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    Property profile & analytics

    1800 Rand Rd Palatine, IL 60074-1130

    • Retail space
    • 0.75 lot acres
    OFF-MARKET
    Value Estimation
    $870,000
    Last Sale
    Nov 02, 2020
    $950,000
    Location Intelligence
    Property ID
    US28-1078743
    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

    • Ellegant Home Design / Construction Company / Bathroom Remodeler

    Property Details for 1800 Rand Rd

    Year built
    1970
    Lot size
    0.75 lot acres
    Property type
    Retail space
    APN
    02-02-410-024
    APU
    202410024

    Description

    This exceptional 6,700 square foot retail property at 1800 N Rand Road in Palatine, Illinois presents a remarkable opportunity for businesses seeking high visibility and convenient access. Located in a bustling area with over 18,000 vehicles passing daily, this property ensures significant exposure to potential customers. The building boasts ample parking both in the front and rear, offering unparalleled convenience for employees and clients alike. The interior layout is designed for optimal functionality, featuring a spacious showroom perfect for showcasing products or services. A well-appointed conference room provides a professional setting for meetings and client interactions. A convenient kitchenette is included for employee use, and abundant storage space is available throughout the building to accommodate inventory or supplies. This property is ideal for a variety of retail businesses or co-op ventures seeking a prime location in a thriving Palatine community. The building's strategic placement and versatile interior make it an exceptional investment opportunity. The asking price is $899,000. Serious inquiries only.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $710,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,045,000
      6.5%
      $1,050,000
      7%
      $1,010,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $930,000
      Geo Method
      $1,065,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,090,000
      Retail
      $945,000
      Mixed-Use
      $965,000
      Hospitality
      $1,105,000
      Educational
      $1,035,000
      Residential Income
      $805,000
      Energy
      $895,000
      Income-Based Land
      $885,000
      Food Service
      $1,110,000

    Location Insight

    • Map
    • Local Demand
    City
    Palatine
    County
    Cook
    State
    Illinois
    Longitude
    -88.026
    Latitude
    42.1423
    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
    $73,862
    $122,745
    $135,148
    $257,893
    -
    $490,980
    $540,592
    $1,031,572

    Comparable in this City

    • Value Estimation by Request
      11.66 Acres

      825 Dundee Rd

      RETAIL STORES (PERSONAL SERVICES) • 11.66 Acres
      825 Dundee Rd, Palatine, IL 60074-2854
      View Details
    • Value Estimation by Request
      0.23 Acres

      1742 Rand Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.23 Acres
      1742 Rand Rd, Palatine, IL 60074-1128
      View Details
    • Value Estimation by Request
      0.75 Acres

      2017 Rand Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.75 Acres
      2017 Rand Rd, Palatine, IL 60074-2596
      View Details
    • Value Estimation by Request
      0.46 Acres

      1824 Rand Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.46 Acres
      1824 Rand Rd, Palatine, IL 60074-1130
      View Details
    • Value Estimation by Request
      0.17 Acres

      636 Enw Hwy

      RETAIL STORES (PERSONAL SERVICES) • 0.17 Acres
      636 Enw Hwy, Palatine, IL 60074-6356
      View Details
    • Value Estimation by Request
      0.17 Acres

      1570 Enw Hwy

      RETAIL STORES (PERSONAL SERVICES) • 0.17 Acres
      1570 Enw Hwy, Palatine, IL 60074-7609
      View Details

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    Similar Nearby for Lease

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    • $24 SF/Yr
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      Palatine Retail Site For Lease

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      2,500 sq ft retail space in the heart of Palatine.
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    1800 Rand Rd
    Palatine, IL 60074-1130
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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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