Redevelopment Opportunity in Palatine,
For Sale
Contact for pricing
1720-1724 N Rand Rd, Palatine, IL 60074
Vacant building on 1.83 acres for redevelopment.
Property Size13,890 SF
Lot Size1.83 Acres
Price / SF$197.98
Days on Market192
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
Investment Type
Redevelopment
Building Details
Year Built
1996
Buildings
1
Stories
1
Listing Agency:
Horvath & Tremblay
(312) 361-1643
Listed By:
John Przybyla · License #471010441
Source:
Crexi
Added: Feb 9
Changed: Aug 14
Last Checked: Aug 19 at 9:24PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
970
Businesses Nearby
Explore this area
Business Placement
Demographics for 60074, IL
37,705
Population
14,953
Households
2.5
Avg Household Size
38
Median Age
42%
College-Educated
85%
High-School Grad
7.1 sq mi
ZIP Area
5,311
Density / Sq Mi
$81,911
Median Household Income
$45,217
Median Earnings
$1,429
Median Rent
$307,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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 $2,750,000.
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.
