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    135-155 S Old Rand Rd Lake Zurich, IL

    For Sale
    Contact for pricing

    Four-acre redevelopment site in Lake Zurich's central business district.

    Lot size:
    4.00 Acres

    Property Features for 135-155 S Old Rand Rd

    General Information

    Lot size
    4.00 Acres

    Source: CRE Advising Agent Steve Horvath

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Zurich Redevelopment Opportunity

    This four-acre redevelopment opportunity is located in the northwest Chicago suburb of Lake Zurich. The site is divisible down to one-acre parcels. Situated at the gateway intersection to Lake Zurich, the location is near the Lake Zurich train station historical landmark and Lake Zurich. The zoning is B-2, Central Business District. Utilities are on site. The building shown in the aerial is no longer on the premises. The property consists of three parcels with the following PINs: 14-20-200-019, 14-20-200-009, and 14-20-200-013. The 2021 taxes were $31,656.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lake Zurich
    County
    Cook
    State
    Illinois
    Longitude
    -88.2558525
    Latitude
    42.0352856

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    FAQs

    What type of property is this?
    Land - Four-acre redevelopment site in Lake Zurich's central business district.
    Where is this land located?
    The property is located at 135-155 S Old Rand Rd Lake Zurich, IL.
    What are key features of this property?
    This property features: - Four-acre redevelopment opportunity in Lake Zurich.; - Divisible into parcels as small as one acre.; - Prime location at the gateway intersection to Lake Zurich.
    (312) 448-6401
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    135-155 S Old Rand Rd Lake Zurich, IL
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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
    135-155 S Old Rand Rd Lake Zurich, IL
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