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    Property profile & analytics

    1590 Rand Rd Palatine, IL 60074-8510

    • Retail space
    • 1.54 lot acres
    OFF-MARKET
    Value Estimation
    $440,000
    Location Intelligence
    Property ID
    US28-1245033
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • T-Mobile / Internet Service Provider / Telecommunications Service Provider
    • Vital Dental / Dentist / Cosmetic Dentist
    • Therapeutic Life Counseling, PC / Mental Health Clinic
    • John Villegas - State Farm Insurance Agent / Auto Insurance Agency / Home Insurance Agency
    • Palatine Podiatry Center / Medical Clinic / Podiatrist

    Property Details for 1590 Rand Rd

    Year built
    1997
    Lot size
    1.54 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    02-12-100-125
    APU
    212100125

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $430,000

    • CAP approach

      CAP return
      Estimation
      6%
      $445,000
      6.5%
      $465,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $435,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $450,000
      Retail
      $445,000
      Mixed-Use
      $515,000
      Hospitality
      $420,000
      Educational
      $445,000
      Residential Income
      $525,000
      Energy
      $450,000
      Income-Based Land
      $415,000
      Food Service
      $525,000

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.0215
    Latitude
    42.1381
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $139,912
    $252,213
    $236,296
    $488,509
    -
    $1,008,852
    $945,184
    $1,954,036

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      530 Enw Hwy

      STORE, RETAIL OUTLET • 0.17 Acres
      530 Enw Hwy, Palatine, IL 60074-6355
      View Details
    • Value Estimation by Request
      0.34 Acres

      666 Enw Hwy

      STORE, RETAIL OUTLET • 0.34 Acres
      666 Enw Hwy, Palatine, IL 60074-6354
      View Details
    • Value Estimation by Request
      10.05 Acres

      1555 Rand Rd

      STORE, RETAIL OUTLET • 10.05 Acres
      1555 Rand Rd, Palatine, IL 60074-2919
      View Details
    • Value Estimation
      $1,330,000
      205.48 Acres

      1000 Wilke Rd

      STORE, RETAIL OUTLET • 205.48 Acres
      1000 Wilke Rd, Palatine, IL 60074
      View Details
    • Value Estimation
      $220,000
      0.25 Acres

      416 Enw Hwy

      STORE, RETAIL OUTLET • 0.25 Acres
      416 Enw Hwy, Palatine, IL 60074
      View Details
    • Value Estimation
      $430,000
      1.48 Acres

      1540 Dundee Rd Ste, Unit 210

      STORE, RETAIL OUTLET • 1.48 Acres
      1540 Dundee Rd Ste, Palatine, IL 60074-8320
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,689 SF

      Redevelopment Opportunity on Rand Road

      Redevelopment opportunity in TIF district with high traffic counts.
      1720-1724 N Rand Rd, Palatine, IL 60074
      View Details
    • Contact for pricing
      2,300 SF

      Turn-Key Dental Office Space

      Fully equipped dental office in prime location ready for immediate occupancy.
      741 E Dundee Rd, Palatine, IL 60074
      View Details
    • $7,775,000
      5,938 SF

      New Gas Station Ground Lease

      Brand new gas and convenience store with a long-term lease.
      20227 N Rand Rd, Palatine, IL 60074
      View Details
    • Contact for pricing
      1,744 SF

      Turnkey Restaurant with Drive-Thru

      1,744 SF restaurant with drive-thru on half-acre lot.
      1158 E Dundee Rd, Palatine, IL 60074
      View Details
    • $7,775,000
      5,938 SF

      Thornton's Gas Station - Palatine, IL

      High-Yield NNN Ground Lease Investment
      20201 Rand Rd, Palatine, IL 60074
      View Details
    • Contact for pricing
      1,744 SF

      Palatine QSR with Buildable Lot

      Turnkey Restaurant, High Traffic Area, Adjacent Lot
      1158 Dundee Rd, Palatine, IL 60074
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Retail Space in Palatine

      7,500 SF retail space available for lease.
      1150 E Dundee Rd, Palatine, IL 60074
      View Details
    • $7,995,000
      53,000 SF

      High-Image Retail/Showroom Building Available

      Retail/showroom building on a large land site with high visibility.
      2015 N Rand Rd, Palatine, IL 60074
      View Details
    • $2,321,053
      1,510 SF

      Retail Space in Palatine Center

      Retail space available in high-profile Palatine shopping center.
      948-954 E Dundee Rd, Palatine, IL 60074
      View Details
    • $10 SF/Yr

      Palatine Retail Space For Lease

      2,500 sq ft retail space in the heart of Palatine.
      1296 E Dundee Rd, Palatine, IL 60074
      View Details
    • $26 SF/Yr
      902 SF

      Retail Space Available For Rent

      902 square feet of retail space for lease.
      1703-1717 N Rand Rd, Palatine, IL 60074
      View Details
    • $24 SF/Yr
      1,200 SF

      Retail Storefronts in Palatine Center

      Two retail storefronts available in Palatine shopping center.
      317-351 E Dundee Rd, Palatine, IL 60074
      View Details
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    1590 Rand Rd
    Palatine, IL 60074-8510
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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