701 E Lake St Streamwood, IL 60107

This 32,670 square foot site, located in Streamwood, Illinois, presents a prime development opportunity. The property is situated on E Lake Street in suburban Cook County, approximately 35 miles from downtown Chicago. Zoned I-2 General Industrial PUD, the site benefits from utilities already in place and a curb cut on Lake Street. A large billboard on the property generates $18,000 in annual rental income, with increases of $1,500 every 5 years. The location offers high visibility at a signalized intersection, with traffic counts of 36,900 vehicles per day. The site is less than a mile from the Hanover Park Metra Station and just 6 minutes from the I-390 interchange at Lake Street, providing convenient access to O’Hare International Airport. The property is located within the Chicago metropolitan area, offering access to major transportation arteries. The area's diverse economy and strong industrial base make it suitable for businesses seeking access to a robust workforce and strategic distribution networks. Nearby attractions include the NOW Arena and Spring Valley Nature Center. The site is ideal for retail, gas, or quick service restaurant use, and presents a compelling space for warehouse, manufacturing, or distribution operations. The 2023 taxes were $4,242.37.