Lake Zurich Mixed-Use
898 S Rand Road, Lake Zurich, IL 60047
Mixed-use property in high-traffic area with redevelopment potential.
Type:Commercial
Lot size:
1.45 Acres- Added:
- Aug 13, 2025
- Days on Market:
- 282
- Last Refresh:
- Apr 5 at 8:55 pm
Property Features for 898 S Rand Road
General Information
- Standard status
- Active
- Lot size
- 1.45 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agent PAUL PROANO License #475170890
Listing office COLDWELL BANKER COMMERCIAL NRT (312) 860-4043
Listing date Aug 13, 2025
Source Corcoran
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 COLDWELL BANKER COMMERCIAL NRT
HighLights
- High‑traffic location on Route 12 with 37,000+ vehicles passing daily
- Existing mixed‑use building generating $100,800 in annual rental income
- B‑3 zoning allows for flexible commercial or mixed‑use development
- Approximately one acre of undeveloped land for additional construction
- Located in Lake Zurich's primary retail corridor near major national retailers
- Full on‑site utilities simplify the development process
Overview
Located in Lake Zurich, this 1.45-acre property presents a multi-family and redevelopment opportunity. The site features a 6,259-square-foot mixed-use building with 124 feet of frontage on Route 12, which sees over 37,000 vehicles daily. The existing structure is almost fully occupied and includes four 1-bedroom/1-bath units, four studio units, one 2-bedroom/1-bath unit, and one office unit. These units generate $100,800 in annual rental income. Zoned B-3 (Regional Shopping District), the site allows for commercial or mixed-use development options, including continued residential use, retail, or office expansion. Approximately one acre of the land is undeveloped, creating the opportunity to construct an additional building. Full on-site utilities are in place. The property is located within Lake Zurich's primary retail corridor, surrounded by national retailers including Walmart, Costco, Home Depot, ALDI, Binny's, Starbucks, and the Lake Zurich DMV. The area within a one-mile radius has over 9,100 residents.
Location Intelligence
Current Use by Public Records
Mixed-use properties
Location Insight
- Map
- Local Demand
- City
- Lake Zurich
- County
- Cook
- State
- Illinois
- Longitude
- -88.1114
- Latitude
- 42.2034
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in high-traffic area with redevelopment potential.
Where is this mixed-use property located?
The property is located at 898 S Rand Road Lake Zurich, IL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: High‑traffic location on Route 12 with 37,000+ vehicles passing daily; Existing mixed‑use building generating $100,800 in annual rental income; B‑3 zoning allows for flexible commercial or mixed‑use development
