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    1546 E Dundee Rd Palatine, IL 60074

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    For Sale
    $4,700,000

    Commercial land with redevelopment potential and convenient highway access.

    Lot size:
    5.47 Acres

    Property Features for 1546 E Dundee Rd

    General Information

    Lot size
    5.47 Acres

    Source: Colliers | Chicago Rosemont Agent Anne Dempsey

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

    Overview

    Palatine Commercial Land for Sale

    This commercial land is located within a new Tax Increment Financing (TIF) district, anticipated for approval in August. The property benefits from convenient access to a full 4-way interchange at Route 53. The location offers close proximity to over 20 restaurants. On-site management and engineering services are available. Updated lobbies and landscaping enhance the property. There is a potential assemblage or redevelopment opportunity.
    Location Intelligence

    Current Use by Public Records

    Tommy Z Pur ... Sports Club

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0083405
    Latitude
    42.1415551

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    FAQs

    What type of property is this?
    Land - Commercial land with redevelopment potential and convenient highway access.
    Where is this land located?
    The property is located at 1546 E Dundee Rd Palatine, IL.
    What is the asking price?
    The asking price for this property is $4,700,000.
    What are key features of this property?
    This property features: - Located in new TIF District (approval expected in August); - Easy access to full 4-way interchange at Route 53; - Potential assemblage/redevelopment opportunity
    (847) 989-8359
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    1546 E Dundee 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
    1546 E Dundee Rd Palatine, IL 60074
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