Commercial Redevelopment
New
For Sale
$1,800,000
101 E Main Street, Lake Zurich, IL 60047
The parcel includes an existing building and landscaped grounds used for private vehicle and equipment storage.
Property Size5,000 SF
Price / SF$360
Days on Market3
Property Features for 101 E Main Street
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Zoning
RTAIL
Taxes and HOA fees
Annual Taxes
$10,263
Building Details
Building Size
5,000 SF
Year Built
1980
Stories
1
Units
1
Listing Agency:
@properties Commercial
Listed By:
Michael Levin · License #475123263
(312) 337-0200
Source:
Fishmangroup
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 3:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties Commercial
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Investment Insights
Based on property information with market context.
This 24,900-square-foot commercial parcel includes a 5,000-square-foot building constructed in 1980. The grounds contain landscaped areas and a private storage lot used for boats, cars, trucks, trailers, and heavy equipment. The property is being sold in as-is condition.
The site sits near Main Street, close to the junction with Old Rand Road and Route 22, and a short distance from Lake Zurich’s downtown shopping district. Main Street carries 7,350 vehicles per day. A previous ownership proposal for a brewery and restaurant received approval for the site.
The site sits near Main Street, close to the junction with Old Rand Road and Route 22, and a short distance from Lake Zurich’s downtown shopping district. Main Street carries 7,350 vehicles per day. A previous ownership proposal for a brewery and restaurant received approval for the site.
Key Highlights
- 24,900‑square‑foot commercial parcel with a 5,000‑square‑foot building
- Building constructed in 1980; property offered in as‑is condition
- Private storage area accommodates boats, cars, trucks, trailers, and heavy equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,135
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,700
$1.0M
Cap Rate 7%
$730,500
$730.5K
Cap Rate 9%
$568,167
$568.2K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$75.0K $15.00/SF
− Vacancy
−$2.0K −$0.39/SF
EGI
$73.1K $14.61/SF
− OpEx
−$21.9K −$4.38/SF
NOI
$51.1K $10.23/SF
Area
Lake County, IL
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,700
Cap Rate 7%
$730,500
Cap Rate 9%
$568,167
Alternative Uses
Best Use
Retail
$730.5K
$639.2K – $852.3K
NOI $51,135 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,839 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 85%
Shops & Services 15%
Ace Hardware And Rental
Home Improvements & Furnishings
4,029 visits/mo
0.1 miles
CubeSmart Self Storage
Shops & Services
699 visits/mo
0.4 miles
Demographics for 60047, IL
43,944
Population
15,877
Households
2.8
Avg Household Size
43
Median Age
67%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,259
Density / Sq Mi
$173,043
Median Household Income
$82,803
Median Earnings
$1,817
Median Rent
$510,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - The parcel includes an existing building and landscaped grounds used for private vehicle and equipment storage.
Where is this commercial land located?
The property is located at 101 E Main Street Lake Zurich, IL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 24,900‑square‑foot commercial parcel with a 5,000‑square‑foot building; Building constructed in 1980; property offered in as‑is condition; Private storage area accommodates boats, cars, trucks, trailers, and heavy equipment
