640 Northwest Hwy Palatine, IL 60074
- Commercial real estate
- 3,500 SF
- 0.49 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 640 Northwest Hwy
- Year built
- 1950
- Lot size
- 0.49 lot acres
- Property size
- 3,500 SF
- Property type
- Commercial real estate
Description
This exceptional commercial warehouse, located at 640 E Northwest Highway in Palatine, Illinois, presents a unique investment opportunity. Boasting approximately 3,500 square feet of space on a 0.49-acre corner lot, this property benefits from unparalleled visibility, with an estimated 25,000 cars passing daily. Its ideal location makes it suitable for a variety of uses, particularly an auto repair shop given the ample parking (14 spaces) or simply as a versatile warehouse. The property features two 10x10 garage doors, ensuring easy access for loading and unloading. Internal improvements include a convenient triple basin sink and a bathroom. The robust electrical system, rated at 200 Amps with both 1-phase and 3-phase options, provides ample power for diverse operational needs. Recent upgrades include a roof replacement completed within the last year and stucco refresh two years prior, minimizing immediate maintenance concerns. This property offers a compelling opportunity for owner-occupancy or as a strong income-generating asset. Don't miss this chance to acquire a well-maintained, high-visibility commercial space in a thriving Palatine location.
Value Estimations
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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
- -88.0279
- Latitude
- 42.1045