640 Northwest Hwy Palatine, IL 60074
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 640 Northwest Hwy
- Year built
- 1950
- Property size
- 3,500 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This exceptional 3,500 square foot commercial property, located at 640 E Northwest Hwy in Palatine, Illinois, presents a compelling investment opportunity. Situated on a sizable 15,000 square foot lot in a high-traffic area, this single-story building enjoys excellent visibility, with an estimated 25,000 cars passing daily. Currently configured as an auto shop, the property features two 10x10 garage doors, providing convenient access for vehicles and equipment. Inside, you'll find a triple basin sink, a bathroom, and ample parking for 14 vehicles. The building boasts a robust 200-amp electrical system with both 1 and 3-phase power options. Recent upgrades include a complete roof replacement (one year ago, costing $70,000) and stucco refresh (two years ago). The property is zoned B-2 and includes two units, each priced at $234,500. This versatile space is ideal for owner-occupancy or as a lucrative rental property, offering significant potential for return on investment. The property's location, features, and recent improvements make it a rare find in the Palatine commercial real estate market. The asking price is $469,000. Don't miss this chance to acquire a well-maintained, high-traffic commercial property in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palatine
- County
- Cook
- State
- Illinois
- Longitude
- -88.0283
- Latitude
- 42.1047
