707 W Colfax Street Palatine, IL $ 475,000
707 W Colfax Street
$ 475,000
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707 W Colfax Street

Palatine, IL, 60067
$ 475,000
Bedrooms-- Baths-- Sq 2,961

Monthly Estimate*

$ 2,963

707 W Colfax Street, Palatine, IL 60067 - Image 1
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707 W Colfax Street, Palatine, IL 60067 - Image 12
707 W Colfax Street, Palatine, IL 60067 - Image 13

Commercial Property for sale in Palatine, IL

for $475,000. This 2,961 square foot building was built in 1980 on a lot size of 0.140129.

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. 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. Each of the 4 entities has its own bathroom and separate gas and electric meter. One water bill for the entire building. Two of the furnaces were installed in 2024, newer electric system of 800 amps, 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. . Very good street exposure, estimated over 5000 cars per day, 1 block to post office, 2 blocks to Metra Station. Contact listing agent with all questions.

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Commercial Active

Price

$ 475,000

Property Type

Commercial

Taxes

$ 13,714

Style

Lot Size

0.140129

Year Built

1980

Town/City

Palatine

County/Region

Cook

MLS | Web ID

12461320

Features
General
Cooling Central Air
Possession Closing
Zoning OFFIC
Construction Materials Brick
Year Built 1980
Electric Circuit Breakers Separate Meters Over 600 Amps
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Janitorial Service
Stories Count 2
Tax Year 2022
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 1750
Property Type Commercial Sale Industrial
Status Active
Directions North on Palatine Rd right on Quentin East on Colfax
City Palatine
Number Of Units Total 4
MLS Area Palatine
Lot Size Square Feet 6104
Tax Annual Amount 13714
Additional Parcels Y/N N
Leasable Area 2961
Lease Type Net
Standard Status Active
Cap Rate 0
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Exterior
Building Area Total 2961
Lot Dimensions 6104
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* Excluded Features
List By
Century 21 Circle

Broker

dianavarva@gmail.com;diana.varva@c21circle.com

Email

Affordability Calculator

$4,106
Per Month
72%
28%
0%
Monthly Principal & Interest
$2,963
Monthly Property Taxes
$1,143
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
Pricing History
DatePricePrice ChangeDescription
9/2/2025$475,000 Listed Price

Map


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707 W Colfax Street, Palatine, IL, 60067 is a Commercial Property for sale at $475,000 with 2,961 sqft and a lot size of 0.140129. 707 W Colfax Street was built in 1980. The property's zip code is 60067 which is in Palatine, IL