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    Property profile & analytics
    FOR LEASE
    Retail space

    2001 N Rand Rd, Palatine, IL 60074

    1.51 ac lot Built 2000
    Entity Owned ~ Est. High Equity
    Property ID
    US28-5448040
    Property summary
    AI-generated overview

    This exceptional retail space, located at 2001 N Rand Road in Palatine, Illinois (zip code 60074), offers a total of 4,125 square feet, currently entirely vacant and ready for immediate occupancy. The property is ideally suited for multiple tenants, with spaces ranging from a minimum of 800 square feet to a maximum contiguous space of 3,325 square feet. Situated in Cook County, this location benefits from high visibility on Rand Road (Rt 12), just north of Dundee Road, and enjoys heavy traffic counts exceeding 30,300 vehicles daily. The property's strategic position within a thriving retail corridor provides excellent access to a substantial consumer base of over 257,000 people within a 5-mile radius. Tenants will appreciate the convenience of 24-hour access and individual HVAC control. Prominent tenant signage opportunities are available on Rand Road, along with a building monument sign. The rental rate is $19.00-$22.00 per square foot on a modified gross lease. The suites are in move-in condition. This property presents a remarkable opportunity for retail or office users seeking a high-traffic, well-located space in a vibrant community.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2000
    Lot 1.51 ac (65,776 SF)
    APN 02-02-402-008
    UPID US28-5448040
    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
    Current use
    Occupant on record · Public records
    • Insureall Group LLC. Insurance Agency
    • Las Adas Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
    • Body in Gear Wellness (Medical Massage) Alternative Medicine Practice Spa & Massage Center
    • LibertyX Bitcoin ATM Atm
    • Quality Labor Services - Northwest Employment Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.97M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.53M
    Owner & transaction history
    Patriot 64 Properties LLC
    Patriot 64 Properties LLC
    since 2026
    Last sale
    $1.1M
    7 recorded transactions
    2026
    $1.1M
    2020
    2019
    2018
    2017
    2016
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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