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345 N Eric Drive, Palatine, IL 60067
$2,208,000
345 N Eric Drive, Palatine, IL 60067View this property at 345 N Eric Drive, Palatine, IL 60067
345 N Eric DrivePalatineIL60067
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Property Description
The subject property is a 35,175-square-foot industrial building built in 1970 and recently renovated, located on the north side of Palatine near the downtown area just off of Colfax Street, in Cook County. The property sits on approximately 1.65 acres of land. The building was designed as a single-tenant building, but with minor modifications, it now accommodates seven tenants. The property can easily be converted back to a true owner/user or can be sold as an investment. An owner/user buyer could occupy between 15,000 SF - 35,175 SF.
Full Property Details
Full Property Details for 345 N Eric Dr
General
- Price: $2,208,000
- Taxes: $31,808 (2021)
- Status: Active
- Type: Manufacturing
- MLS ID: 11255877
- Updated: 4/2/2024
- Added to Site: 922 day(s) ago
Additional Information
- Security/Safety: Other
Parking
- Parking Features: 51 to 100 Spaces
Location
- Area: Palatine
- County: Cook
- Township: Palatine
- Driving Directions: Northwest Hwy to Colfax west to Eric Drive north
- Location Details: Northwest Suburban, Central Business District, Corner, Industrial Area/Campus
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Forced Air
Structural Information
- Exterior Const.: Brick
- Drive-In Doors: 1
- # Loading Docks: 1
- Stories/Levels: 1
- Square Feet: 34,500
- Current Bldg. Use: Commercial
- Year Built: 1970
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 1.65
- Lot Size (Sq. Ft.): 70,089
- Lot Dimensions: 359 x 204
- Frontage: City Street, Public Road
- Potential Use: Commercial, Industrial, Office and Research, Other, Single Room Occupancy
- Zoning: MANUF
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $65,430
- Security Deposit: Other
- Assessment Year: 1970
- Tax Amount: $31,808
- Tax Year: 2021
Disclosures and Reports
- Property ID: 2154320210000
Listed by Sperry Van Ness
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Schools
Schools serving 345 N Eric Dr
School Districts:Palatine Community Consolidated School District 15, Township High School District 211
Rating | Name | Grades | Distance |
---|---|---|---|
101 N Oak St, Palatine, IL 60067 | K-6 | 0.8 mi | |
1100 N Smith St, Palatine, IL 60067 | 7-8 | 0.9 mi | |
1111 N Rohlwing Rd, Palatine, IL 60074 | 9-12 | 1.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 345 N Eric Dr
Date
Details
Price
Change
Source
3/07/2024
Price Reduced
$2,208,000
-6.04%
MLS
5/01/2023
Price Reduced
$2,350,000
-5.39%
MLS
10/26/2021
Listed
$2,484,000
235.68%
MLS
4/15/2015
Sold
$740,000
—
Public Record
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
Tax History for 345 N Eric Dr
Year
Property Taxes
Change
Tax Assessment
Change
2022
$37,531
-4%
$131,040
9%
2021
$38,973
2%
$120,000
—
2020
$38,391
-2%
$120,000
-13%
2019
$39,365
19%
$137,260
29%
2018
$33,187
2%
$106,789
—
2017
$32,559
8%
$106,789
—
2016
$30,279
33%
$106,789
44%
2015
$22,737
-39%
$74,000
-40%
2014
$37,261
3%
$122,763
—
2013
$36,308
10%
$122,763
—
2012
$32,913
—
$122,763
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 345 N Eric Dr
345 N Eric Drive, Palatine, IL 60067 (MLS# 11255877) is a Manufacturing property. 345 N Eric Drive is currently listed for $2,208,000 and was received on October 26, 2021. Want to learn more about 345 N Eric Drive? Do you have questions about finding other Manufacturing real estate for sale in Palatine? You can browse all Palatine real estate or contact a Coldwell Banker agent to request more information.