605 W Colfax Street, Palatine, IL 60067
Cook County
Key Facts
Description
PRIME LOCATION and GREAT VISIBILITY on this well known corridor of Businesses near Downtown Palatine and across from Palatine Post Office. Original Owners of this flagship Welding and Fabricating business have Retired and this almost 5000 sq. ft. Building Offers a Blank Canvas for YOU!!!! Excellent Street and Sign Exposure with 15' Ceiling Heights, 4 Overhead Garage Doors, Large Back and Side Lots with a Steel Shipping Container included for Extra Storage, 2 Large Inside Loft Spaces, 2 Bathrooms and a Small Cozy Office. This is a Must See as Owners are offering Building less than Appraised Value-Built to Last with Lots of Extras! Inside Space offers endless Possibilities to Start/Move/Expand your Business. Now Vacant and Easy to Show. Truly "One of a Kind".
Property Information
Property Type
Commercial Sale
Sub-Type
Industrial
Year Built
1968
Stories
1
Living Area
4,800 sq ft
Lot Size
10,400 sq ft
Lot Dimensions
103 X 100
Zoning
INDUS
Days on Market
8
MLS® Listing#
12702962
Property Features
Construction
Financial Details
Annual Taxes
$27,023
Tax year 2025
Parcel Number
02151020420000
Directions
From Quentin Rd go East on South side of Street From Smith Rd go West on South side of Street Near Palatine Post Office
Affordability Calculator
$119,980
Estimated monthly payment
$3,193/mo
Principal $479,920 · Est. interest $669,531 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Palatine, IL
- $433,333
- Median Listing Price
- 31
- Median Days on Market
- 1,650
- Median Sq Ft
- $244
- Median Price / Sq Ft
- 112
- Active Listings
- This home’s price is 38% above the area median.
- Its price per sq ft is 49% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Palatine, IL.
Location
Points of Interest in Palatine, IL
Showing the Palatine area map.
Nearby Schools
School of Metaphysics
School · 0.5 mi away
Immanuel Lutheran School
Elementary · 0.7 mi away
Stuart R Paddock School
Elementary · 0.7 mi away
Quest Academy
School · 0.8 mi away
St Theresa School
School · 0.8 mi away
Marion Jordan Elementary School
Elementary · 0.9 mi away
Walter R Sundling Junior High School
Secondary · 0.9 mi away
A+ Day School
School · 1.0 mi away
Gray M. Sanborn Elementary School
Elementary · 1.0 mi away
Community Consolidated School District 15
School · 1.1 mi away
Ccsd15
School · 1.1 mi away
Kirk School
School · 1.3 mi away
Pleasant Hill Elementary School
Elementary · 1.4 mi away
Lincoln Elementary School
Elementary · 1.4 mi away
William Fremd High School
Secondary · 1.6 mi away
Hunting Ridge Elementary School
Elementary · 1.7 mi away
Winston Campus Junior High School
Secondary · 1.9 mi away
Palatine Community Consolidated Winston Campus
Elementary · 1.9 mi away
Academy North
School · 1.9 mi away
Virginia Lake Elementary School
Elementary · 1.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 151 S Ashland Avenue, Palatine, IL | $429,900 | 3 | 2 | 1,900 |
| 274 Pleasant Hill Boulevard, Palatine, IL | $429,900 | 3 | 2 | 1,427 |
| 620 N CHARTER HALL Drive, Palatine, IL | $429,900 | 2 | 3 | 1,790 |
| 237 N Babcock Drive, Palatine, IL | $434,900 | 3 | 2 | 1,397 |
| 215 S Forest Avenue, Palatine, IL | $440,000 | 3 | 3 | 1,499 |
| 2390 N Newberry Lane, Palatine, IL | $440,000 | 3 | 3 | 1,740 |
Moving Cost Estimate
EXIT Agents in Palatine
Listing Courtesy: Keith C. Vargo Enterprises - 8474717498
Last Updated: 2026-07-12