898 S Rand Road Lake Zurich, IL 60047
Prime 1.45-acre site with mixed-use building for redevelopment.
Type:Land or Vacant Lot
Property size:
6,259 SFLot size:
1.45 Acres- Added:
- Jul 24, 2024
- Days on Market:
- 636
- Last Refresh:
- Apr 5 at 9:35 pm
Property Features for 898 S Rand Road
General Information
- Standard status
- Active
- Size
- 6,259 SF
- Lot size
- 1.45 Acres
- Property subtype
- Land or Vacant Lot
Listing agent PAUL PROANO License #475170890
Listing office COLDWELL BANKER COMMERCIAL NRT (312) 860-4043
Listing date Jul 24, 2024
Source Corcoran
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 COLDWELL BANKER COMMERCIAL NRT
Overview
Lake Zurich Redevelopment Opportunity
An exclusive land development opportunity is available in Lake Zurich, featuring a 1.45-acre site with a 6,259 square foot mixed-use building. The building contains 10 units: four 1-bedroom/1-bath units, four studio units, one 2-bedroom/1-bath unit, and one office unit. The property currently generates six figures annually and is poised for increased rental yields. Zoned B-3 for regional shopping, the location offers redevelopment potential. The property features 290 feet of frontage and on-site utilities. Situated off Route 12, the location benefits from high traffic, with 37,274 vehicles passing daily. It is near major retailers such as Walmart, Costco, and Home Depot, and adjacent to a retail strip featuring Lake Zurich DMV, Binny's, Tropical Smoothie, and Duck Donuts. Ongoing commercial developments are nearby, indicating continued growth in the area.
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Lake Zurich
- County
- Cook
- State
- Illinois
- Longitude
- -88.1114
- Latitude
- 42.2034
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Prime 1.45-acre site with mixed-use building for redevelopment.
Where is this mixed-use property located?
The property is located at 898 S Rand Road Lake Zurich, IL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 1.45 acre prime land development opportunity in Lake Zurich's heart.; Existing 6,259 sq ft mixed‑use 10‑unit building generating six figures annually.; Zoned B‑3 for regional shopping, offering exceptional redevelopment potential.
