Prime Development Site in
701 E Lake St, Streamwood, IL 60107
Shovel-ready site with high visibility and income potential.
Type:Land
Property size:
32,670 SFLot size:
0.75 AcresPrice / SF:
$26/SF- Added:
- Jan 27, 2026
- Days on Market:
- 114
- Last Refresh:
- Apr 6 at 12:42 am
Property Features for 701 E Lake St
General Information
- Standard status
- Active
- Size
- 32,670 SF
- Lot size
- 0.75 Acres
- Property subtype
- Land
Building Details
- Year Built
- 2022
Listing agent David Coupe License #IL #471.016180 (312) 789-4866
Listing office (312) 789-4866
Listing date Jan 27, 2026
Source Svnchicago
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 David Coupe
HighLights
- High traffic count of 36,900 vehicles per day on Lake Street, offering excellent visibility.
- Existing billboard generates $18,000 annual rental income with scheduled increases.
- Shovel‑ready site with utilities on site and existing curb cut.
- Zoned I‑2 Industrial with potential for rezoning to retail, gas, or QSR.
- Strategic location in Streamwood, IL, with easy access to major highways, O'Hare Airport, and the Chicago metropolitan area.
- Proximity to Hanover Park Metra Station and I‑390 interchange enhances accessibility.
Overview
This 32,670 square foot site, zoned I-2 General Industrial PUD, presents a development opportunity in Streamwood, Illinois, located in suburban Cook County. The property benefits from high visibility on a major retail arterial, with a traffic count of 36,900 vehicles per day. Utilities are available on site, and the location features a signalized intersection 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 site is approximately 35 miles from downtown Chicago and less than a mile from the Hanover Park Metra Station. It is also just 6 minutes from the I-390 interchange at Lake Street, providing access to O’Hare International Airport. The property is located within the Chicago metropolitan area, offering access to major transportation arteries. The site is suitable for warehouse, manufacturing, distribution, or retail operations. The location is ideal for retail, gas, or quick service restaurant development. Nearby attractions include the NOW Arena and Spring Valley Nature Center. The 2023 taxes were $4,242.37.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Streamwood
- County
- Cook
- State
- Illinois
- Longitude
- -88.1672
- Latitude
- 41.9958
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FAQs
What type of property is this?
Commercial land - Shovel-ready site with high visibility and income potential.
Where is this commercial land located?
The property is located at 701 E Lake St Streamwood, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: High traffic count of 36,900 vehicles per day on Lake Street, offering excellent visibility.; Existing billboard generates $18,000 annual rental income with scheduled increases.; Shovel‑ready site with utilities on site and existing curb cut.
