Foreclosure
Address
1960 N Rand Road, Palatine, IL
Price
$ 1,200,000
Property Attributes
  • MLS#11737137
  • TypeCommercial
  • CountyCOOK
  • CityPalatine
  • AreaPalatine
  • Zip60074
  • StyleCommercial
  • Year Built2008
  • Taxes$ 107000
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6500
  • Lot Size1.26001 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Solid REO QSR property With Drive-Thru and covered patio. Built New in 2008. Sate of the art mechanicals, back up generator, heated floors. Located on busy Rand Rd. in between Dundee and Lake Cook Rd. Rand 19,000 VPD, Dundee Rd. 26,000 VPD, and Lake Cook Rd. 43,500 VPD. Easy to show, 1+ acre lot with 70+ parking.

Price History
3/14/2023 Listed $1,400,000
8/28/2023 15% - $1,200,000

General Features

Cooling Central Air,Exhaust Fan,Zoned,Ceiling Fan(s)
Possession Closing
Roof Reflective Coating
Zoning RTAIL
Construction Materials Brick,Concrete,Block
Year Built 2008
Electric Service - 201 to 600 Amps
Tenant Pays Air Conditioning,Common Area Maintenance,Electricity,Heat,Janitorial Service,Insurance,Repairs,Roof,Scavenger,Tax Stops,Sewer
Stories 1
Township Palatine
Property SubType Restaurant
Tax Year 2021
Current Use Commercial
County Cook
Property Type Commercial Sale
Status Active
Directions On Rand Rd. north of Dundee Rd.
City Palatine
Total Units 1
MLS Area Palatine
Lot Size Square Feet 54886
Street Name Rand
Tax Annual Amount 107000
Additional Parcels Y/N No
Leasable Area 6800
Days on Market 261
Standard Status Active
Property Type Retail/Stores

Interior Features

Flooring Terrazzo,Tile
Street Suffix Road

Exterior Features

Foundation Details Concrete Perimeter
Building Area Total 6500
Lot Dimensions 196X281X195X280
Frontage Type US Highway
Exterior Brick

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60074

Price
AVG $420K
$1.2M
Taxes
AVG $53,848
$107,000
Visits
AVG 118
361
Data Provided by Inside Real Estate®
Year Built
AVG 1978
2008
Walkscore
AVG 66
64
Data Provided by Walkscore® not using MLS data

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