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    1597 N Rand Rd Palatine, IL 60074

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    For Sale
    Contact for pricing

    Office space available immediately near a busy intersection.

    Property size:
    2,460 SF
    Lot size:
    0.51 Acres

    Property Features for 1597 N Rand Rd

    General Information

    Size
    2,460 SF
    Lot size
    0.51 Acres

    Source: First Street Retail Partners, LLC Agent Allen Joffe

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

    Overview

    Office Space Near Rand Road

    This 2460 square foot office space is available immediately. It is located near the intersection of Rand and Dundee Roads, which has a combined vehicle per day count of 55,200 based on 2022 data from IDOT. The property is adjacent to Einstein Bros. Bagels and Denny's. The surrounding area includes retailers and restaurants such as Walmart, Home Depot, Target, Petco, Hobby Lobby, Chase Bank, Starbucks, Panera, and Chipotle.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0200162
    Latitude
    42.138323

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    FAQs

    What type of property is this?
    Office space - Office space available immediately near a busy intersection.
    Where is this office space located?
    The property is located at 1597 N Rand Rd Palatine, IL.
    What are key features of this property?
    This property features: - High-traffic location at the intersection of Rand and Dundee Roads (55,200 VPD); - Immediate availability; - Adjacent to Einstein Bros. Bagels and Denny's
    (224) 355-2007
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    1597 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
    1597 N Rand Rd Palatine, IL 60074
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