Mixed-Use Building with
New
For Sale
$325,000
27 S Old Rand Road, Lake Zurich, IL 60047
Commercial space and a residential rental occupy separate levels in this downtown Lake Zurich property.
Property Size1,912 SF
Price / SF$169.98
Days on Market3
Property Features for 27 S Old Rand Road
General Information
Standard status
Active
Size
1,912 SF
Property subtype
Commercial
Zoning
COMMR
Additional Details
Mixed-Use Components
commercial, residential
Multifamily Units
1
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,623
Building Details
Building Size
1,912 SF
Year Built
1950
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Starck Real Estate
Listed By:
Kim McCallister Kruse
(815) 338-7111
Source:
Crossdavidson
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:59PM
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 Berkshire Hathaway HomeServices Starck Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property combines commercial space with a residential rental on the upper floor. The property dates to 1950 and is being offered in as-is condition.
At 27 S Old Rand Road, the building is in downtown Lake Zurich. The residential tenancy is month-to-month.
At 27 S Old Rand Road, the building is in downtown Lake Zurich. The residential tenancy is month-to-month.
Key Highlights
- Commercial space with an upper‑floor residential rental
- Located at 27 S Old Rand Road in downtown Lake Zurich
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,789
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,780
$395.8K
Cap Rate 7%
$282,700
$282.7K
Cap Rate 9%
$219,878
$219.9K
Market Conditions
NOI Build-Up for 1,912 SF
Gross rent
$34.4K $18.00/SF
− Vacancy
−$2.8K −$1.44/SF
EGI
$31.7K $16.56/SF
− OpEx
−$11.9K −$6.21/SF
NOI
$19.8K $10.35/SF
Area
Lake County, IL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,780
Cap Rate 7%
$282,700
Cap Rate 9%
$219,878
Alternative Uses
Best Use
Mixed Use
$282.7K
$247.4K – $329.8K
NOI $19,789 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$660.1K
$577.6K – $770.2K
NOI $46,209 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space and a residential rental occupy separate levels in this downtown Lake Zurich property.
Where is this mixed-use property located?
The property is located at 27 S Old Rand Road Lake Zurich, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Commercial space with an upper‑floor residential rental; Located at 27 S Old Rand Road in downtown Lake Zurich; Built in 1950
