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    41 Rand Rd Lake Zurich, IL 60047

    Sponsored
    For Lease
    $20 SF/Yr

    Prime Lake Zurich retail space available.

    Lot size:
    52,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Lakeview Plaza, a thriving retail center in Lake Zurich, IL, offers a 1,260 sq ft space for lease. This established property, located at 41 S Rand Rd (cross street: Honey Lake Rd), boasts a total of 52,400 sq ft across two single-story buildings on a 5.69-acre lot (APN: 1419104001). Built in 1988 and zoned B-3 | Regional Shopping, the plaza enjoys a high-traffic location on S Rand Road, with 35,000 vehicles passing daily. The property benefits from its proximity to Paulus Park and major retailers like Jewel-Osco, Target, and Costco, ensuring strong visibility and customer draw. Lakeview Plaza features a diverse tenant mix including NAPA Auto Parts, Kitchen Discounters of America, Gravitea Boba, All Ways Healthy Natural Food, First American Bank, and Bellalukes. This presents a unique opportunity to join a successful and established retail community in the Central North-West submarket (Deer Park, Lake Barrington, Long Grove, Hawthorn Woods) of Lake County. The property's location offers excellent access to surrounding neighborhoods. This space is perfect for a professional or boutique business seeking high visibility and a strong customer base. The property is situated in the desirable Lake Zurich, IL (zip code 60047) market.

    Property Features for 41 Rand Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    52,400 SF
    Total Rate
    87333.33

    Building Details

    Year Built
    1988
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Unit 91
    Size
    1,260 SF
    Rate per SF
    $20

    HighLights

    • 1,260 sq ft retail space available for lease in Lakeview Plaza, Lake Zurich, IL.
    • High‑traffic location on S Rand Rd with 35,000 vehicles per day.
    • Strong tenant mix including national and local businesses.
    • Excellent location near major retailers and Paulus Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Zurich
    County
    Lake
    State
    Illinois
    Longitude
    -88.111440510845
    Latitude
    42.196584751049

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    FAQs

    What type of property is this?
    Office space - Prime Lake Zurich retail space available.
    Where is this office space located?
    The property is located at 41 Rand Rd Lake Zurich, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 1,260 sq ft retail space available for lease in Lakeview Plaza, Lake Zurich, IL.; High-traffic location on S Rand Rd with 35,000 vehicles per day.; Strong tenant mix including national and local businesses.
    Request Owner's contact information
    41 Rand 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
    41 Rand Rd Lake Zurich, IL 60047
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