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    20073 N Hazelcrest Rd Palatine, IL 60074

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    For Sale
    $840,000

    5-acre residential redevelopment land near shopping and transportation.

    Lot size:
    5.00 Acres

    Property Features for 20073 N Hazelcrest Rd

    General Information

    Lot size
    5.00 Acres
    Source: Moodyscre

    Listing Agent: Mike Velasco

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

    Overview

    Residential Redevelopment Land Near Retail

    This property features approximately 5 acres of residential redevelopment land. It offers access to Lake Cook Road via Hazelcrest Road and is conveniently located near various shopping and dining options, including Whole Foods, Deer Park Town Center, Shops at Kildeer, and Kildeer Village Square. The property is also in close proximity to IL-53, offering convenient transportation access.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0381927
    Latitude
    42.1547711

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    FAQs

    What type of property is this?
    Land - 5-acre residential redevelopment land near shopping and transportation.
    Where is this land located?
    The property is located at 20073 N Hazelcrest Rd Palatine, IL.
    What is the asking price?
    The asking price for this property is $840,000.
    What are key features of this property?
    This property features: - 5± Acres of Residential Redevelopment Land; - Access to Lake Cook Road via Hazelcrest Road; - Conveniently located near Whole Foods, Deer Park Town Center, Shops at Kildeer, and Kildeer Village Square
    (847) 409-0232
    Request Owner's contact information
    20073 N Hazelcrest 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
    20073 N Hazelcrest Rd Palatine, IL 60074
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