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640 E Northwest Hwy 640 E Northwest Hwy

3,500 SF Industrial Building Palatine, IL 60074 $469,000 ($134/SF)

Investment Highlights

  • High-Traffic Area
  • $70,000 Roof Replacement
  • Two 10x10 garage doors

Executive Summary

Unlock the full potential of this commercial warehouse in a prime Palatine location with outstanding visibility, witnessing 25,000 cars passing by each day! Positioned in a high-traffic area on a spacious corner lot, this property is perfectly suited for either a auto repair shop as there is great parking space or just a warehouse space, offering a generous total of approximately 3,500 sq. ft. Notable features include two 10x10 garage doors, providing convenient access and enhancing the property's versatility. The property also has a triple basin, 14 parking spots and a bathroom. The robust infrastructure boasts a 200 Amp electrical system with both 1 and 3-phase options, ensuring an efficient and versatile power supply. The roof underwent replacement just one year ago, incurring a cost of $70,000, and the stucco was refreshed two years ago. Don't miss out on this rare opportunity for owner occupancy or as a lucrative income property. Act swiftly to secure your investment in this dynamic commercial space!

Attachments

MLS Listing

Property Facts

Price $469,000
Price Per SF $134
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.34 AC
Rentable Building Area 3,500 SF
No. Stories 1
Year Built 1950
Tenancy Single
Parking Ratio 4/1,000 SF
No. Drive In / Grade-Level Doors 2

Amenities

  • Air Conditioning
  • Smoke Detector

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 02-23-215-012-0000
  • 02-23-215-013-0000
Land Assessment
$56,250
Improvements Assessment
$116,730
Total Assessment
$172,980

zoning

Zoning Code B-2
B-2
  • Listing ID: 30833019

  • Date on Market: 1/31/2024

  • Last Updated:

  • Address: 640 E Northwest Hwy, Palatine, IL 60074

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