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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Based on information submitted to the MLS GRID for MRED 11/22/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
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Data last updated 7:16 AM UTC, 11/22/2024
