Property profile

1597 RAND RD Palatine, IL 60074

OFF-MARKET
Retail Stores
Property ID
US28-2446062
0.41 ac lot Built 1977
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Property summary

AI-generated overview

The property consists of approximately 2,460 square feet of office space. It is located near the intersection of Rand Road and Dundee Road, an area with an estimated combined traffic count of 55,200 vehicles per day based on 2022 data from IDOT. The site is positioned adjacent to Einstein Bros. Bagels and Denny's and is within a surrounding commercial corridor that includes major retailers and restaurants such as Walmart, Home Depot, Target, Petco, Hobby Lobby, Chase Bank, Starbucks, Panera, and Chipotle.

Property profile

Verified
Property type Retail Stores
Year built 1977
Lot 0.41 ac (17,860 SF)
APN 02-12-101-027
UPID US28-2446062

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1597 RAND RD Palatine, IL 60074
Palatine metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2025
Last sale
$625,000
2 recorded transactions
2025
$625,000
2022
$3.0M
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