2015 N Rand Rd - Retail FOR SALE


Palatine, IL 60074
$7,495,000 USD
847-529-7529
2015 N Rand Rd, Palatine, IL for Sale
$7,495,000 USD
Retail - FOR SALE
1/19
null | Request Cap Rate

2015 N Rand Rd
Palatine, IL 60074


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$7,495,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Harley Davidson

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

283

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

PUD

APN/PARCEL ID

02-02-203-067-0000,02-02-203-068-0000

ASK ABOUT THIS PROPERTY

Michael MaglianoCushman & WakefieldMore Info
847-529-7529

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Michael MaglianoCushman & WakefieldMore Info
847-529-7529

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.