Listed by Cushman & Wakefield - Rosemont, Illinois, Cushman & Wakefield - Chicago, Illinois
$6,995,000
2015 N Rand Rd
Details
Property Type Retail
Sub Type Commercial, Shopping Center
Square Footage 53,000
Year Built 2010
Stories 2
Acreage 6.510
Zoning Planned Unit Development (PUD); City of Palatine
Parking Spaces 283 spaces
Parking Per SqFt 5.34
Retail | 53,000 SqFt
Marketing description
Located within one of the Chicago suburbs’ most active commercial corridors, 2015 North Rand Road in Palatine is a high visibility property situated along Rand Road (US Highway 12). The property consists of a high-image ±53,000-square-foot, multi-story building on ±5.0 acres, with the ability to expand to ±6.51 acres via the acquisition of the adjacent shopping center parcel (same owner). This presents a unique opportunity for future building or parking expansion, or to assemble a larger footprint for a comprehensive redevelopment. 2015 N Rand Road also sits at the center of a robust commercial corridor that draws consumers from all around the region
2015 N Rand Road features a ±53,000-square-foot building situated on a ±5.0-acre site, offering a fully paved yard with parking capacity for up to 283 vehicles. The neighboring parcel, 2001 N Rand Road, a 15,800-square-foot strip mall on ±1.51 acres (same owner) is also available, presenting the opportunity to expand to a combined ±6.51-acre site. This added space enhances the property's overall value and functionality, supporting parking, operations, and future expansion. Its flexibility makes it an attractive option for investors and businesses seeking to accommodate evolving operational needs.
Investment highlights
- Modern, multi-story building on ±5.0 acres
- Opportunity to expand land site via an available adjacent
- ±1.51 acres (2001 n rand) for a total ±6.51 acres
- Showroom, service, office and storage areas
- Potential to add 6 drive-through bays for truck maintenance, truck repair, or fleet maintenance uses
- Ideal retail and/or truck repair maintenance facility
- Flexible pud zoning supports a diversity of commercial businesses, including auto dealerships, specialty groceries, medtail, and sports and f&b entertainment
- Strong retail/commercial area with a concentration of Automotive businesses, and surrounded by established National and regional brands that consistently draw both Consumer and vehicle traffic
- Area demographics and steady traffic are attractive to Many businesses, including expanding anchor retailers, Sports/f&b entertainment, medtail and automotive
- Immediate access to rand road (us hwy 12)
- Broad labor force with strong participate in Manufacturing, healthcare, education and retail
- Abundant local amenities
- Adjacent 2001 n rand road = 15,800 sf strip mall On ±1.51 acres (same owner)
- Potential parking or building expansion area
- Potential new combined site = ±6.51 acres
- Flexibility to support business growth and changing Needs without requiring relocation
- Scalability for a variety of uses
- Situated in a thriving retail and automotive district
- Variety of retail, service and dining businesses attract Steady flow of consumers and traffic (28,993 vpd on Rand road/us highway 12)
- Immediate access to rand road (us-hwy 12)
- Draws from palatine and the surrounding communities Including kildeer, long grove, buffalo grove, arlington Heights, inverness, barrington and lake zurich
- Pud – city of palatine; allows for greater flexibility and Creativity in land development/usage
Listing Contacts
Listed by Cushman & Wakefield - Rosemont, Illinois, Cushman & Wakefield - Chicago, Illinois
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
P PlannedPlanned Unit Development
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
