Prime Development Opportunity in
For Sale
Contact for pricing
701 E Lake St, Streamwood, IL 60107
Shovel-ready site with high visibility and income potential.
Property Size32,670 SF
Lot Size0.75 Acres
Price / SF$26.02
Days on Market672
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 Agency:
SVN | Chicago Commercial
(312) 676-1866
Listed By:
Albert Lindeman · License #IL 471015537
Source:
Crexi
Added: Oct 18, 2024
Changed: Aug 14
Last Checked: Aug 20 at 5:08PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- High traffic count: 36,900 vehicles per day.
- Existing billboard generates $18,000 annual rental income.
- Shovel‑ready site in a prime location.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 60107, IL
39,535
Population
13,476
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
87%
High-School Grad
7.7 sq mi
ZIP Area
5,134
Density / Sq Mi
$101,017
Median Household Income
$45,032
Median Earnings
$1,849
Median Rent
$258,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
