701 E Lake St Streamwood, IL 60107
Shovel-ready site with high visibility and income potential.
Type:Industrial, Land, Retail
Property size:
32,670 SFLot 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
Listing agent Albert Lindeman License #IL 471015537
Listing office SVN | Chicago Commercial (847) 421-1066
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
Location Insight
- Map
- Local Demand
- City
- Streamwood
- County
- Cook
- State
- Illinois
- Longitude
- -88.167166
- Latitude
- 41.9957761
Nearby Similar for Sale
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.
