1720-1724 N Rand Rd, Palatine, IL 60074

THE ASSET: The Property is improved by a vacant 13,980 square foot single story building on 79,870 square feet of land (1.83-acre) which is spread over four (4) adjacent tax parcels. The Property offers 395 feet of frontage along N Rand Road and 200 feet of frontage along E Capri Drive. 1720-1724 N Rand Road is zoned B-2 Commercial (General Business District).

REDEVELOPMENT & VALUE ADD OPPORTUNITY: 1720-1724 N Rand Road provides a highly desirable location with a strong consumer base. The Property is ideal for redevelopment, taking advantage of the well-trafficked location. Additionally, the B-2 Commercial (General Business District) Zoning allows for a variety of permitted uses, including (but not limited to) two quick service restaurants, urgent care, or a multi-tenant strip center. Please contact the agent for more details.

SUPERIOR LOCATION: The Property enjoys outstanding frontage and visibility along N Rand Road (US Route 12) and is 0.2-miles from Dundee Road (IL Route 68), the area’s primary commercial corridors. The immediate area offers convenient access to grocery stores (Jewel-Osco, Aldi, and La Rosita Grocery Store), Big Box Retailers (Walmart, Target, Kohl’s and Home Depot), restaurants (Starbucks, Dunkin’, McDonald’s, Burger King, Panera Bread, and Chipotle), and countless other national retailers.

The Property offers convenient access to public transportation options including the Pace Bus system, and the Palatine and Arlington Park METRA Stations. US Route 12 and IL Route 68 are just seconds from the Property and US Route 14, and IL Route 53 are all within a couple miles of the Property. The Property is located within 1-mile of the Palatine High School and 2-miles of the Buffalo Grove High School.

The Property is also approximately 1-mile from the Cook County Forest Preserve and the Deer Grove East Parks, as well as the Palatine Bike Trail. The Property is also less than 3-miles from the Buffalo Creek Forest Preserve. The nearby parks offer more than 25-miles of trails for walking/ hiking/biking and feature numerous outdoor recreation areas.

HIGH-DEMAND SUBURBAN LOCATION: Palatine has a diverse and stable local economy supported by a mix of corporate offices, healthcare providers, retail centers, and professional services. The village benefits from proximity to several major employment hubs in the northwest suburbs, including Schaumburg, Rolling Meadows, and Arlington Heights. Healthcare is a significant economic driver, anchored by the nearby Northwest Community Hospital campus in Arlington Heights, along with numerous medical offices and outpatient facilities throughout the area. Retail and dining options are concentrated along major corridors such as Rand Road and Dundee Road, as well as in the revitalized downtown area, which has become a focal point for community activity and investment.

TRAFFIC COUNTS: More than 19,500 vehicles pass by the Property each day along n Rand Road. Approximately 43,800 vehicles pass near the Property at the intersection of N Rand Road and W Dundee Road.

EXCEPTIONAL DEMOGRAPHICS: More than 95,900 people live within 3 miles of the Property with an average household income of $147,942. More than 245,500 people live within 5 miles of the Property with an average household income of $167,068. Additionally, there are more than 100,900 employees within 5 miles of the Property.