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$475,000 Just Listed

  • For Sale
  • Active
  • Commercial Residential Facility
  • 6,476 Sq. Ft.
  • Updated 10 hours ago
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Set in a park-like environment with flowing waterways and brick-paved roads and walkways; Located only minutes away from expressways, tollways, O'Hare International Airport and downtown Chicago. Lower level office space in the building vacant for buyer to occupy. 1st & 2nd Floors fully leased with long standing tenants. Lease expiration 2028.

Full Property Details for 1626 Colonial Pkwy

General

  • Price: $475,000
  • Taxes: $21,725 (2024)
  • Status: Active
  • Type: Commercial Residential Facility
  • Source: MRED
  • MLS ID: 12726325
  • Updated: 8/7/2026
  • Added to Site: 3 day(s) ago

Additional Information

  • Security/Safety: Fire Extinguisher(s), Hydrants on Site, Smoke or Fire Protectors

Location

  • Area: Inverness
  • County: Cook
  • Township: Palatine
  • Driving Directions: North on Roselle to Colonial Parkway
  • Location Details: Northwest Suburban

Heating & Cooling

  • Cooling Type: Central Air Conditioning, Central Individual
  • Heating Type: Central Building Heat, Forced Air, Gas

Structural Information

  • Construction: Wood, Cedar
  • Exterior Const.: Wood, Cedar
  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Stories/Levels: 2
  • Square Feet: 6,476
  • Year Built: 1986

Unit Information

  • # Tenants: 3

Lot Features

  • Lot Dimensions: condo
  • Zoning: OFFIC

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Operating Expenses: $29,804
  • Security Deposit: Fire Extinguisher/s, Hydrants On Site, Smoke or Fire Protectors
  • Assessment Year: 1986
  • Tax Amount: $21,725
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 2283010681008

Listed by New London Realty Inc

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Listing agent

— 1626 Colonial Pkwy —

  • New London Realty Inc

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1626 Colonial Pkwy

School Districts:Township High School District 211, Palatine Community Consolidated School District 15
NameGradesDistance
Marion Jordan Elementary School
100 North Harrison Avenue, Palatine, IL 60067
K-52 mi
Wm Fremd High School
1000 South Quentin Road, Palatine, IL 60067
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1626 Colonial Pkwy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/05/2026
Listed
$475,000
50.79%
MLS
10/05/2012
Sold
$315,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1626 Colonial Pkwy

Year
Property Taxes
Change
Tax Assessment
Change
2023
$21,725
—
$73,250
6%
2023
$21,725
3%
$69,050
—
2022
$21,135
-19%
$69,050
-10%
2021
$26,182
2%
$76,500
—
2020
$25,670
12%
$76,500
—
2019
$22,854
24%
$76,500
33%
2018
$18,389
2%
$57,676
—
2017
$18,037
-23%
$57,766
-28%
2016
$23,456
-21%
$80,395
-15%
2015
$29,767
90%
$94,142
87%
2014
$15,666
8%
$50,287
4%
2013
$14,567
-1%
$48,279
-10%
2012
$14,730
—
$53,821
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by New London Realty Inc

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1626 Colonial Parkway, Inverness, IL 60067 (MLS# 12726325) is a Commercial Residential Facility property. 1626 Colonial Parkway is currently listed for $475,000 and was received on August 05, 2026. Want to learn more about 1626 Colonial Parkway? Do you have questions about finding other Commercial Residential Facility real estate for sale in Inverness? You can browse all Inverness real estate or contact a Coldwell Banker agent to request more information.

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