For Sale
Deal AlertDeal Alert?
1st image of 20270 N Rand Rd, Palatine, IL 60074 | MLS# 12605467
2nd image of 20270 N Rand Rd, Palatine, IL 60074 | MLS# 12605467
3rd image of 20270 N Rand Rd, Palatine, IL 60074 | MLS# 12605467
4th image of 20270 N Rand Rd, Palatine, IL 60074 | MLS# 12605467
5th image of 20270 N Rand Rd, Palatine, IL 60074 | MLS# 12605467
1
Beds Icon

Street View

$1,899,000

  • Beds Icon-- Bed
  • Beds Icon
    -- Bath
  • Beds Icon3.54acres lot

20270 N Rand Rd, Palatine, IL 60074

Get Pre-Approved

  • Land

  • Built in -

  • $-- HOA

  • 3.54 acres lot

  • $536,441/acre

Description

Developers, come to the front of the class. 3.54 acres in Deer Park currently being used to house a T-Mobile cell tower (earning $8K/month until 21/31/33 - almost 8 years left!); $10K/month from automotive repair companies leasing space in a building on the property (MTM) and approximately $7K/month from MTM contractor vehicle parking. Deer Park wants the parcel eventually developed into residential or mixed use. Location is outstanding. 107 feet of frontage on Rand Road; IDOT vehicle count is 44,900 vehicles/day. In TIF Area #1.

  • Houzeo last checked: 3 hours ago
  • Listing updated: April 26, 2026 at 9:22 am
  • Listing Provided by: David Urbaniak | @properties Commercial (312) 337-0200
  • Source: MRED MLS-IL | MLS#: 12605467 MRED MLS-IL

Property Details

  • Status

    Active

  • Type

    Land

  • No. of Stories

    -

  • County

    Lake County

  • City

    Palatine

  • Neighborhood

    --

  • Year Built

    -

  • HOA Fees

    -

  • Finished Area

    - sqft

  • Lot Size

    3.54 acres lot

  • Basement Area

    - sqft

  • MLS Name

    MRED MLS

  • MLS Number

    12605467

  • MLS Status

    Active

  • Days on Market

    146

Data provided by Redfin

Click to see all homes
static map image
Satellite
Close IconHouzeo

Do Real Estate on the Go!

For Sale
Price
Beds & Baths
Home Type
Filters
Save Search Share