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    1720-1724 N Rand Rd Palatine, IL 60074

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    For Sale
    Contact for pricing

    Redevelopment opportunity in TIF district with high traffic counts.

    Property size:
    12,689 SF
    Lot size:
    0.88 Acres

    Property Features for 1720-1724 N Rand Rd

    General Information

    Size
    12,689 SF
    Lot size
    0.88 Acres

    Source: Troy Companies Agent Bill Gold

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Opportunity on Rand Road

    This property presents a redevelopment opportunity. The entire building includes a basement and offers approximately 15,000 square feet of space. It features about 400 feet of frontage on Rand Road, benefiting from high traffic counts. The property is zoned B-2 General Business and is situated within a TIF district. The surrounding area has a dense residential population. The property consists of four PIN numbers.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    V&J Florals, Diamond Flowers Boutique, Florist By Laura

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0245368
    Latitude
    42.1409889

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    FAQs

    What type of property is this?
    Storefront property - Redevelopment opportunity in TIF district with high traffic counts.
    Where is this storefront property located?
    The property is located at 1720-1724 N Rand Rd Palatine, IL.
    What are key features of this property?
    This property features: - Redevelopment opportunity in TIF district; - High traffic counts and ~400 feet of frontage on Rand Road; - Zoned B-2 General Business
    (773) 792-3000
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    1720-1724 N Rand Rd 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
    1720-1724 N Rand Rd Palatine, IL 60074
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