2001 N Rand Rd, Palatine, IL 60074
For Lease
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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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.