Active
898 S Rand Road
Lake Zurich IL, 60047
$1,500,000
$23.75 per sqft
Active
1.45 Acres
Land
Courtesy of Coldwell Banker Commercial NRT
Introducing an unparalleled opportunity for visionary developers: Paul Proano Properties proudly presents an exclusive prime land development prospect in the heart of Lake Zurich. Nestled on 1.45 acres, this site features a 6,259 square foot mixed-use 10-unit building currently generating $100,800 annually, poised for increased rental yields. The unit mix is (4) 1Bd/1Bath units, (4) studio units, (1) 2Bd/1Bath unit and (1) office unit. Being zoned B-3 for regional shopping, the location offers exceptional redevelopment potential. Boasting 290 feet of frontage and comprehensive on-site utilities, this property ensures streamlined development. Lake Zurich, a vibrant community of 19,624 residents, provides an ideal backdrop for capitalizing on a prominent, high-traffic locale. Strategically positioned off Route 12 with 37,274 vehicles passing daily, it neighbors major retailers such as Walmart, Costco, and Home Depot. Adjacent to a bustling retail strip featuring Lake Zurich DMV, Binny's, Tropical Smoothie, and Duck Donuts, and with ongoing commercial developments nearby, this site promises to be a cornerstone of the area's growth.
12114223
MLSⓇ ID
July 24, 2024
Listed
November 22, 2024
Updated
Map
898 S Rand Road
Lake Zurich IL, 60047
Exterior/Building Features
Lot Size
1.45 Acres
School Information
School District
95
Other Property Details
Area Name
Hawthorn Woods / Lake Zurich / Kildeer / Long Grove
Taxes
$15,946
Tax Frequency
Annually
Days on Market
104
Garage
No
Parking Total
0
View
No
County
Lake
Municipality
Ela
Pool
No
Zoning
COMMR
Courtesy of Coldwell Banker Commercial NRT, Paul Proano,
Listing Contact: 312-860-4043
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Data last updated 7:16 AM UTC, 11/22/2024
