Financial
Distress signals
Property profile

550 Colfax St Palatine, IL 60067

OFF-MARKET
Commercial real estate
Property ID
US28-2436279
0.53 ac lot Built 1991
Last sale Oct 2001 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 24-yr Hold Held for 24 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 10,448-square-foot warehouse, built in 1985, is situated on a 0.55-acre lot in Palatine, Illinois (60067). The property features an 18-foot ceiling height, providing ample vertical space for storage or operations. Loading is facilitated by two drive-in doors, measuring 12' x 14' and 12' x 10'. The warehouse also includes approximately 2,000 square feet of office space. Parking is readily available with 15 spaces on-site. The property benefits from heated floors and robust power,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$63k
Tax billed · 2022
Assessed value$219k
Assessed land$75k
Assessed improvement$144k
Effective rate28.64%

Value estimate

· Sep 2026
$405k
$365k – $446k
AI approach$405k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$430/SF
County average, outlier-cleaned · 1069 recorded sales of this use type
Observed band · Q1–Q3$140 – $917

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency24.7
Restaurant22.6
Clothing Store22.0

Location

550 Colfax St Palatine, IL 60067-2530
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1951 Plum Grv, Palatine, IL 60067-7258 $1,300,000 Jan 2026 No data
520 Colfax, Palatine, IL 60067-2530 $14,000,000 Jun 2025 No data
1800 Colonial, Inverness, IL 60067-1216 $1,330,000 Dec 2024 No data
24 Plum Grv, Palatine, IL 60067-6243 $1,080,000 Nov 2024 No data
97 Baldwin, Palatine, IL 60067 $587,500 Jun 2024 No data
37 Plum Grv, Palatine, IL 60067-5228 $400,000 Feb 2023 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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