640 E Northwest Highway, Palatine, IL 60074
Cook County
Key Facts
Description
This prime commercial warehouse offers approximately 3,500 square feet of versatile space in a high-traffic, high-visibility corner location. Situated on a desirable corner lot with a large parking area, the property provides excellent accessibility and exposure for a wide range of businesses, including auto repair, vehicle sales, service operations, or light industrial use. The building features two 10' x 10' drive-in garage doors, a newer roof, and updated exterior stucco, making it a solid and well-maintained investment. There is a reception space area, garage space, Ideal for an owner-occupant or investor, this property combines functionality, visibility, and strong business potential in one exceptional opportunity. Current Taxes are being appealed
Property Information
Property Type
Commercial Sale
Sub-Type
Industrial
Year Built
1950
Stories
1
Living Area
3,500 sq ft
Lot Size
14,240 sq ft
Lot Dimensions
161x52x171x78
Zoning
COMMR
Days on Market
7
MLS® Listing#
12658287
Property Features
Cooling
Construction
Foundation
Roof
Financial Details
Annual Taxes
$32,285
Tax year 2024
Parcel Number
02232150280000
Directions
WEST OF RTE 53 ON NORTHWEST HWY AND ELMWOOD
Affordability Calculator
$105,800
Estimated monthly payment
$2,816/mo
Principal $423,200 · Est. interest $590,402 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Palatine, IL
- $426,923
- Median Listing Price
- 32
- Median Days on Market
- 1,600
- Median Sq Ft
- $244
- Median Price / Sq Ft
- 112
- Active Listings
- This home’s price is 24% above the area median.
- Its price per sq ft is 38% 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
South Campus
Elementary · 0.3 mi away
Winston Campus Junior High School
Secondary · 0.6 mi away
Palatine Community Consolidated Winston Campus
Elementary · 0.6 mi away
Academy North
School · 0.7 mi away
Gray M. Sanborn Elementary School
Elementary · 0.8 mi away
Kirk School
School · 0.9 mi away
St Coletta School
School · 1.1 mi away
Immanuel Lutheran School
Elementary · 1.1 mi away
St Thomas of Villanova
Elementary · 1.1 mi away
St Theresa School
School · 1.1 mi away
Stuart R Paddock School
Elementary · 1.2 mi away
Ccsd15
School · 1.2 mi away
Community Consolidated School District 15
School · 1.2 mi away
School of Metaphysics
School · 1.2 mi away
Quest Academy
School · 1.3 mi away
Jane Addams Elementary School
Elementary · 1.4 mi away
Lake Louise Elementary School
Elementary · 1.4 mi away
Pleasant Hill Elementary School
Elementary · 1.5 mi away
Patton Elementary School
Elementary · 1.6 mi away
Virginia Lake Elementary School
Elementary · 1.6 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 |
|---|---|---|---|---|
| 520 S Bennett Avenue, Palatine, IL | $375,000 | 3 | 2 | 1,887 |
| 150 N Cady Drive, Palatine, IL | $379,900 | 3 | 2 | 1,397 |
| 125 S Greeley Street, Palatine, IL | $399,000 | 3 | 2 | 972 |
| 1534 E Palatine Road, Palatine, IL | $399,900 | 3 | 2 | 1,700 |
| 417 S Plum Grove Road, Palatine, IL | $415,000 | 3 | 2 | 1,306 |
| 1359 E Dorothy Drive, Palatine, IL | $415,000 | 3 | 2 | 1,673 |
Moving Cost Estimate
EXIT Agents in Palatine
Listing Courtesy: Real Broker LLC - (773) 516-1111
Last Updated: 2026-05-26