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707 W Colfax St
Palatine, IL 60067
Office Property For Sale

INVESTMENT HIGHLIGHTS

  • Excellent Location Near Train and Post Office
  • Priced to Sell
  • All Brick and Concrete Construction

PROPERTY FACTS

Property Type
Office
Building Size
2,961 SF
Building Class
C
Year Built
1980
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,481 SF
Slab To Slab
9’
Building FAR
0.49
Lot Size
0.14 AC
Zoning
M
Parking
10 Spaces (3.38 Spaces per 1,000 SF Leased)

AMENITIES

  • Drop Ceiling
  • Air Conditioning

ABOUT 707 W COLFAX ST , PALATINE, IL 60067

Built in 1980. All brick and Flexicore construction. 4 individual units. 2 upstairs units are finished office space. 2 ground floor units are workshop/warehouse units. All units have a private bathroom. Can be combined for a office warehouse arrangement. Could easily be converted to a 4 unit multifamily. Parcel surrounded by R3 high density. Nearly $600,000 replacement value. All units individually metered for gas and electric. 800 amp service to building. Good exposure - 5500 cars per day. 1 block to Post Office 2 blocks to Metra train station. Easy to maintain and manage. Motivated seller.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-15-110-004-0000
Land Assessment
$15,260
Improvements Assessment
$40,740
Total Assessment
$56,000
  • Listing ID: 17483875

  • Date on Market: 10/17/2019

  • Last Updated:

  • Address: 707 W Colfax St, Palatine, IL 60067

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