Link Representative For Property
Affiliated Company
Rebekah R Carlson Real Estate
Asset Focus
Office
Retail
Industrial
Multifamily
Land
Address
2234-2240 N. Rand Road Palatine Illinois 60074
Building/Land Information
Property Type
Land
Property Subtype
Other
Property Type
Industrial
Property Subtype
Warehouse/Distribution
Property Classification Description
Land
Zoning
B-5, allowing for potential mixed-use
Lot Size Acres
7.90
2234-2240 N Rand Rd Palatine Illinois 60074 - Industrial Development Site For Sale - $3,500,000
Sale Price Dollars
$3,500,000.00
Market
Chicago
Submarket
Northwest Suburbs
Cross Streets
Rand Rd & Lake Cook Road
Location Description
7.9 acre redevelopment site with 30,000 sf building, divisible to 3.7 acres. Property is located in the Palatine TIF district with full access and easy highway access to Rt. 53.
This redevelopment site is perfectly situated between two strong retail corridors, a strategic and highly-travelled location for a variety of businesses. Palatine prides itself on being highly collaborative with developers and property owners, and we believe there are many potential uses for this site that will garner municipal interest. The site is centrally located in an active and growing multi-family residential market and in close proximity to the Deer Park office development.
Neighbors include car dealerships, self-storage facilities, and an adjacent UPS distribution center.
The icing on the cake? Unparalleled views of the Deer Grove forest preserve and easy highway access!
This redevelopment site is perfectly situated between two strong retail corridors, a strategic and highly-travelled location for a variety of businesses. Palatine prides itself on being highly collaborative with developers and property owners, and we believe there are many potential uses for this site that will garner municipal interest. The site is centrally located in an active and growing multi-family residential market and in close proximity to the Deer Park office development.
Neighbors include car dealerships, self-storage facilities, and an adjacent UPS distribution center.
The icing on the cake? Unparalleled views of the Deer Grove forest preserve and easy highway access!
Traffic Count Frontage
30000
Sale Information +-
Sale Description
This redevelopment site is perfectly situated between two strong retail corridors, a strategic and highly-travelled location for a variety of businesses. Palatine prides itself on being highly collaborative with developers and property owners, and we believe there are many potential uses for this site that will garner municipal interest. The site is centrally located in an active and growing multi-family residential market and in close proximity to the Deer Park office development.
Neighbors include car dealerships, self-storage facilities, and an adjacent UPS distribution center.
Neighbors include car dealerships, self-storage facilities, and an adjacent UPS distribution center.
Sale Highlights
PREMIER LOCATION - West side of Rand Road, just south of Lake Cook Road in Palatine TIF district
HIGHWAY PROXIMITY
~1 mile from Rt. 53 (I-290 and I-355)
TRAFFIC COUNT
Over 30,000 vehicles per day
ZONING
Current B-5, allowing for potential mixed-use
ACCESS
Full ingress and egress as well as right-in, right-out access
FRONTAGE
513' on Rand Road
SIZE
7.9 acres, divisible to 3.7 acres
PRICE
$14.50/sq ft
HIGHWAY PROXIMITY
~1 mile from Rt. 53 (I-290 and I-355)
TRAFFIC COUNT
Over 30,000 vehicles per day
ZONING
Current B-5, allowing for potential mixed-use
ACCESS
Full ingress and egress as well as right-in, right-out access
FRONTAGE
513' on Rand Road
SIZE
7.9 acres, divisible to 3.7 acres
PRICE
$14.50/sq ft
Number of Lots
1
Property Use
Development
