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Residential Land for Sale in Palatine, Illinois

712-724 S Plum Grove Rd, Palatine, IL 60067

$1,400,000
1.2 acres
Active
ago
Est $12,319/mo

One of the last parcels of this size, this is your chance to secure three combined parcels totaling approximately 51,800 sq ft (1.19 acres) on a prime, high-visibility corner in the heart of Palatine. Offering exceptional scale for new construction, this site is ideal for future single-family homes or townhomes pending Village approval. Surrounded by established neighborhoods, new construction, and strong area demand, the location offers quick access to Fremd High School, Plum Grove Middle School, Highway 53/90, the Metra, O'Hare Airport, Woodfield Mall, Downtown Palatine and the future Chicago Bears devleopment. The three-lot offering includes the corner parcel at 712 S Plum Grove Rd, the extra-wide vacant lot at 712 S Plum Grove Rd (Rear) with Michigan Ave frontage, and the expansive parcel at 724 S Plum Grove Rd. While existing structures remain on two parcels, the value is in the land and its redevelopment potential. This is a rare opportunity to control an entire corner block in a thriving suburban market and bring your next residential project to life.

Location

Street address
712-724 S Plum Grove Rd
Community
Palatine
School district
211
Elevation
740 feet
Coordinates
42.0974, -88.0443

Directions

Plum Grove Rd North or South to West Michigan Ave

Property details

Acreage
1.2 acres
MLS #
MRED 12525490
Posted

Property taxes

2023
$33,163

Parcels

  • 02224100160000

Details and features

Listing

Type
Land

Structure

Heating
Electric, Natural Gas
Cooling
Central Air

Property utilities

CategoryTypeStatusDescription
GasNatural GasAvailable

Nearby schools

NameLevelDistrictDescription
Pleasant Hill Elementary SchoolElementary211
Plum Grove Middle SchoolMiddle211
WM Fremd High SchoolHigh211

Listing history

DateEventPriceChangeSource
Dec 5, 2025New listing$1,400,000MRED
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This 1.2-acre property is located at 712-724 S Plum Grove Rd in Palatine, IL 60067. The property is available for sale for $1,400,000 with a price per acre of $1,166,667.

Checked 35 mins ago — Updated

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