532 Colfax St, Palatine, IL 60067
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.