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    503 Vermont St Palatine, IL 60067

    Sponsored
    For Lease
    $11 SF/Yr

    7,300 SF Warehouse in Cook County

    Lot size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7,300 square foot warehouse space is available for lease in Palatine, Illinois. Located at 503 S Vermont St, zip code 60067, this unit is part of a larger, well-maintained nine-unit industrial building totaling 60,000 square feet. Built in 1980, the building is zoned M and situated in Cook County. The property offers convenient access with one drive-in door. The building provides ample parking with six spaces available for tenants. This multi-tenant property presents a fantastic opportunity for businesses seeking efficient and functional warehouse space in a prime Palatine location. The space is ideal for distribution and warehouse operations, offering a versatile layout adaptable to various business needs. The property's strategic location within Cook County ensures easy access to major transportation routes, facilitating seamless logistics and distribution. This is a rare opportunity to secure a well-located, functional warehouse space in a thriving industrial area. Inquire today to learn more about this exceptional leasing opportunity.

    Property Features for 503 Vermont St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,000 SF
    Total Rate
    55000

    Building Details

    Year Built
    1980

    Unit(s) available at that property

    Space
    Size
    7,300 SF
    Rate per SF
    $11

    HighLights

    • Small, air‑conditioned office space.
    • Six surface parking spaces.
    • Warehouse features upgraded 50‑candlepower lighting.
    • Available August 1, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.03748908093
    Latitude
    42.101201187131

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    FAQs

    What type of property is this?
    Distribution property - 7,300 SF Warehouse in Cook County
    Where is this distribution property located?
    The property is located at 503 Vermont St Palatine, IL.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Small, air-conditioned office space.; Six surface parking spaces.; Warehouse features upgraded 50-candlepower lighting.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    503 Vermont St Palatine, IL 60067
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