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Commercial > Retail
Active
07/03/2024
List Price
$525,000$177/ft²

707 Colfax St
Palatine, IL 60067

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  • 707 Colfax St, Palatine, IL 60067 is a 2,961 ft² commercial retail property property built in 1980 on a 0.140 acre lot. This commercial retail property is currently on the market for $525,000, and it was last sold in 2022 for $310,000.

    MLS Description

    The listing agent's description. Original Listing

    Available FOR SALE and FOR RENT! Built in 1980 and freshly remodeled, 2 floors of office spaces but with potential variation in usage as it is zoned Manufacturing. At the moment, the building it is set up as 4 individual office spaces, 2 on the first floor and 2 on the second floor. One of the 2nd floor units it is rented for 18 months. The ground floor units feature one large open space with half bathroom, it can be used as workshop/warehouse units. The upstairs units have are divided each 2 individual private rooms inside, each with exterior windows. The building is versatile as usage and could be converted into a 4 unit multifamily(buyer must check with Village for permits and zoning), as each of the 4 entities has its own bathroom and separate utilities meter (gas, electric). One water bill for the whole building. The whole building was just painted and carpet was replaced, new laminate flooring, two of the furnaces are brand new, new electric system, windows were just painted, roof repaired, bathrooms remodeled. Large parking area has more than 10 spots with plenty of extra room for potential storage buildable area, sheds, etc. 800 amp service to the building. Very good exposure, estimated over 5000 cars per day, 1 block to post office, 2 blocks to Metra Station. Contact listing agent with all questions. Please check 3D Tour and Video tour attached.

    Listing Agents

    The listing agent for 707 Colfax St is Diana Varva.

    Current Ownership

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    Property History

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    Neighborhood

    This property is located in 60067.

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    Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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