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Listing provided courtesy of SB Real Estate Group, PLLCMREDas Distributed by MLSGrid- MLS# 12566025MLS Provider

1007 E Palatine RoadArlington Heights, IL 60004

Vacant Land
$2,175,000 Active

1007 E Palatine Road Overview

Time on Site:
139 days
Visits:
5

Summary 1007 E Palatine Rd represents a rare, fully entitled development opportunity in one of suburban Chicago's most desirable and land-constrained retail corridors. With final city approvals in hand for a modern car wash, this site offers a turnkey path to construction with minimal lead time. Exceptional visibility, strong demographics, and established infrastructure make this a top-tier investment and development site.

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1007 E Palatine Road Facts & Features

  • Type Vacant Land

Details

General

School Information

  • School District: 1

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Arlington Heights
  • Township: Palatine

Tax Information

  • Tax Annual Amount: $38,668.00
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 03202010010000
  • Possible Use: Commercial
  • Property Type: Land
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bathrooms Total: 0

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Frontage Length: 180
  • Frontage Type: City Street
  • Lot Size Dimensions: 180x253
  • Road Surface Type: Asphalt
  • Water Source: Community Water, Municipal Water

Waterfront/View

  • Waterfront: No

General Information

  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected

1007 E Palatine Road Neighborhood

Community

60004 (ARLINGTON HEIGHTS) Demographics

42
Median Age
4,636
Population Density (per sq. mile)
64%
College Educated
$101,450
Estimated Median Income
15,637
Estimated Total Home Owners
4,562
Estimated Total Renters
77% / 23%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1007 E Palatine Road Monthly Cost

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$
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Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1007 E Palatine Road Market Data

Based on the last 30 days in this zip code

$593,591
Average List Price
$294
Average Price per Square Foot
57
Properties Sold
40
Average Days on Market
122
Properties for Sale
Calculations provided by Reliance Network

1007 E Palatine Road History

Date Event Value Agent
2/15/2026Source: MRED Status Change
Active
2/10/2026Source: MRED Added to Database
February 10, 2026
12/2/2022Source: MRED Status Change
Closed
8/26/2022Source: MRED Status Change
Contingent
8/20/2022Source: MRED Status Change
Active
8/15/2022Source: MRED Price Reduction
$599,900 -6.3%
8/15/2022Source: MRED Status Change
Price Change
6/21/2022Source: MRED Status Change
Active
6/20/2022Source: MRED Added to Database
June 16, 2022