640 E Northwest Hwy - Warehouse FOR SALE


Palatine, IL 60074
$469,000 USD
224-500-6491
640 E Northwest Hwy, Palatine, IL for Sale
$469,000 USD
Warehouse - FOR SALE
1/7
null | Request Cap Rate

640 E Northwest Hwy
Palatine, IL 60074


HIGHLIGHTS

  • High-Traffic Area
  • Two 10x10 garage doors
  • $70,000 Roof Replacement

OVERVIEW

Unlock the full potential of this commercial warehouse in a prime Palatine location with outstanding visibility, witnessing 25,000 cars passing by each day! Positioned in a high-traffic area on a spacious corner lot, this property is perfectly suited for either a auto repair shop as there is great parking space or just a warehouse space, offering a generous total of approximately 3,500 sq. ft. Notable features include two 10x10 garage doors, providing convenient access and enhancing the property's versatility. The property also has a triple basin, 14 parking spots and a bathroom. The robust infrastructure boasts a 200 Amp electrical system with both 1 and 3-phase options, ensuring an efficient and versatile power supply. The roof underwent replacement just one year ago, incurring a cost of $70,000, and the stucco was refreshed two years ago. Don't miss out on this rare opportunity for owner occupancy or as a lucrative income property. Act swiftly to secure your investment in this dynamic commercial space!

FOR SALE DETAILS

PRICE

$469,000 USD

PRICE/SF

$134 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

640 E Northwest Hwy

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.34

LAND SF

15,000

ZONING

B-2

APN/PARCEL ID

02-23-215-012-0000,02-23-215-013-0000

ASK ABOUT THIS PROPERTY

Diana MatichynColdwell BankerMore Info
224-500-6491

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Diana MatichynColdwell BankerMore Info
224-500-6491

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.