345 N Eric Drive

Description

The subject property is a 34,500 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 - 34,500 SF. Currently, the property is occupied by 7 tenants, including the owner's businesses which occupy three of the units. The building is more suited for an owner/user and the tenants are all on short-term leases. The owner's businesses will vacate the building and the tenants can be easily vacated as well, providing a full building for an owner/ user. The property has been significantly renovated including many upgrades. There is a new office area along with new restrooms in one of the tenant spaces. There are a total of 6 restrooms and the majority are ADA compliant. Lighting has been upgraded as well. The building sits on a concrete slab and features two exterior truck-level loading docks, and a 16' drive-in-door. The ceiling heights range from 14 to 16 feet. Four 15-to-20-ton rooftop HVAC units and one interior unit service the building. The HVAC is relatively new, replaced approximately three years ago. The roofing was recently overlaid with a single-ply roofing system. There is a new storm sewer on the property and a total of 56 parking spots, providing significant parking for this property.