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345 N Eric Drive Palatine, IL $ 2,208,000
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$ 2,208,000 Get more info
345 N Eric Drive
$ 2,208,000
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Share Save

345 N Eric Drive

Palatine, IL, 60067
$ 2,208,000
Baths0.0 Sq 34,500

Monthly Estimate*

$ 15,424

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Studio

Commercial Property for sale in Palatine, IL

for $2,208,000. This 34,500 square foot building was built in 1970 on a lot size of 1.65.

The subject property is a 35,175-square-foot industrial building built in 1970 and recently renovated, located on the north side of Palatine near the downtown area just off of Colfax Street, in Cook County. The property sits on approximately 1.65 acres of land. The building was designed as a single-tenant building, but with minor modifications, it now accommodates seven tenants. The property can easily be converted back to a true owner/user or can be sold as an investment. An owner/user buyer could occupy between 15,000 SF - 35,175 SF.

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Commercial Active

Price

$ 2,208,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 31,808

Style

Commercial

Lot Size

1.65

Year Built

1970

Town/City

Palatine

County/Region

Cook

MLS | Web ID

11255877
Features
General
Cooling Central Individual
Zoning MANUF
Year Built 1970
Electric Other
Tenant Pays Other
Stories 1
Township Palatine
Property SubType Manufacturing / Warehousing
Tax Year 2021
Current Use Commercial
Gross Income 200400
County Cook
Net Operating Income 169641
Operating Expense 65430
Property Type Commercial Sale Industrial
Possible Use Commercial Industrial Office and Research Other Single Room Occupancy
Status Active
Directions Northwest Hwy to Colfax west to Eric Drive north
City Palatine
MLS Area Palatine
Lot Size Square Feet 70089
Street Name Eric
Tax Annual Amount 31808
Additional Parcels Y/N N
Leasable Area 35175
Days on Market 888
Lease Type N/A
Standard Status Active
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Exterior
Building Area Total 34500
Lot Dimensions 359X204
Lot Size Acres 1.65
Frontage Type City Street Public Road
Exterior Brick
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Interior
Street Suffix Drive
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* Excluded Features
List By
Sperry Van Ness

Broker

olivia.czyzynski@svn.com

Email

Affordability Calculator

$18,074
Per Month
85%
15%
0%
Monthly Principal & Interest
$15,424
Monthly Property Taxes
$2,651
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/7/2024$2,208,000 Listed Price

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345 N Eric Drive, Palatine, IL, 60067 is a Commercial Property for sale at $2,208,000 with 34,500 sqft and a lot size of 1.65. 345 N Eric Drive is a studio with 0.0 baths and was built in 1970. The property's zip code is 60067 which is in Palatine, IL

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