20140-20152 Rand Rd Palatine, IL 60074

OFF-MARKET

Land

2.98 ac lot

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This exceptional 2.98-acre commercial land parcel presents a remarkable development opportunity in Deer Park, Illinois. Strategically located on Rand Road (US Route 12), just north of Lake Cook Road, this property boasts 176 feet of frontage on a major thoroughfare experiencing high traffic volume—44,940 vehicles daily. The site is zoned P - Planned Development, allowing for uses compatible with a general business district (specific permitted uses are detailed in the zoning documents). Two parcels comprise the total acreage: 20140 N. Rand Rd (69,202 sq ft, PIN 14-35-300-031) and 20152 N. Rand Rd (60,118 sq ft, PIN 14-35-300-030). The land value is $14.63 per square foot. The asking price is $1,900,000. 2021 property taxes totaled $20,930.90. This prime location offers unparalleled visibility and accessibility, making it ideal for a variety of commercial ventures. Detailed zoning information is available upon request. Don't miss this chance to acquire a highly desirable commercial property in a thriving area.

Property type Land

Lot 2.98 ac (129,809 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

20140-20152 Rand Rd Palatine, IL 60074

Palatine metro

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6 recent transactions · within 1.5 mi

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