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    707-717 Vermont St Palatine, IL 60067

    Sponsored
    For Lease
    $10 SF/Yr

    8,000 SF Flex Space Available in Palatine, IL

    Lot size:
    44,129 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8,000 square foot flex space is situated within a larger 44,129 square foot industrial building located at 707-717 South Vermont Street, Palatine, Illinois, zip code 60067, in Cook County. The property features a single story design with a generous 16' 6" ceiling height, providing ample vertical space for various uses. The unit offers one loading dock for efficient loading and unloading of goods. The building boasts 400 amps of power, ensuring sufficient electrical capacity for a range of industrial and flex operations. The property is currently multi-tenant, offering a dynamic and collaborative environment. This prime location in Palatine provides easy access to major transportation routes, making it an ideal choice for businesses requiring convenient logistics. The available space presents a unique opportunity for businesses seeking a functional and well-equipped industrial or flex space in a thriving suburban location. The 8,000 square feet offers significant potential for customization and adaptation to meet specific operational needs. This is a rare opportunity to secure a well-located, versatile industrial space in a highly desirable area. Contact us today to schedule a viewing.

    Property Features for 707-717 Vermont St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,129 SF
    Total Rate
    38612.88

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Suite 715
    Size
    8,000 SF
    Rate per SF
    $10

    HighLights

    • 8,000 SF flex space in an 44,129 SF industrial building at 707‑717 S Vermont St, Palatine, IL 60067.
    • Single‑story building with 16'6" ceilings and one loading dock.
    • 400 amps of power.
    • Sprinkler system.
    • Excellent Palatine location, minutes from I‑90, Route 53 & I‑290.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    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
    -88.03658
    Latitude
    42.097558

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    FAQs

    What type of property is this?
    Flex space - 8,000 SF Flex Space Available in Palatine, IL
    Where is this flex space located?
    The property is located at 707-717 Vermont St Palatine, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 8,000 SF flex space in an 44,129 SF industrial building at 707-717 S Vermont St, Palatine, IL 60067.; Single-story building with 16'6" ceilings and one loading dock.; 400 amps of power.
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    707-717 Vermont St Palatine, IL 60067
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    Palatine, IL 60067
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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
    707-717 Vermont St Palatine, IL 60067
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