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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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
