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    20420 N Rand Rd Palatine, IL 60074

    For Sale
    $2,500,000

    Land - Deer Park, IL

    Lot size:
    1.94 Acres
    Days on Market:
    45
    Last Refresh:
    Dec 7 at 8:06 pm

    Property Features for 20420 N Rand Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    PUD
    APN
    14344000090000
    Lot size
    1.94 Acres

    Building Details

    Architectural style
    Other

    APEX Properties (630) 730-2739 [email protected]

    Listing agent Laura Levenson (630) 730-2739 License #471018660

    Listing date Oct 24, 2025

    MLS# 11369978 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rand Road Development Opportunity

    This 1.91-acre commercial land is a prime development opportunity located on Deer Park's Rand Road corridor in Chicago's Northwest Suburbs. The property features 100 feet of frontage on Rand Road and is zoned PUD. The site is located just south of the Deer Park Towne Lifestyle Center, which hosts a multitude of retailers and restaurants. The property was recently approved for annexation to Deer Park, with TIF District creation. There is a non-operational tavern on the property (John's Pub); however, the value is strictly in the land. The property can be combined with adjacent lots for development expansion.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Spa & Massage Auto Repair Shop Hotel & Motel Hair Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.049993
    Latitude
    42.159164

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    FAQs

    What type of property is this?
    Commercial land - 1.91 AC land with frontage on Rand Road.
    Where is this commercial land located?
    The property is located at 20420 N Rand Rd Palatine, IL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Prime development opportunity in Deer Park's Rand Road corridor.; - 1.91 AC with 100 feet of Rand Road frontage.; - Recently approved annexation to Deer Park with TIF District creation.
    (630) 730-2739
    Request Owner's contact information
    20420 N Rand Rd Palatine, IL 60074
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    Palatine, IL 60074
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20420 N Rand Rd Palatine, IL 60074
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