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    280 N Rand Rd Lake Zurich, IL 60047

    For Sale
    $925,000

    Commercial Sale - Lake Zurich, IL

    Days on Market:
    291
    Last Refresh:
    Dec 13 at 12:06 pm

    Property Features for 280 N Rand Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    14184040070000

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Number of units
    2
    Architectural style
    Other

    Compass Real Estate

    Listing agent Ward Schell (847) 306-6158 License #475173717

    Listing date Feb 26, 2025

    MLS# 11698736 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical/Business Space on Rand Road

    This well-maintained medical or business space is located on a prime corridor with frontage on Rand Road (Route 22). The property, suitable for medical, dental, tech, or office use, is available for purchase for the first time. The north half of the approximately 5000 square foot property is plumbed and wired for a dental or medical practice, featuring four private restrooms, a reception area, private offices, examination rooms, a kitchenette, file rooms, and conference rooms. The adjoining south side of the building offers approximately 2500 square feet with one full and one half bath, large storage, a file room, two large offices, a reception desk, a conference room, and several workspaces. Ample parking is available to accommodate a large client, employee, or patient base. The property is near Good Shepherd Hospital, the Lake Zurich Commercial Corridor, Barrington, and Kildeer. It is move-in ready.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Similar Places Nearby

    Happy Paws Animal Hospital Lake Zurich IL

    Map

    City
    Lake Zurich
    County
    Cook
    State
    Illinois
    Longitude
    -88.1114672
    Latitude
    42.2027026

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    FAQs

    What type of property is this?
    Medical office - Well-maintained medical/office property on a prime corridor, move-in ready.
    Where is this medical office located?
    The property is located at 280 N Rand Rd Lake Zurich, IL.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Prime location with frontage on Rand Rd (Rte 22).; - Plumbed and wired for medical/dental practice (north half).; - Two tenant spaces: North (approx 2500 sqft) and South (approx 2500 sqft).
    (847) 306-6158
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    280 N Rand Rd Lake Zurich, IL 60047
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    Lake Zurich, IL 60047
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    280 N Rand Rd Lake Zurich, IL 60047
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