Palatine, IL Gas stations for sale

Updated: Oct 10, 2025

New Gas Station Ground Lease

20227 N Rand Rd, Palatine, IL

$7,775,000

5,938 sqft · 1.48 AC lot

Brand new 20 year absolute NNN Corp. ground lease
Strong Corp guarantee by Thortons LLC (200+ locations)
Purchased by BP (NASDAQ: BP)
High profile signalized corner
Rand Rd (Hwy 12) - Main commercial artery

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Updated: Feb 8, 2023

New Construction Thorntons Ground Lease

20201 N Rand Rd, Palatine, IL 60074

$7,775,000

5,938 sqft · 5.18 AC lot

New construction absolute NNN ground lease with Thorntons.
20‑year primary term with six 5‑year options.
10% rent increases every 5 years.
Located on Rand Road (US Route 12) with over 49,700+ VPD.
Located in the Chicago MSA (population: 8.9 million).

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Based on your search, we've compiled 29 Potential Opportunities for your consideration. Besides 2 Active listings in Palatine, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 19 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Citgo Gas Station For Sale

400 Northwest Highway, Fox River Grove, IL 60021

$1,500,000

0.17 AC lot

Thriving gas station with fuel agreement and potential for expansion.

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Convenience Store with Gas Station

7401 Jensen Boulevard, Hanover Park, IL 60133

$139,000

0.91 AC lot

Convenience store portion of a gas station with lottery, ATM, air, and coin machine income streams and long operating hours.

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Gas Station with Repair Service

1205 S Northwest Highway, Barrington, IL 60010

$499,000

Gas station with car repair service on busy main street.

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Established Gas Station For Sale

Mount Prospect, IL 60056

$2,100,000

Operating gas station in northwest suburbs with high traffic.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land Near Retail

Lots 2-3 4 Northwest Highway, Cary, IL 60013

$599,832

1.97 AC lot

1.97 acre commercial development land near established retailers.

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Elgin Land Development Opportunity

40 Acres Randall Road, Elgin, IL 60123

$10,000,000

40.40 AC lot

40.4 acres on Randall Road, ideal for mixed-use development.

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Commercial Property in Wonder Lake

7312 Hancock Drive, Wonder Lake, IL 60097

$300,000

0.31 AC lot

Commercial property available in Wonder Lake, Illinois.

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Corner Lot Near Downtown Aurora

359 W Galena Boulevard, Aurora, IL 60506

$125,000

0.42 AC lot

18295 SF corner lot near booming downtown Aurora.

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Off-Market Properties in Palatine, IL

Consider similar Off-Market properties in Palatine, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.