Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire a 4.88-acre parcel of land (±212,529 SF) located off a primary east-west thoroughfare within Palatine, Illinois Route 68, also known as Dundee Road. The parcel’s location is positioned directly on the Southwest Corner of Quentin & Dundee Rd. The land includes a newly renovated (2021) digital LED billboard the currently generates $22,000 annually from The Lamar Companies (NASDAQ: LAMR), a publicly traded outdoor advertising company that does roughly $1.6 billion in corporate revenue.
As of 2021, the entire site has been made available for developers to utilize the prime corner location in addition to the separately parceled land behind where the former Mobile gas station was located on the corner intersection/northeast portion of the parcel. The entire site is free of any environmental issues with a recent Phase I environmental report completed in 2015 and a clean 2022 NFR letter on the former gas station site. The entire site is located within unincorporated Palatine and must be annexed into the township for any future use.