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Listing provided courtesy of Chicagoland Brokers, Inc.MREDas Distributed by MLSGrid- MLS# 12411752MLS Provider

20638 Lake Cook RoadPalatine, IL 60074

Vacant Land · 3.20 Acres
$512,000 Active

20638 Lake Cook Road Overview

Time on Site:
344 days
Visits:
5

Developers are welcome. Location, Location, Location. 5 PINs vacant Lots total of 141,042 sqf. (Including water and land). The land is waiting for your successful business in a very high volume traffic street. LAKE ZURICH COMMUNITY UNIT SCHOOL DISTRICT #95. Near the intersection of Rand Rd and Lake Cook Rd, Cross Street is a Starbucks, Hyundai, and Chevrolet dealership. This property is located in unincorporated Lake County but has a Palatine, IL address. Zoning is E Estate. For more information, visit the Lake County website. The Lot Size includes part of the lake.

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20638 Lake Cook Road Facts & Features

  • Type Vacant Land
  • Lot 3.20 Acres

Details

General

School Information

  • School District: 95

Business Information

  • Current Use: Other

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Palatine
  • Township: Ela

Tax Information

  • Tax Annual Amount: $10,122.78
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 14353000210000
  • Property Type: Land
  • Special Listing Conditions: None
  • Zoning: OTHER

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Basement: None
  • Laundry Features: None

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Additional Parcels: Yes
  • Frontage Length: 500
  • Frontage Type: None
  • Lot Size Acres: 3.2
  • Lot Size Dimensions: 385 X 500
  • Road Surface Type: Concrete

Waterfront/View

  • Waterfront: No

General Information

  • Utilities: None

20638 Lake Cook Road Neighborhood

Community

60074 (PALATINE) Demographics

35
Median Age
5,186
Population Density (per sq. mile)
48%
College Educated
$69,416
Estimated Median Income
8,708
Estimated Total Home Owners
5,785
Estimated Total Renters
60% / 40%
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.

20638 Lake Cook Road Monthly Cost

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$ %
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$
$
Corinne Guerra
* 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.

20638 Lake Cook Road Market Data

Based on the last 30 days in this zip code

$392,934
Average List Price
$235
Average Price per Square Foot
30
Properties Sold
45
Average Days on Market
104
Properties for Sale
Calculations provided by Reliance Network

20638 Lake Cook Road History

Date Event Value Agent
6/6/2026Source: MRED Status Change
Active
6/1/2026Source: MRED Price Reduction
$512,000 -0.4%
6/1/2026Source: MRED Status Change
Price Change
7/31/2025Source: MRED Added to Database
July 20, 2025
7/31/2025Source: MRED Status Change
Active