Map of Property

318-320 W. Colfax St.

318-320 W. Colfax St., Palatine, IL 60067

  • For Lease $14.00/SF/YR
  • Property Type Industrial - Warehouse/Distribution
  • Property Size 10,000 SF
  • Lot Size 0.74 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 40
  • Parking Ratio 4.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Date Updated Jul 24, 2024
  • Grade Level Doors 6
  • Fire Sprinklers None
  • HVAC None
The subject property is located in the northwest suburb of Palatine which is 36 miles outside of downtown Chicago. The property is located at the northwest corner of Colfax St. and Eric Dr. The subject property is just minutes from I-53 and a mere 0.4 miles from downtown Palatine. The Village of Palatine is a well located northwest suburb with a population of approximately 68,557.Brian Properties, Inc. is pleased to present the subject property for sale located in Palatine, IL. The property is currently used as a multiple tenant industrial building. The property features two (2) 5,000 square feet units which are currently leased. The 318 unit is occupied by a body shop and the 320 unit is occupied by a towing/repair shop. The investment features the ability to add value through building upgrades and bolstering the rent roll.Brian Properties, Inc. is pleased to present the subject property for lease located in Palatine, IL. The property features two (2) 5,000 square feet units available for lease. The units are separated by a block wall which can be opened to an extent. The units can be leased individually or combined. The building does have a triple basin drain installed.
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Highlights

  • Outstanding visibility near downtown Palatine
  • All exterior & interior lighting replaced with High Bay LED's (2021)
  • Parking lot replaced (2021)
  • Pylon sign installed (2021)
  • Roof coated & sealed (2021)

Spaces Available

Contacts

broker
Mark Meskauskas

Brian Properties

Location

Getting Around

  • Walk Score ®

    75/100 Very Walkable

  • Bike Score ®

    72/100 Very Bikeable
Powered by Walk Score ®
  • City Palatine, IL
  • Zip Code 60067
  • Market Chicago

Points of Interest

  • Palatine

    0.27 miles

  • Arlington Park

    2.67 miles

  • Arlington Heights

    4.13 miles

  • Barrington

    4.80 miles

  • Mount Prospect

    7.01 miles

  • Des Plaines

    9.93 miles

  • SNK Fuels

    0.68 miles

  • Mobil

    1.02 miles

  • Shell

    1.04 miles

  • Speedway

    1.92 miles

  • BP

    2.06 miles

  • Delta Sonic

    2.54 miles

  • eVgo

    4.83 miles

  • Tesla

    4.93 miles

  • Tesla Supercharger

    5.41 miles

  • ChargePoint

    5.51 miles

  • Mariano's Fresh Market Parking Lot

    1.04 miles

  • Deer Grove Parking Lot

    1.78 miles

  • Deer Grove - East Parking Lot

    1.86 miles

  • Camp Alphonse Parking Lot

    1.97 miles

  • Emmett's

    0.34 miles

  • Heng Wing

    0.47 miles

  • McDonald's

    0.48 miles

  • Siri Thai

    0.48 miles

  • Subway

    0.81 miles

  • Baker's Square

    0.83 miles

  • Brown's Chicken

    0.84 miles

  • Dairy Queen

    0.85 miles

  • Sunrise Ramen & Sushi

    0.85 miles

  • Cafe Fourteen

    0.92 miles

  • Eurofresh Market

    0.58 miles

  • Jewel-Osco

    0.65 miles

  • Martin Vehlow - Berkshire Hathaway HomeServices Starck Real Estate

    0.81 miles

  • Mariano's Fresh Market

    1.09 miles

  • Target

    1.97 miles

  • ALDI

    2.06 miles

  • Walmart

    2.33 miles

  • Butera Market

    2.41 miles

  • Whole Foods Market

    3.06 miles

  • Kohl's

    3.54 miles

  • CVS Pharmacy

    0.55 miles

  • Ascension Health Medical Group Family Medicine Palatine

    0.78 miles

  • Walgreens

    0.96 miles

  • Physicians Immediate Care

    1.00 miles

  • Palatine Police Department

    1.08 miles

  • Palatine Fire Department

    1.72 miles

  • Inverness Fire Department

    2.16 miles

  • Fire Station Number 23

    3.15 miles

  • Rolling Meadows Fire Department

    3.19 miles

  • Arlington Heights Health Center

    3.73 miles

Frequently Asked Questions

What is the cost of renting industrial/warehouse space at 318-320 W. Colfax St.?

The average rental rate for industrial/warehouse space at 318-320 W. Colfax St. is $14.00/SF/YR. Generally, the asking price for warehouse spaces varies based on the location of the property, with proximity to transportation hubs, access to highways or ports playing a key role in the building’s valuation. Other factors that influence cost are the property’s age, its quality rating, as well as its onsite facilities and features.

What type of industrial space is available for rent at 318-320 W. Colfax St.?

In total, 318-320 W. Colfax St. incorporates 10,000 square feet of Warehouse/Distribution space.

The property can be leased as a Multi-Tenant industrial space. For more details on this listing and available space within the building, use the contact form at the top of this page to schedule a tour with a broker.

How many loading docks does 318-320 W. Colfax St. have?

318-320 W. Colfax St. is equipped with 6 loading docks that allow for an efficient and safe movement of goods in and out of the facility.

6 of these are grade level loading docks, ideal for the handling of large or bulky items, as they do not require the use of a ramp or dock leveler.

Is there parking available at 318-320 W. Colfax St.?

The parking area at 318-320 W. Colfax St. can accommodate up to 40 vehicles. Tenants, visitors and those conducting any operations within the building’s premises have access to 3 parking.

Does 318-320 W. Colfax St. have climate control?

Reach out to the property representative or listing broker to find out more about climate control capabilities at this property. Climate control is typically present in industrial buildings that are suited to store items susceptible to temperature and damage from humidity, such as food, pharmaceuticals, paper, textiles, and electronics.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Mark Meskauskas

Brian Properties

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