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707 W Colfax Street

Palatine, IL 60067
  • $735,000
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: 11747005
$735,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1980
County:
Area:

School Ratings & Info

Description

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 are 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, 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. More photos and floor plan to be added soon! contact listing agent with all questions.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-07T23:58:44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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707 W Colfax Street Palatine, IL 60067

  • Price: $735,000
  • Status: Active
  • On Site: 71 Days
  • MLS #: 11747005
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1980
Built
Neighborhood:
Palatine
County:
Cook
Area:
Palatine
Property Description
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 are 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, 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. More photos and floor plan to be added soon! contact listing agent with all questions.
Exterior Features

Outdoor Parking 6-12 Spaces Parking Total 10

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Building Area Total 2961 Built Before1978 YN No Electric Circuit BreakersSeparate MetersOver 600 Amps Fire Protection Fire Extinguisher/SSmoke Or Fire ProtectorsCarbon Monoxide Detector(S) Geographic Locale Northwest SuburbanNorth Suburban Gross Income 0 Gross Scheduled Income 0 Leasable Area 2961 Mls Actual Status Active Net Operating Income 0 Number Of Tenants 4 Operating Expense 1750 Property Offered For Sale Only Property Sub Type Office Tax Annual Amount 13714 Tax Year 2021 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial Service Total Monthly Income 0 Type Office/Tech Zoning Offic

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 847-724-5800.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-07T23:58:44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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