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    715 Ela Rd Lake Zurich, IL 60047

    Sponsored
    For Lease
    $14 SF/Yr ($16,485 /Mo)

    Three-story office building with ample parking.

    Lot size:
    14,130 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    715 Ela Road, Lake Zurich, IL 60047, presents a fantastic opportunity for businesses seeking office space in a prime Lake County location. This three-story, multi-tenant building offers a total of 14,130 square feet of space, with multiple suites available. Currently, three move-in ready suites are available, ranging from 844 to 1,780 square feet. Additionally, a 1,852-square-foot open space is available for build-to-suit options, providing flexibility for tenants with specific needs. The building features an elevator for convenient access to all three floors. The minimum divisible space is 1,434 square feet, while the maximum contiguous space available is 3,484 square feet. The building comprises six total suites, catering to a variety of business sizes. Located on Ela Road (Rt. 12), this property boasts ample parking, a significant advantage in this market. This attractive and competitively priced office building offers a compelling opportunity for businesses seeking efficient and well-located office space in Lake Zurich. The property is classified as both office and land, making it a versatile option for various business types.

    Property Features for 715 Ela Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,130 SF
    Total Rate
    16485

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    3B
    Size
    3,484 SF
    Rate per SF
    $14
    Space
    2A
    Size
    1,434 SF
    Rate per SF
    $14
    Space
    3C
    Size
    1,780 SF
    Rate per SF
    $14

    HighLights

    • Three‑story, multi‑tenant office building totaling 14,130 square feet in Lake Zurich, IL.
    • Multiple suites available, ranging from 844 to 1,780 square feet; move‑in ready.
    • 1,852‑square‑foot open space available for build‑to‑suit.
    • Building features an elevator and ample parking.
    • Located on Ela Road (Rt. 12) in a prime Lake County location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lanier Masonry And Concrete Concrete Contractor Dr. Nechama Brand Dentist Village Square Dentistry Dentist HRB Solutions, Inc. Health Insurance Agency American Medical Resource Medical School

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Wholesale Shop Spa & Massage Auto Repair Shop Dental Office Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Zurich
    County
    Lake
    State
    Illinois
    Longitude
    -88.102378396979
    Latitude
    42.18576233029

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    FAQs

    What type of property is this?
    Land - Three-story office building with ample parking.
    Where is this land located?
    The property is located at 715 Ela Rd Lake Zurich, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Three-story, multi-tenant office building totaling 14,130 square feet in Lake Zurich, IL.; Multiple suites available, ranging from 844 to 1,780 square feet; move-in ready.; 1,852-square-foot open space available for build-to-suit.
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    715 Ela Rd 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
    715 Ela Rd Lake Zurich, IL 60047
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