For Sale
$469,000

640 Northwest HwyPalatine, IL 60074

Prime Palatine location, high traffic, 3,500 sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 3,500 square foot commercial property, located at 640 E Northwest Hwy in Palatine, Illinois, presents a compelling investment opportunity. Situated on a sizable 15,000 square foot lot in a high-traffic area, this single-story building enjoys excellent visibility, with an estimated 25,000 cars passing daily. Currently configured as an auto shop, the property features two 10x10 garage doors, providing convenient access for vehicles and equipment. Inside, you'll find a triple basin sink, a bathroom, and ample parking for 14 vehicles. The building boasts a robust 200-amp electrical system with both 1 and 3-phase power options. Recent upgrades include a complete roof replacement (one year ago, costing $70,000) and stucco refresh (two years ago). The property is zoned B-2 and includes two units, each priced at $234,500. This versatile space is ideal for owner-occupancy or as a lucrative rental property, offering significant potential for return on investment. The property's location, features, and recent improvements make it a rare find in the Palatine commercial real estate market. The asking price is $469,000. Don't miss this chance to acquire a well-maintained, high-traffic commercial property in a desirable location.

Highlights

  • 3,500 SF commercial building on a 15,000 SF lot in Palatine, IL.
  • High-traffic location with excellent visibility (approx. 25,000 cars daily).
  • Currently configured as an auto shop with two 10x10 garage doors, a triple basin sink, and a bathroom.
  • Ample parking for 14 vehicles and a 200-amp electrical system (1 & 3-phase).
  • Recent upgrades include a new roof ($70,000, one year ago) and stucco refresh (two years ago).
  • B-2 zoning; two units; $469,000 asking price ($234,500 per unit).

Property Details for 640 Northwest Hwy

Property type
Retail properties, Auto shops
Square Feet
3,500 SF
Year Built
1950
Stories
1
Units
2

Location Insight

City
Palatine
County
Cook
State
Illinois
Latitude
42.1047152
Longitude
-88.0283167
640 Northwest Hwy, Palatine, Illinois

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640 Northwest Hwy
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