51AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

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

Property Analytics

Property Profile

Current Use

M & V Autobody ... Auto Repair Shop

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

948

Businesses Nearby

Explore this area Business Placement

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

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