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$529,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 3,500 Sq. Ft.
  • Updated 19 hours ago
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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 plus large basement for extra storage. Ideal for an owner-occupant or investor, this property combines functionality, visibility, and strong business potential in one exceptional opportunity.

Full Property Details for 640 E Northwest Hwy

General

  • Price: $529,000
  • Taxes: $32,284 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12658287
  • Updated: 5/26/2026
  • Added to Site: 3 day(s) ago

Location

  • Area: Palatine
  • County: Cook
  • Township: Wheeling
  • Driving Directions: WEST OF RTE 53 ON NORTHWEST HWY AND ELMWOOD
  • Location Details: Northwest Suburban

Heating & Cooling

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

Structural Information

  • Construction: Block
  • Exterior Const.: Block
  • Foundation: Concrete Perimeter
  • Roof: Membrane
  • Drive-In Doors: 2
  • Stories/Levels: 1
  • Square Feet: 3,500
  • Year Built: 1950
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Sq. Ft.): 14,240
  • Lot Dimensions: 161 x 52 x 171 x 78
  • Frontage: City Street
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Assessment Year: 1950
  • Tax Amount: $32,284.6
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 2232150280000

Listed by Real Broker LLC

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Listing agents

— 640 E Northwest Hwy —

  • Real Broker LLC

  • Real Broker LLC

(773) 516-1111

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NMLS#: 1598647

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

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

Schools serving 640 E Northwest Hwy

School Districts:Palatine Community Consolidated School District 15, Township High School District 211
NameGradesDistance
Virginia Lake Elementary School
925 North Glenn Drive, Palatine, IL 60074
K-51.6 mi
Winston Campus Jr High School
120 North Babcock Drive, Palatine, IL 60074
6-80.6 mi
Palatine High School
1111 North Rohlwing Road, Palatine, IL 60074
9-121.9 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 640 E Northwest Hwy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/26/2026
Listed
$529,000
32.25%
MLS
5/01/2006
Sold
$400,000
—
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 640 E Northwest Hwy

Year
Property Taxes
Change
Tax Assessment
Change
2023
$23,978
—
$100,250
24%
2023
$23,978
3%
$80,994
—
2022
$23,197
-29%
$80,994
-19%
2021
$32,535
2%
$100,178
—
2020
$32,049
12%
$100,178
—
2019
$28,730
87%
$100,178
102%
2018
$15,380
2%
$49,491
—
2017
$15,089
8%
$49,491
—
2016
$14,033
-2%
$49,491
6%
2015
$14,281
1%
$46,481
—
2014
$14,108
3%
$46,481
—
2013
$13,724
12%
$46,401
1%
2012
$12,293
—
$45,851
—
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 Real Broker LLC

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640 E Northwest Highway, Palatine, IL 60074 (MLS# 12658287) is a Commercial property. 640 E Northwest Highway is currently listed for $529,000 and was received on May 26, 2026. Want to learn more about 640 E Northwest Highway? Do you have questions about finding other Commercial real estate for sale in Palatine? You can browse all Palatine real estate or contact a Coldwell Banker agent to request more information.

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