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Listing provided courtesy of Real Broker LLCMREDas Distributed by MLSGrid- MLS# 12658287MLS Provider

640 E Northwest HighwayPalatine, IL 60074

Commercial · 3,500 Sq. ft.
$529,000 Active

640 E Northwest Highway Overview

Time on Site:
34 days
Visits:
0

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

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640 E Northwest Highway Facts & Features

  • Type Commercial
  • Sq. ft. 3,500
  • Price/Sq.ft. $151

Details

General

Income/Expenses

  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1950

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Palatine
  • Township: Wheeling

Rent/Lease Information

  • Tenant Pays: Other

Tax Information

  • Tax Annual Amount: $32,284.60
  • Tax Year: 2024

General Information

  • New Construction: No
  • Parcel Number: 02232150280000
  • Property Sub Type: Other
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 3500

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Service - 101 to 200 Amps
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 3500
  • Stories: 1

Unit Information

  • Unit SqFt.: 3500

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Acres: 0
  • Lot Size Dimensions: 161x52x171x78
  • Lot Size Square Feet: 14240

Building Exterior/Construction

  • Construction Materials: Block
  • Roof: Membrane

General Information

  • Number Of Units Total: 1

640 E Northwest Highway Neighborhood

Community

60074 (PALATINE) Demographics

35
Median Age
5,186
Population Density (per sq. mile)
48%
College Educated
$69,416
Estimated Median Income
8,708
Estimated Total Home Owners
5,785
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

640 E Northwest Highway Monthly Cost

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$ %
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$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

640 E Northwest Highway Market Data

Based on the last 30 days in this zip code

$392,934
Average List Price
$235
Average Price per Square Foot
30
Properties Sold
45
Average Days on Market
104
Properties for Sale
Calculations provided by Reliance Network

640 E Northwest Highway History

Date Event Value Agent
5/31/2026Source: MRED Status Change
Active
5/26/2026Source: MRED Added to Database
May 26, 2026