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$2,175,000

  • For Sale
  • Active
  • Lots/Land
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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.

Full Property Details for 1007 E Palatine Rd

General

  • Price: $2,175,000
  • Taxes: $38,668 (2023)
  • Status: Active
  • Type: Lots/Land
  • Source: MRED
  • MLS ID: 12566025
  • Updated: 5/5/2026
  • Added to Site: 240 day(s) ago

Location

  • Area: Arlington Heights
  • County: Cook
  • Township: Palatine
  • Driving Directions: Palatine Rd to site on South end of street.

School Information

  • School District: 1
  • Elem School District: 1
  • Midd School District: 1
  • High School District: 1

Utilities

  • Water: Community Water, Municipal Water
  • Onsite: Electricity to Site, Natural Gas Available, Sewer Connected

Structural Information

  • Current Bldg. Use: Commercial

Lot Features

  • Lot Size (Sq. Ft.): 43,691
  • Lot Size Range: 1.0 to 1.99 Acres
  • Lot Dimensions: 180 x 253
  • Frontage: City Street
  • Frontage Feet: 180
  • Street/Road Desc.: Asphalt
  • Potential Use: Commercial

Financial Considerations

  • Tax Amount: $38,668
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 3202010010000

Listed by SB Real Estate Group, PLLC

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Listing agent

— 1007 E Palatine Rd —

  • SB Real Estate Group, PLLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1007 E Palatine Rd

School Districts:Arlington Heights School District 25, Township High School District 214
NameGradesDistance
Ivy Hill Elementary School
2211 North Burke Drive, Arlington Heights, IL 60004
PK-50.4 mi
Thomas Middle School
1430 North Belmont Avenue, Arlington Heights, IL 60004
6-80.7 mi
John Hersey High School
1900 East Thomas Street, Arlington Heights, IL 60004
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1007 E Palatine Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/10/2026
Listed
$2,175,000
284.96%
MLS
11/29/2022
Sold
$565,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1007 E Palatine Rd

Year
Property Taxes
Change
Tax Assessment
Change
2023
$38,668
—
$65,537
-54%
2023
$38,668
-40%
$141,249
-43%
2022
$64,836
10%
$245,909
25%
2021
$59,183
3%
$196,609
—
2020
$57,652
12%
$196,609
—
2019
$51,621
10%
$196,609
22%
2018
$46,866
1%
$160,600
—
2017
$46,315
7%
$160,600
—
2016
$43,196
-5%
$160,600
5%
2015
$45,264
3%
$153,299
—
2014
$43,943
3%
$153,299
—
2013
$42,838
3%
$153,299
-5%
2012
$41,643
—
$160,601
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1007 E Palatine Rd

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by SB Real Estate Group, PLLC

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1007 E Palatine Road, Arlington Heights, IL 60004 (MLS# 12566025) is a Lots/Land property with a lot size of acres. 1007 E Palatine Road is currently listed for $2,175,000 and was received on February 10, 2026. Want to learn more about 1007 E Palatine Road? Do you have questions about finding other Lots/Land real estate for sale in Arlington Heights? You can browse all Arlington Heights real estate or contact a Coldwell Banker agent to request more information.

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