Palatine IL Real Estate & Land for Sale

Unique opportunity just steps from Inverness in the Fremd High School District! Explore this exceptional 150 x 295 property offering incredible potential for development, totaling approximately 44,843 square feet. Whether you envision constructing a few homes, subdividing and selling a portion, or building a custom estate within an established neighborhood, this property provides a versatile setting to bring your vision to life. The well-maintained home on site also offers the opportunity to generate rental income while you plan your next steps. Located in a desirable area with a mix of established homes and newer construction, and held by the same owner for over 40 years, this is a rare opportunity to create something truly special.

Builders and buyers, here's a rare opportunity to create your vision on a private, nature-lined lot in Palatine! Just under 1/2 acre, this unique property is surrounded by mature trees and faces a peaceful creek, offering a serene, tucked-away setting that feels miles from it all while still close to everything. Ideally located near downtown Palatine, Metra, restaurants, shopping, entertainment, golf courses, forest preserves, bike paths, and with convenient access to the airport and proposed Bears Entertainment District! Zoned R1-SF and non-dividable. Access via easement on the driveway of the white brick home to the south. Walk the property and imagine the possibilities! NOTE: Red lot lines in pictures are estimated, see survey markings on property.

This is an opportunity to purchase 2 lots adjacent to each other or purchase separately. These parcels were zoned Planned Unit Development which allows for less setback between homes, therefore allowing a larger structure footprint.This is 1 of 2 available lots which are next to each other. Adjoining lot at 1124 W. Colfax (corner lot) is also available. Refer to attached prior building plans.

This is an opportunity to purchase 2 lots adjacent to each other or purchase separately. These parcels were zoned Planned Unit Development which allows for less setback between homes, allowing for larger structure footprint. This is 1 of 2 available lots which are next to each other. This parcel (1124 W. Colfax) is the undeveloped corner lot. Adjoining lot at 667 Morrison is also available for purchase. Refer to attached zoning plans.

Developers, come to the front of the class. 3.54 acres in Deer Park currently being used to house a T-Mobile cell tower (earning $8K/month until 21/31/33 - almost 8 years left!); $10K/month from automotive repair companies leasing space in a building on the property (MTM) and approximately $7K/month from MTM contractor vehicle parking. Deer Park wants the parcel eventually developed into residential or mixed use. Location is outstanding. 107 feet of frontage on Rand Road; IDOT vehicle count is 44,900 vehicles/day. In TIF Area #1.

B2 Zoning, next to Wendy. Great possibly for drive through restaurant. Around 23000 sq feet.