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    20638 Lake Cook Rd Palatine, IL 60074

    For Sale
    $514,000

    Land - Palatine, IL

    Lot size:
    3.20 Acres
    Days on Market:
    142
    Last Refresh:
    Dec 8 at 9:06 am

    Property Features for 20638 Lake Cook Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OTHER
    APN
    14353000210000
    Lot size
    3.20 Acres

    Building Details

    Architectural style
    Other

    Chicagoland Brokers Inc. (773) 745-1000 [email protected]

    Listing agent David Mirdadi (773) 745-1000 License #475169580

    Listing date Jul 20, 2025

    MLS# 12411752 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

    Palatine Land For Sale

    This vacant land, totaling 141,042 square feet across five PINs, is located in an area with high traffic volume. The property is located near the intersection of Rand Road and Lake Cook Road, with a Starbucks, Hyundai, and Chevrolet dealership as cross streets. Situated in unincorporated Lake County, it carries a Palatine, IL address and is zoned "E Estate". The land is located in LAKE ZURICH COMMUNITY UNIT SCHOOL DISTRICT #95. The lot size includes part of the lake. Developers are welcome to explore the potential for establishing a successful business at this location. Additional details can be found on the Lake County website.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.04337
    Latitude
    42.15395

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    FAQs

    What type of property is this?
    Land - Vacant land in high-traffic area near Rand and Lake Cook.
    Where is this land located?
    The property is located at 20638 Lake Cook Rd Palatine, IL.
    What is the asking price?
    The asking price for this property is $514,000.
    What are key features of this property?
    This property features: - High-traffic location near Rand Rd and Lake Cook Rd, offering excellent business visibility.; - Large land area: 141,042 sqf total across 5 vacant lots.; - Located in Lake Zurich Community Unit School District #95.
    (773) 745-1000
    Request Owner's contact information
    20638 Lake Cook 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
    20638 Lake Cook Rd Palatine, IL 60074
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