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Improved Mixed-Use Land for Sale in Palatine, Illinois

641 W Lake Cook Rd, Palatine, IL 60074

$550,000
1.57 acres
Active sale
ago
Est $3,756/mo

Exceptional opportunity to own a single-family home in a prime location along highly traveled Lake Cook Road, directly across from Deer Park Town Center. The two adjoining parcels are also available for purchase separately, creating a potential assemblage of approximately 1.57 acres. This unique offering provides outstanding visibility and long-term redevelopment potential. Currently zoned R-1 Single Family Residential, the site may present opportunities for future residential, multifamily, mixed-use, or commercial redevelopment, subject to municipal approvals and rezoning. Buyers are encouraged to perform their own due diligence regarding zoning and development possibilities. Whether you're an investor looking to land bank, a builder seeking a larger development site, or an owner-user planning for future appreciation, opportunities to assemble approximately 1.57 acres in this highly desirable location are exceptionally rare.

2,100
Sq feet
3
Beds
2
Full baths
1976
Built

Location

Street address
641 W Lake Cook Rd
Zip code
60074
Community
Palatine
Elevation
801 feet
Coordinates
42.1535, -88.0587

Directions

LAKE COOK EAST OF QUENTIN, WEST OF RAND

Property details

Acreage
1.57 acres68,389 sq ft
MLS #
MRED 12713148
Posted

Property taxes

2024
$11,355

Parcels

  • 02031000280000

Details and features

Listing

Type
Residential

Exterior

Parking Spaces
2
Parking
Garage

Structure

Basement
Partial, Unfinished
Sewer
Public Sewer
Heating
Natural Gas
Materials
Cedar

Interior

Room Count
6
Rooms
Basement, Bathroom x 2, Bedroom x 3, Dining Room, Family Room

Property utilities

CategoryTypeStatus
GasNatural GasConnected

Listing history

DateEventPriceChangeSource
July 22, 2026New listing$550,000MRED
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This 1.57-acre property is located at 641 W Lake Cook Rd in Palatine, IL 60074. The property is available for sale, priced at $550,000. It has a 2,100 square foot 3-bedroom, 2-bath house built in 1976.

Listed by eXp Realty, (888) 574-9405

Checked 2 hours agoUpdated Source

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