632 Colfax St Palatine, IL 60067
- Retail space
- 0.75 lot acres
Current Use by Public Records
- US Concrete Lifters / Concrete Contractor
- John & Scott's Auto Repair / Auto Parts Store / Truck Repair Shop
- DLS LANDSCAPING, INC. / Landscaper
Property Details for 632 Colfax St
- Year built
- 1991
- Lot size
- 0.75 lot acres
- Property type
- Retail space
- APN
- 02-15-102-089
- APU
- 215102089
Description
This exceptional opportunity presents a well-established auto repair business and its accompanying real estate in Palatine, Illinois. Located at 632 W Colfax Street, the property boasts a substantial 4,373 square feet of building space situated on a 0.93-acre lot. The business, with over two decades of operational history, benefits from a loyal customer base, making it an attractive acquisition for both expansion and new ventures. The building's design is specifically tailored to the automotive repair industry, featuring three convenient drive-in doors for efficient vehicle access and five well-equipped workstations. This layout provides ample space for current operations and allows for significant future growth potential. The sale includes both the real estate and the established business, offering a complete and turnkey solution for a prospective buyer. The property's prime location in Palatine ensures high visibility and accessibility, contributing to the business's long-term success. This is a rare opportunity to acquire a profitable, established business with its associated real estate, offering immediate revenue generation and significant growth prospects. The asking price for this complete package is $825,000. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $635,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $545,000
- 6.5%
- $600,000
- 7%
- $550,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $500,000
- Geo Method
- $520,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $570,000
- Retail
- $540,000
- Mixed-Use
- $570,000
- Hospitality
- $600,000
- Educational
- $440,000
- Residential Income
- $580,000
- Energy
- $595,000
- Income-Based Land
- $455,000
- Food Service
- $525,000
Location Insight
- Map
- Local Demand
- City
- Palatine
- County
- Cook
- State
- Illinois
- Longitude
- -88.058
- Latitude
- 42.1185
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
