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Financial
Distress signals
Property profile

20201 N Rand Rd Palatine, IL 60074

FOR SALE
Commercial land
Property ID
US28-0363039
5.15 ac lot
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 5,938 square-foot Thorntons gas station and convenience store situated on a 5.18-acre lot in Palatine, Illinois. Located at 20201 N Rand Rd (US Route 12), this property benefits from high visibility and traffic volume exceeding 49,700 vehicles per day. The property features a drive-thru and 15 fuel pumps. The absolute NNN ground lease boasts a 20-year primary term commencing June 1, 2023, and expiring May 31, 2043, with six 5-year…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$767k
Assessed land$767k

Value estimate

· Oct 2026
$305k
$275k – $336k
AI approach$305k
NOI build-up
Gross scheduled income$143k
Vacancy & credit loss−$10k
Operating expenses−$33k
NOI · 1.28% cap applied$99k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$181/SF
County average, outlier-cleaned · 196 recorded sales of this use type
Observed band · Q1–Q3$96 – $317

Cap rate analysis

How does the asset earn?
1.28%
$99k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.0
Bakery8.8
Electrical Service8.7

Location

20201 N Rand Rd Palatine, IL 60074
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 14 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
20062 Plum Grv, Deer Park, IL 60074 $35,100,000 Feb 2023 No data
20035 Plum Grv, Deer Park, IL 60074 $28,922,500 Feb 2023 No data
20120 Plum Grv, Deer Park, IL 60074 $35,100,000 Feb 2023 No data
20225 Deer Park, Deer Park, IL 60074 $35,100,000 Feb 2023 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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