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    Property profile & analytics
    OFF-MARKET Estimated value $600,000
    Retail space

    632 Colfax St, Palatine, IL 60067-2356

    0.75 ac lot Built 1991
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US28-1395341
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1991
    Lot 0.75 ac (32,670 SF)
    APN 02-15-102-089
    UPID US28-1395341
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • US Concrete Lifters Construction Company General Contractor
    • John & Scott's Auto Repair Auto Repair Shop
    • DLS LANDSCAPING, INC. Landscaping General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $615k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $600k
    Owner & transaction history
    Motor Beat LLC · 1 yrs held
    Motor Beat LLC
    since 2025
    Last sale
    $575,000
    6 recorded transactions
    2025
    $575,000
    2014
    2004
    2000
    $480,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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