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$475,000
44 Days On Site

707 W Colfax Street
Palatine, IL 60067

For Sale|Industrial|Active
0
Beds
0
Total Baths
2,961
SqFt
$160
/SqFt
1980
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Century 21 Circle
Call Now: 847.967.0022
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847.967.0022
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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. One of the 2nd floor units it is rented for 18 months. 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. The building is versatile as usage and could be converted into a 4 unit multifamily(buyer must check with Village for permits and zoning), as each of the 4 entities has its own bathroom and separate utilities meter (gas, electric). One water bill for the whole building. The whole building was just painted and carpet was replaced, new laminate flooring, two of the furnaces are brand new, new electric system, 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. 800 amp service to the building. Very good exposure, estimated over 5000 cars per day, 1 block to post office, 2 blocks to Metra Station. Contact listing agent with all questions. Please check 3D Tour and Video tour attached.

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Listing Snapshot
Price 
$475,000
Days On Site 
44 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,961 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1980
MLS® Number 
12461320
Status 
Active
Property Tax 
$13,714
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a month agoStatus changed to Active
a month agoListing first seen on site
General Features
Number Of Stories 
2
Property Sub Type 
Industrial
SqFt Total 
2961
Zoning 
OFFIC
Interior Features
Cooling 
Central Air
Electric 
Circuit Breakers
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Exterior Features
Construction Details 
Brick
Community Features
MLS Area 
Palatine
Listing Courtesy of MRED as distributed by MLS Grid of Century 21 Circle



Based on information submitted to the MLS GRID as of 2025-10-17 01:35 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-10-17 01:35 AM UTC
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Neighborhood & Commute
Source: Walkscore
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