20270 North Rand Road Palatine, IL 60074
- Added:
- Mar 28, 2026
- Days on Market:
- 41
- Last Refresh:
- Mar 31 at 8:09 pm
Property Features for 20270 North Rand Road
General Information
- Standard status
- Active
- Lot size
- 3.54 Acres
- Property subtype
- Land
Listing agent David Urbaniak License #475114531 (773) 641-9459
Listing office @properties Christie’s International Real Estate (773) 641-9459
Listing date Mar 28, 2026
Source Compass
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 @properties Christie’s International Real Estate
HighLights
- High income potential: $8K/month from cell tower lease, $10K/month from automotive repair leases, and $7K/month from contractor parking.
- Prime development opportunity: 3.54 acres in Deer Park with potential for residential or mixed‑use development.
- Excellent location: 107 feet of frontage on Rand Road with high traffic volume (44,900 vehicles/day).
- Cell tower lease in place: Generates income until 2031/33 (almost 8 years remaining).
- Existing building with automotive repair leases: Provides immediate income stream.
- Located in TIF Area #1: Potential access to tax increment financing for development.
Overview
3.54 Acres in Deer Park
This 3.54-acre parcel in Deer Park is currently generating income from multiple sources. A T-Mobile cell tower on the property earns $8,000 per month with a lease extending until 2031/33, approximately eight years remaining. Additionally, automotive repair companies leasing space in a building on the property contribute $10,000 per month, and contractor vehicle parking generates approximately $7,000 per month, both on a month-to-month basis. The location offers 107 feet of frontage on Rand Road, with an IDOT vehicle count of 44,900 vehicles per day. The area is designated as TIF Area #1. Deer Park has expressed interest in the parcel being developed into residential or mixed-use.
Location Intelligence
Current Use by Public Records
Jeebs automotive
Auto Repair Shop
Auto Star Transmissions
Auto Repair Shop
D & M Rolloff ...
General Contractor
Location Insight
- Map
- Local Demand
- City
- Palatine
- County
- Cook
- State
- Illinois
- Longitude
- -88.0450062
- Latitude
- 42.1571737
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 3.54-acre parcel with income and development potential.
Where is this commercial land located?
The property is located at 20270 North Rand Road Palatine, IL.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: High income potential: $8K/month from cell tower lease, $10K/month from automotive repair leases, and $7K/month from contractor parking.; Prime development opportunity: 3.54 acres in Deer Park with potential for residential or mixed‑use development.; Excellent location: 107 feet of frontage on Rand Road with high traffic volume (44,900 vehicles/day).
