
Improved Mixed-Use Land for Sale in Palatine, Illinois
641 W Lake Cook Rd, Palatine, IL 60074
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.
Location
- Street address
- 641 W Lake Cook Rd
- County
- Cook County
- Zip code
- 60074
- Community
- Palatine
- Elevation
- 801 feet
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
| Category | Type | Status |
|---|---|---|
| Gas | Natural Gas | Connected |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 22, 2026 | New listing | $550,000 | — | MRED |























