532 Colfax St Palatine, IL 60067
- Industrial properties
- 7,373 SF
- 0.93 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 532 Colfax St
- Year built
- 1970
- Lot size
- 0.93 lot acres
- Property size
- 7,373 SF
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
This 7,373 square foot flex space industrial building in Palatine, Illinois, presents a unique investment opportunity. Located at 532 W Colfax St, 60067, within Cook County, this single-story, Class B building sits on a 0.93-acre lot and was constructed in 1970. The property is zoned for manufacturing and features three drive-in doors, ideal for efficient loading and unloading. The interior includes five workstations, well-suited for a variety of industrial or flex uses. With a long history of automotive repair operations, this property offers established infrastructure and potential for immediate occupancy. The building's layout is designed for optimized workflow, providing ample space for expansion or adaptation to suit a new business's needs. The asking price is $895,000. This property is a prime location for businesses seeking a well-established space in a convenient Palatine location. The property's size and features make it suitable for a range of industrial and flex uses, offering significant potential for growth and return on investment.
Value Estimation
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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
- -88.0544
- Latitude
- 42.1184
