Redevelopment Opportunity in Palatine,
1720-1724 N Rand Rd, Palatine, IL 60074
Call to check price and availability
Vacant building on 1.83 acres for redevelopment.
Type:Retail
Property size:
13,890 SFLot size:
1.83 AcresPrice / SF:
$215/SF- Added:
- Feb 9, 2026
- Days on Market:
- 102
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1720-1724 N Rand Rd
General Information
- Standard status
- Active
- Size
- 13,890 SF
- Lot size
- 1.83 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1996
Listing agent John Przybyla License #471010441
Listing office Horvath & Tremblay (312) 361-1643
Listing date Feb 9, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
HighLights
- Redevelopment opportunity on a 1.83‑acre parcel with versatile B‑2 Commercial zoning.
- Outstanding frontage and visibility on N Rand Road (US Route 12).
- Located 0.2 miles from the intersection of N Rand Road and Dundee Road (IL Route 68), major commercial corridors.
- Proximity to IL Routes 68 and 53 and US Routes 12 and 14.
- Close to Palatine and Arlington Park Metra Stations providing access to Chicago.
- Surrounded by national and local retailers and restaurants, near residential areas.
Overview
This redevelopment opportunity is located at 1720-1724 N Rand Road in Palatine, Illinois. The property consists of four adjacent tax parcels improved by a vacant 13,980 square foot single-story building on a combined 79,870 square foot (1.83-acre) parcel of land. It is zoned B-2 Commercial (General Business District), one of the most versatile zoning designations in the city of Palatine. The property offers the opportunity to redevelop a larger parcel with frontage and visibility. Located along N Rand Road (US Route 12), the property is 0.2 miles from the intersection with Dundee Road (IL Route 68), two of the area’s primary commercial and commuter corridors. It is surrounded by national and local retailers and restaurants and is convenient to dense residential neighborhoods and apartment communities. The property enjoys proximity to IL Routes 68 and 53 and US Routes 12 and 14 and is a short drive or bus ride from the Palatine and Arlington Park Metra Stations for access to Chicago and the surrounding areas. The high-demand for real estate with proximity to the Metra Station and area highways makes this a great opportunity for an investor seeking a redevelopment site in the Chicago MSA.
Location Intelligence
Current Use by Public Records
Commercial land
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?
Commercial land - Vacant building on 1.83 acres for redevelopment.
Where is this commercial land located?
The property is located at 1720-1724 N Rand Rd Palatine, IL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Redevelopment opportunity on a 1.83‑acre parcel with versatile B‑2 Commercial zoning.; **Outstanding frontage and visibility on N Rand Road (US Route 12).**; Located 0.2 miles from the intersection of N Rand Road and Dundee Road (IL Route 68), major commercial corridors.
