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    900 Winnetka Ter Lake Zurich, IL 60047

    For Sale
    $580,000

    Commercial land parcel for sale with approved special use permit.

    Lot size:
    0.41 Acres

    Property Features for 900 Winnetka Ter

    General Information

    Standard status
    Active
    Lot size
    0.41 Acres

    Source: @PROPERTIES COMMERCIAL Agent MICHAEL LEVIN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land Development Opportunity

    This commercial land parcel presents a development opportunity in an exceptional location. The lot size is 17,860 square feet, with dimensions of 124x139x122x141. Ownership has been granted permission to construct a 2,340 square foot retail building, complete with a parking lot at the front. A special use permit has already been approved. The property has B-1 zoning and features 122 square feet of frontage on Rand Road. Curb cuts are permitted on both Rand Road and Winnetka Avenue. The location allows for 20 car parking spaces. Approximately 37,800 vehicles pass by this location daily. The property is situated close to public transportation. Nearby businesses and retailers include Timothy Grant Jewelry, Wild Cherry Gaming Cafe, Cara Mia Medspa, Atelier de Beaute, and Lago Lake Zurich.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lake Zurich
    County
    Cook
    State
    Illinois
    Longitude
    -88.0504
    Latitude
    42.201

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    FAQs

    What type of property is this?
    Commercial land - Commercial land parcel for sale with approved special use permit.
    Where is this commercial land located?
    The property is located at 900 Winnetka Ter Lake Zurich, IL.
    What is the asking price?
    The asking price for this property is $580,000.
    What are key features of this property?
    This property features: - Approved special use permit to build a 2,340 SQ FT retail building.; - High traffic location with 37,800 vehicles passing daily.; - B-1 Zoning.
    (312) 506-0200
    Request Owner's contact information
    900 Winnetka Ter Lake Zurich, IL 60047
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    Lake Zurich, IL 60047
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    900 Winnetka Ter Lake Zurich, IL 60047
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