$1,400,000

Estimated payment $10,106/month

Total Views 805
1.2 Acres
$1,166,667 Price per Acre
52,272 Sq Ft Lot

Highlights

  • 1.2 Acre Lot
  • Corner Lot
  • Heating System Uses Natural Gas
  • Pleasant Hill Elementary School Rated A
  • Central Air

About This Lot

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.

Listing Agent

Michael Mandile

Compass License #475174712 Listed on: 12/04/2025

Compass

Co-Listing Agent

Tim Lorimer

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $33,163

Lot Details

  • 1.2 Acre Lot
  • Lot Dimensions are 274' x 197' x 285' x 174'
  • Corner Lot
  • Additional Parcels

Parking

  • Driveway

Schools

  • Pleasant Hill Elementary School
  • Plum Grove Middle School
  • Wm Fremd High School

Additional Features

  • Laundry in unit
  • Central Air

Property Details

Property Type

Land

Est. Annual Taxes

$33,163

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Single Family
  • Road Surface Type: Asphalt
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Development, Single Family
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Garage/Parking

  • Parking Features: Asphalt, Concrete

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Electric
  • Laundry Features: In Unit
  • Utilities: Natural Gas Available, Other

Schools

  • Elementary School: Pleasant Hill Elementary School
  • High School: Wm Fremd High School
  • Middle/Junior School: Plum Grove Middle School

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 1.2
  • Lot Dimensions: 274' x 197' x 285' x 174'
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 8

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 33163.12
  • Tax Year: 2023

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2025 12/04/25 For Sale $1,400,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12525490

Midwest Real Estate Data (MRED)