$1,899,000

Prime 3.54 Acre Development Opportunity With Income Potential

  • Updated: September 8
  • MLS#12605467

About the Property

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 residenti
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.
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  • Property type

    Land

Features

  • Parking

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20270 Rand Road Deer Park IL 60067, Palatine, Illinois, United States View on Google Maps
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David Urbaniak

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David Urbaniak
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806 N. Peoria, 60642, Chicago, Illinois, United States
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Chicago’s luxury property market has changed dramatically within the past decade – growing from a small, self-co

Chicago’s luxury property market has changed dramatically within the past decade – growing from a small, self-contained specialty, served by a handful of brokers, to a vast and highly competitive marketplace requiring an ever-increasing level of sophistication and reach.

Today, what drives success in the luxury market is not only a skilled and accomplished corps of agents, but also a comprehensive marketing strategy to brand individual listings and reach a relatively diverse audience.

That is why we offer the @Luxury Collection, a sales and marketing program that leverages @properties’ unmatched resources and relationships to meet the needs of Chicago’s luxury property owners. From new-construction in Lincoln Park to landmark mansions in the North Shore, from vintage high-rises along Lake Shore Drive to the newest generation of super-luxury towers, @properties has successfully marketed and sold hundreds of millions of dollars in high-end Chicago real estate.

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Last updated
September 8
First listed
April 10
Listing reference
58c2fc71-2dbb-11f1-b7af-6045bdd61ac4
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