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    1001 Old Rand Rd Wauconda, IL 60084

    Sponsored
    For Sale
    $520,000

    5,200 SF Flex Space, Newly Renovated

    Property size:
    5,200 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    329
    This 5,200 square foot industrial condo in Wauconda, Illinois, presents a fantastic investment opportunity. Located at 1001 N Old Rand Rd, Suite 101, this single-story building boasts a 2.75-acre lot and is situated within a professional business park. Built in 1987 and extensively renovated in 2023, the property features a 14-foot ceiling height, a private drive-in door, and ample parking. The permitted zoning is Light Industrial, making it suitable for a variety of uses. The property benefits from low Lake County taxes and convenient access to US Route 12. The interior includes newly renovated offices, providing a modern and efficient workspace. This well-maintained property offers a blend of functionality and convenience, making it an ideal choice for businesses seeking a strategic location in a thriving area. The property is zoned for light industrial use and offers a single unit within a larger complex. The location provides easy access to major transportation routes, enhancing its appeal to a wide range of potential occupants. This is a rare opportunity to acquire a well-located, updated industrial space at an attractive price point.

    Property Features for 1001 Old Rand Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    5,200 SF
    Lot Size
    119,790 SF

    Building Details

    Year Built/Renovated
    1987/2023
    Stories
    1
    Units
    1

    HighLights

    • $520,000 asking price for this 5,200 square foot industrial condo.
    • Located at 1001 N Old Rand Rd, Wauconda, IL 60084, in a professional business park.
    • Features include a private drive‑in door, ample parking, and newly renovated offices.
    • The property sits on a 2.75‑acre lot and boasts 14‑foot ceilings.
    • Built in 1987 and renovated in 2023, this single‑story building is zoned for light industrial use.
    • Benefits from low Lake County taxes and convenient access to US Route 12.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wauconda
    County
    Lake
    State
    Illinois
    Longitude
    -88.1486189
    Latitude
    42.2746161

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Distribution property - 5,200 SF Flex Space, Newly Renovated
    Where is this distribution property located?
    The property is located at 1001 Old Rand Rd Wauconda, IL.
    What is the asking price?
    The asking price for this property is $520,000.
    What are key features of this property?
    This property features: $520,000 asking price for this 5,200 square foot industrial condo.; Located at 1001 N Old Rand Rd, Wauconda, IL 60084, in a professional business park.; Features include a private drive-in door, ample parking, and newly renovated offices.
    Request Owner's contact information
    1001 Old Rand Rd Wauconda, IL 60084
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    Wauconda, IL 60084
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1001 Old Rand Rd Wauconda, IL 60084
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