20201 N Rand Rd Palatine, IL 60074
Property profile & analytics
20201 N Rand Rd Palatine, IL 60074
- Commercial land
- 5.15 lot acres
Property ID
US28-0363039
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.
Location Intelligence
Current Use by Public Records
- Grounds Group / Landscaping / General Contractor
- Mitch's Green Thumb Landscaping / Landscaping / General Contractor
- Fire & Water Restoration / Hardware & Home Improvement / Construction Company
Property Details for 20201 N Rand Rd
- Lot size
- 5.15 lot acres
- Property type
- Commercial land
- APN
- 14-35-302-030
- APU
- 1435302030
Description
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 options. Rent increases by 10% every five years, providing built-in inflation protection. The asking price is $7,775,000, representing a price per square foot of $1,309.36 and a 4.50% cap rate. The property's Net Operating Income (NOI) is $350,000, with 100% occupancy. This location is less than a mile from a major retail corridor encompassing over 1.1 million square feet of retail space, including prominent retailers such as Best Buy, Dick's Sporting Goods, and Whole Foods. The property's strategic location within the Chicago MSA (population 8.9 million) offers significant growth potential and strong demographics. This is an ideal investment for those seeking a low-maintenance, high-return asset with long-term, predictable cash flow. The property's APN is 1435302030.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Palatine
- County
- Lake
- State
- Illinois
- Longitude
- -88.0422
- Latitude
- 42.1577
- 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
2023
$0.00
$766,571
$0.00
$766,571
-
$2,299,943
$0.00
$2,299,943
