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707 W Colfax Street,  Palatine IL, 60067

(Active)
$525,000
|
2,961 sqft
|
MLS# 11857061
Last Updated: 5/19/2024 6:44 AM
Description for 707 W Colfax Street Palatine, IL 60067
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.
Price
$525,000
Cook
2,961 (approx)
11857061
Active
Description
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 Information
Property Type: Office, Business Opportunities, 2 Story
0.14 Acres 2,961 (approx) 1980
2 Brick
4 Total
Neighborhood
Room Information
Interior Features
Central Air
Exterior / Lot Features
Brick
6104
OFFIC
Driving Directions
North on Palatine Rd, right on Quentin, East on Colfax
Financial Considerations
02151100040000
$13,714
Listing Price History

Palatine Real Estate

Palatine is located in Illinois. Palatine, Illinois 60067 has a population of 66,676.

The median household income in Palatine, Illinois 60067 is $106,585. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Palatine 60067 is 38 years.

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Courtesy: Century 21 Circle
Listings courtesy of MRED as distributed by MLS GRID

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This content last refreshed on 5/19/2024 6:44 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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