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640 E Northwest Highway Palatine, IL $ 529,000
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$ 529,000 Get more info
640 E Northwest Highway
$ 529,000
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640 E Northwest Highway

Palatine, IL, 60074
$ 529,000
Bedrooms-- Baths-- Sq 3,500

Monthly Estimate*

$ 3,257

640 E Northwest Highway, Palatine, IL 60074 - Image 1
640 E Northwest Highway, Palatine, IL 60074 - Image 2
640 E Northwest Highway, Palatine, IL 60074 - Image 3
640 E Northwest Highway, Palatine, IL 60074 - Image 4
640 E Northwest Highway, Palatine, IL 60074 - Image 5
640 E Northwest Highway, Palatine, IL 60074 - Image 6
640 E Northwest Highway, Palatine, IL 60074 - Image 7
640 E Northwest Highway, Palatine, IL 60074 - Image 8
640 E Northwest Highway, Palatine, IL 60074 - Image 9
640 E Northwest Highway, Palatine, IL 60074 - Image 10
640 E Northwest Highway, Palatine, IL 60074 - Image 11
640 E Northwest Highway, Palatine, IL 60074 - Image 12

Commercial Property for sale in Palatine, IL

for $529,000. This 3,500 square foot building was built in 1950.

This prime commercial warehouse offers approximately 3,500 square feet of versatile space in a high-traffic, high-visibility corner location. Situated on a desirable corner lot with a large parking area, the property provides excellent accessibility and exposure for a wide range of businesses, including auto repair, vehicle sales, service operations, or light industrial use. The building features two 10' x 10' drive-in garage doors, a newer roof, and updated exterior stucco, making it a solid and well-maintained investment. There is a reception space area, garage space, Ideal for an owner-occupant or investor, this property combines functionality, visibility, and strong business potential in one exceptional opportunity. Current Taxes are being appealed

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Commercial Active

Price

$ 529,000

Property Type

Commercial

Taxes

$ 32,284

Style

Year Built

1950

Town/City

Palatine

County/Region

Cook

MLS | Web ID

12658287
Features
General
Cooling Central Air
Roof Membrane
Zoning COMMR
Construction Materials Block
Year Built 1950
Electric Circuit Breakers Service - 101 to 200 Amps
Tenant Pays Other
Stories Count 1
Township Wheeling
Property Subtype Other
Tax Year 2024
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Industrial
Status New
Directions WEST OF RTE 53 ON NORTHWEST HWY AND ELMWOOD
City Palatine
Number Of Units Total 1
MLS Area Palatine
Lot Size Square Feet 14240
Tax Annual Amount 32284.6
Additional Parcels Y/N N
Leasable Area 3500
Standard Status Active
Cap Rate 0
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 3500
Lot Dimensions 161x52x171x78
Lot Size Acres 0
Frontage Type City Street
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* Excluded Features
List By
Real Broker Llc

Broker

rafay@qamargroup.com

Email

Affordability Calculator

$5,947
Per Month
55%
45%
0%
Monthly Principal & Interest
$3,257
Monthly Property Taxes
$2,690
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
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Pricing History
DatePricePrice ChangeDescription
5/26/2026$529,000 Listed Price

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640 E Northwest Highway, Palatine, IL, 60074 is a Commercial Property for sale at $529,000 with 3,500 sqft. 640 E Northwest Highway was built in 1950. The property's zip code is 60074 which is in Palatine, IL

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