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Former Harley Davidson 2015 N Rand Rd 53,000 SF Retail Building Palatine, IL 60074 $6,500,000 ($122.64/SF)
Investment Highlights
- Modern, multi-story building on ±5.0 acres
- Potential to add 6 drive-through bays for truck maintenance, truck repair, or fleet maintenance uses
- Flexible PUD zoning supports a diversity of commercial businesses
- Showroom, service, office and storage areas
- Ideal retail and/or truck repair maintenance facility
- Potential Class 7 Tax Abatement
Executive Summary
2015 N Rand Road features a ±53,000-square-foot building situated on a ±5.0-acre site, offering a fully paved yard with parking capacity for up to 283 vehicles.
POTENTIAL CLASS 7 TAX ABATEMENT
POTENTIAL CLASS 7 TAX ABATEMENT
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
53,000 SF
Building Class
B
Year Built
2010
Price
$6,500,000
Price Per SF
$122.64
Tenancy
Single
Building Height
2 Stories
Building FAR
0.24
Lot Size
5.00 AC
Zoning
PUD - Zoning: Palatine Planned Unit Development
Parking
283 Spaces (5.34 Spaces per 1,000 SF Leased)
Frontage
256’ on Rand Rd
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $420,653 | |
| Land Assessment | $721,097 | Total Assessment | $1,141,750 |
Property Taxes
Parcel Numbers
Land Assessment
$721,097
Improvements Assessment
$420,653
Total Assessment
$1,141,750
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