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2070 North Rand Road, Palatine, IL 60074

Community shopping center with grocery anchor and high traffic counts.

Space SizeContact for details
Property Size13,873 SF
Days on Market255

Property Features for 2070 North Rand Road

General Information

Standard status Active
Size 13,873 SF
Property subtype Retail
Listing Agency: CBRE | Chicago
Listed By: Sean McCourt
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Aug 3 at 5:30AM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

This community shopping center features a grocery anchor and benefits from daily needs traffic. The location has a population density of 236,001 people within a 5-mile radius. High traffic counts exceed 46,700 vehicles per day. Multiple access points are available from Rand Road and Hicks Road. The property is situated in a northwest suburban location within the Metro Chicago area. The property size is 13,873 square feet.

Key Highlights

  • Grocery Anchor
  • High Traffic Counts: Over 46,700 VPD
  • Boasts 236,001 People within 5 miles

Property Analytics

Current Use

Character Martial Arts Training Center Medical Holistic Health ... Physician Butera Market Grocery & Convenience Store Western Union Bank Dr. Vartan Chakalian Alternative Medicine Practice

Suggested Use

Top Pick Law Firm Accounting Firm (Bike/Boat/Book/etc) Store Acupuncture Veterinary Clinic Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

690
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 92% Home Improvements & Furnishings 5% Hotels & Casinos 3%
Speedway Shops & Services
16,329 visits/mo 0.4 miles
Public Storage Shops & Services
2,251 visits/mo 0.5 miles
Walter E. Smithe Home Improvements & Furnishings
993 visits/mo 0.3 miles
Red Roof Inn Palatine Hotels & Casinos
668 visits/mo 0.1 miles

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Community shopping center with grocery anchor and high traffic counts.
Where is this shopping center located?
The property is located at 2070 North Rand Road Palatine, IL.
What are key features of this property?
This property features: Grocery Anchor; High Traffic Counts: Over 46,700 VPD; Boasts 236,001 People within 5 miles
More about this property
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