701 E Lake St, Streamwood, IL 60107

Listing office SVN | Chicago Commercial d***@svn.com Show Phone

Listing date Oct 18, 2024

Source Crexi

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Overview

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.

Suggested Use

Real Estate Agency Law Firm Restaurant Hair Salon Pharmacy Building Supply Hotel & Motel Big Box & Wholesale Store Spa & Massage Center Auto Parts Store

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

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