Exceptional 1.57-acre development opportunity comprised of THREE contiguous parcels being sold together. Sale includes two adjoining parcels (three separate PINs). The assemblage currently consists of one livable single-family residence, one home in need of significant renovation or teardown, and one vacant lot. Positioned along highly traveled Lake Cook Road and directly across from Deer Park Town Center, this unique offering provides outstanding visibility and long-term redevelopment potential. Currently zoned R-1 Single Family Residential, the site may present opportunities for future residential, multifamily, mixed-use, or commercial redevelopment, subject to municipal approvals and rezoning. Buyers are encouraged to perform their own due diligence regarding zoning and development possibilities. Whether you're an investor looking to land bank, a builder seeking a large development site, or an owner-user planning for future appreciation, opportunities to acquire three contiguous parcels totaling approximately 1.57 acres in this location are exceptionally rare. Properties are being sold together only. Individual parcels will not be sold separately.
Listed By
Agency Name: eXp Realty
Agency Phone: 888-574-9405
Shown By
Agency Title: Gambino Realtors
Agency Phone: 815-282-2222
Estimated Payment
$ 7,384.21 per month $4,996.54 Principal & Interest $2,066.83 Property Tax $320.83 Homeowner's Insurance
641 W Lake Cook Road | MLS# 12697772
This single family home located at 641 W Lake Cook Road, Palatine, IL 60074 is currently listed for sale with an asking price of $1,100,000. This property was built in 1976 and has 6 bedrooms and 4 full baths with 4860 sq. ft. W Lake Cook Road is located within the District 211 school district. Search Palatine real estate on www.gogambino.com today.