712-724 S Plum Grove Road Palatine, IL $ 1,400,000
712-724 S Plum Grove Road
$ 1,400,000
New Construction
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712-724 S Plum Grove Road

Palatine, IL, 60067
$ 1,400,000
Baths0.0

Monthly Estimate*

$ 8,620

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Studio

Lots and Land for sale in Palatine, IL

for $1,400,000. The lot size is 1.2.

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.

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Lots and Land Active

Price

$ 1,400,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 33,163

Style

Single Family

Lot Size

1.2

Town/City

Palatine

County/Region

Cook

MLS | Web ID

12525490

Features
General
Heating Natural Gas Electric
Cooling Central Air
Utilities Natural Gas Available Other
Possession Closing
Township Palatine
Tax Year 2023
Current Use Single Family
Ownership Fee Simple
Additional Parcels Description 02224100150000 02224100080000
County Cook
Property Type Land Land
Possible Use Development Single Family
Status Active
Directions Plum Grove Rd North or South to West Michigan Ave
High School Wm Fremd High School
City Palatine
High School District 211
MLS Area Palatine
Elementary School Pleasant Hill Elementary School
Tax Annual Amount 33163.12
Middle/Junior High School Plum Grove Middle School
Additional Parcels Y/N Y
Standard Status Active
Middle/Junior School District 15
Elementary School District 15
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Exterior
Parking Features Asphalt Concrete
Total Parking 0
Lot Dimensions 274' x 197' x 285' x 174'
Lot Size Acres 1.2
Road Surface Type Asphalt
Frontage Length 999
Frontage Type City Street
Waterfront Y/N N
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Interior
Laundry Features In Unit
Total Baths 0
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* Excluded Features
List By
Compass

Broker

michael@themlpg.com;info@themlpg.com

Email

Affordability Calculator

$11,384
Per Month
76%
24%
0%
Monthly Principal & Interest
$8,620
Monthly Property Taxes
$2,764
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565144 Elementary School
4711538 Middle School
Wm Fremd High School High School
Pricing History
DatePricePrice ChangeDescription
12/4/2025$1,400,000 Listed Price

Map


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712-724 S Plum Grove Road, Palatine, IL, 60067 is a Lots and Land for sale at $1,400,000 with a lot size of 1.2. 712-724 S Plum Grove Road is a studio with 0.0 baths. The property's zip code is 60067 which is in Palatine, IL