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    OFF-MARKET
    Land

    20140-20152 Rand Rd, Palatine, IL 60074

    2.98 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 2.98 ac (129,809 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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