550 Colfax StPalatine, IL 60067

  • Commercial real estate
  • 0.53 AC

Property Details for 550 Colfax St

Year built
1991
Lot size
0.53 AC
Property type
Commercial real estate
APN
02-15-102-073
APU
215102073

Description

This 10,448-square-foot warehouse, built in 1985, is situated on a 0.55-acre lot in Palatine, Illinois (60067). The property features an 18-foot ceiling height, providing ample vertical space for storage or operations. Loading is facilitated by two drive-in doors, measuring 12' x 14' and 12' x 10'. The warehouse also includes approximately 2,000 square feet of office space. Parking is readily available with 15 spaces on-site. The property benefits from heated floors and robust power, including 660-volt, 3-phase service. Exterior storage is also available. The property's 2023 taxes were $6.22 per square foot (Parcel numbers: 02-15-102-074 & 02-15-102-073). This versatile space is well-suited for contractors, auto/truck repair, and similar businesses. The sale price is subject to offer. This is a prime opportunity to acquire a well-located industrial property in a thriving area.

Location Insight

City
Palatine
County
Cook
State
Illinois
Latitude
42.1174
Longitude
-88.0558
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$62,819
$75,172
$144,163
$219,335
-
$300,688
$576,652
$877,340

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].