Map of Property

318-320 W. Colfax St.

For Lease

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

318-320 W. Colfax St. currently offers 2 industrial space(s) for rent. The property type is designated as industrial. Use types among leasing opportunities at this property include industrial. The minimum space size listed is 5,000 square feet. Lease type options include Modified Gross. Expand the individual listing section(s) below or reach out to the property representative(s) for additional information on leasing opportunities at 318-320 W. Colfax St..

Space Available For Lease 2

Contacts

broker

Mark Meskauskas

Brian Properties

Property Details

  • 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)

Getting around

  • 75/100

    Walk Score ®

  • 72/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Mobil

    2.12 miles

  • SNAP Car Wash

    2.40 miles

  • Delta Sonic Car Wash

    2.53 miles

  • Dream Clean Auto Wash

    2.84 miles

  • Shell

    3.27 miles

  • Enterprise

    4.61 miles

  • Busy Bee

    5.17 miles

  • Hertz

    5.20 miles

  • Budget

    5.20 miles

  • Premier Car Wash

    5.90 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

318-320 W. Colfax St. Listing Brief

  • The rental rate for available space here starts at $14.00. The asking price for this type of property can vary based on the location of the asset, as proximity to transportation hubs, access to highways or ports plays a key role in the building's valuation. Other factors that influence cost are the property age, its quality rating (building class or property class), as well as its on-site facilities and features.

  • It is available for lease as Multi-Tenant space.

    A single-tenant industrial space is typically ideal for businesses or organizations that require exclusive and dedicated use of the entire facility. This type of space suits industries or activities that demand specialized infrastructure, privacy, and control over the entire premises.

    Multi-tenant space is ideal for businesses that need smaller spaces or that want to share the property with other businesses. The property has a variety of smaller units available

  • The property features 6 loading dock doors, ensuring that the loading and unloading of cargo in and out of the facility is both efficient and safe.

    Of these, 6 are grade level loading docks doors. These are especially useful for handling large or bulky items, as they do not require a ramp or dock leveler for loading and unloading.

  • You will find the property offers 40 parking spaces for tenants, visitors, and those conducting operations here. The parking lot is 3.

  • Reach out to listing brokers or property representatives using the contact form available on this page, to find out more about climate control and other essential systems at this property. Climate control is typically used in industrial buildings where businesses store items that are susceptible to temperature and humidity damage, such as food, pharmaceuticals, paper, textiles, and electronics.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Mark Meskauskas

Brian Properties

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