640 E Northwest Hwy | 640 E Northwest Hwy
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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!
Property Facts
Price | $469,000 | Rentable Building Area | 3,500 SF |
Price Per SF | $134 | No. Stories | 1 |
Sale Type | Investment or Owner User | Year Built | 1950 |
Property Type | Industrial | Tenancy | Single |
Property Subtype | Warehouse | Parking Ratio | 4/1,000 SF |
Building Class | C | No. Drive In / Grade-Level Doors | 2 |
Lot Size | 0.34 AC |
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
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PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $116,730 | |
Land Assessment | $56,250 | Total Assessment | $172,980 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$56,250
Improvements Assessment
$116,730
Total Assessment
$172,980
zoning
Zoning Code | B-2 |
B-2 |
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640 E Northwest Hwy | 640 E Northwest Hwy
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