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$ 1,400,000
Est. payment | /mo
1.2 Acres Lot
$ 1,400,000
Est. payment | /mo
1.2 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12525490
Annual Tax Amount $33,163
Tax Year 2023
Lot Size 1.200 Acres
Lot Dimensions 274' x 197' x 285' x 174'
Property Sub-Type Land
Property Description
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
State IL
County Cook
Area Palatine
Interior
Heating Natural Gas, Electric
Cooling Central Air
Fireplace N
Laundry In Unit
Exterior
Utilities Available Natural Gas Available, Other
Building
Dwelling Type Land
Schools
Elementary Schools Pleasant Hill Elementary School
Middle Schools Plum Grove Middle School
High Schools Wm Fremd High School
School District 15 , 15, 211
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Michael Mandile of Compass
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Sarah Leonard
Broker | Owner