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20270 N Rand Rd photo 1

For Sale9d on market

20270 N Rand Rd

Palatine, IL, 60074 • 60074 • Lake County

$1,899,000

3.5 acLot

Market activity

Demand and pricing signals for this listing

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9 days on market

Recently listed

About this home

Lot

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.

Estimated monthly payment

Based on current rates

$12,386/month

Principal & Interest$9,854

Property Tax$1,899

Insurance$633

Down payment20% ($379,800)

3%50%

Est. 6.75% rate · 30yr fixed · $1,519,200 loan

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At a glance

Key facts and listing details

Property

Home typeLot

Sub-typeUnimproved Land

Systems

Water / SewerMunicipal Water / Storm Sewer

Parking & Outdoor

ParkingDirt Driveway, Gravel

Lot3.54 Acres

Location & Tax

Neighborhood60074

Annual tax$26,081

Parcel14344002400000

Features & details

2 categories of property features

Exterior Features

Parking

Dirt Driveway

Gravel

Utilities

Electric to Site

Natural Gas Available

Sewer Connected

Listing insights

Market data and value estimates

StatusFor Sale

Days on market9

Tax rate2.60%

On marketMar 31, 2026

PostedMar 31, 2026

MLS statusActive

MLS updatedApr 5, 2026

Tour days6

Views48

Favorites1

How are the schools in Palatine?

3 schools rated nearby

9

Isaac Fox Elementary School

Elementary • Public • K-5

2.3 mi

9

Lake Zurich Middle - S Campus

Middle • Public • 6-8

2.4 mi

10

Lake Zurich High School

High • Public • 9-12

3.8 mi

Location

Palatine, IL, 60074

Price history

4 events

DateEventPrice$/sqftSource

Mar 31, 2026Listed For Sale$1,899,000—MRED as distributed by MLS GRID

Apr 6, 2024Listing Removed——MRED as distributed by MLS GRID

Aug 31, 2023Price Change$2,990,000—MRED as distributed by MLS GRID

Jun 13, 2022Listed For Sale$2,690,000—MRED as distributed by MLS GRID

Listed For Sale$1,899,000

Mar 31, 2026•MRED as distributed by MLS GRID

Listing Removed—

Apr 6, 2024•MRED as distributed by MLS GRID

Price Change$2,990,000

Aug 31, 2023•MRED as distributed by MLS GRID

Listed For Sale$2,690,000

Jun 13, 2022•MRED as distributed by MLS GRID

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Neighborhood details

Local context around this listing

Palatine, IL • Lake County

Nearby cities

AntiochBuffalo GroveGurneeHighland ParkLibertyvilleMundeleinRound Lake BeachVernon Hills

Nearby zip codes

60010

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Value estimates

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Affordability$13,126/mo

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Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)

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20270 N Rand Rd, Palatine, IL 60074 | SREG Property Finder