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701 E Lake St Streamwood, IL 60107

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For Sale
$850,000

Shovel-ready site with high visibility and income potential.

Type:Industrial, Land, Retail
Property size:
32,670 SF
Lot size:
0.75 Acres
Added:
Oct 18, 2024
Days on Market:
531
Last Refresh:
Mar 17 at 1:13 pm

Property Features for 701 E Lake St

General Information

Standard status
Active
Size
32,670 SF
Lot size
0.75 Acres
Property subtype
Industrial, Land, Retail

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Listing Contact
Albert Lindeman
Albert Lindeman

Listing agent Albert Lindeman License #IL 471015537

Listing office SVN | Chicago Commercial

Listing date Oct 18, 2024

Source Crexi

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 SVN | Chicago Commercial


Overview

Prime Development Opportunity in Streamwood

This property presents a prime development opportunity in the Northwest Suburbs. The shovel-ready site includes an existing billboard generating $18,000 in annual rental income. Currently zoned I-2, the site benefits from high visibility, an existing curb cut, and a daily traffic count of 36,900 vehicles. This offers a lucrative prospect for a zoning change to facilitate retail development or a quick service restaurant. The location is suitable for warehouse, manufacturing, distribution, or retail operations. Situated in Streamwood, Illinois, within suburban Cook County, the property is located on a major retail arterial. The location provides convenient access to major transportation arteries, including major highways and O'Hare International Airport. The diverse economy of Suburban Chicago features a strong industrial base, making it suitable for businesses seeking to tap into a robust workforce and strategic distribution networks. Nearby attractions such as the NOW Arena and Spring Valley Nature Center offer recreational opportunities for employees and visitors, enhancing the overall appeal of the location for industrial and retail purposes. The property size is 32,670 square feet.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Streamwood
County
Cook
State
Illinois
Longitude
-88.167166
Latitude
41.9957761

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: 36,900 vehicles per day.; Existing billboard generates $18,000 annual rental income.; Shovel‑ready site in a prime location.
More about this property
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