Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Us Highway 12 Lake Zurich, IL 60047

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Six parcels of land available for commercial development.

    Type:Land
    Property size:
    5 SF
    Added:
    Nov 21, 2025
    Days on Market:
    137
    Last Refresh:
    Dec 3 at 5:32 am

    Property Features for Us Highway 12

    General Information

    Standard status
    Active
    Size
    5 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Perry Higa

    Listing agent Perry Higa

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Perry Higa

    Overview

    Vacant Land Ready for Development

    Six parcels of vacant land, totaling approximately 5 acres, are available for development at the northwest corner of Miller and Rand Roads (US Hwy 12). The parcels are located at 24528 W Miller Road, Barrington (0.12 acres); 24560 W Miller Road, Barrington (0.98 acres); 24058 N US Hwy 12, Lake Zurich (1.04 acres); 24076 N US Hwy 12, Lake Zurich (0.96 acres); 24102 N US Hwy 12, Lake Zurich (1.05 acres); and 24118 N US Hwy 12, Lake Zurich (0.96 acres). Located in unincorporated Lake County, the land is planned to be annexed to Lake Zurich and can be rezoned for commercial development. A build-to-suit option is available, and the seller may consider subdividing the property.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

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

    Nearby Similar for Sale

    • $1,499,999

      Lake Zurich Multifamily Investment Opportunity

      Rebuilt duplex with lake views, steps from downtown Lake Zurich.
      217 W Main Street, Lake Zurich, IL 60047
      View Details
    • $125,000

      Residential Land in Lake Zurich

      Land for sale in Lake Zurich, Illinois.
      480 Grand Avenue lot: 1, Lake Zurich, IL 60047
      View Details
    • $397,900
      3,353 SF

      Commercial

      1186 Heather Drive, Lake Zurich, IL 60047
      View Details
    • $799,900

      Land Ready for Subdivision

      3-acre property in Lake Zurich, ideal for single-family home development.
      21763 N Deerpath Road, Lake Zurich, IL 60047
      View Details
    • $15,000

      Protected Wetland Parcel in Lake Zurich

      1.45 acre protected wetland parcel in Lake Zurich, Illinois.
      1080 Westberry Court, Lake Zurich, IL 60047
      View Details
    • $125,000

      Lake Zurich Vacant Lot

      Vacant lot with lake views in Lake Zurich, Illinois.
      15 Lake Street, Lake Zurich, IL 60047
      View Details
    • $15,000

      Protected Wetland Parcel For Sale

      Non-buildable, protected wetland parcel, ideal for nature enthusiasts.
      1080 Westberry Court, Lake Zurich, IL 60047
      View Details
    • $5,575,000
      54,688 SF

      Industrial Property For Sale

      54,688 SqFt industrial property with 8.04% CAP rate.
      61 Oakwood Rd, Lake Zurich, IL 60047
      View Details
    • Contact for pricing
      78,651 SF

      Lake Zurich Warehouse For Sale

      78,651 sqft warehouse with expansion land in Lake Zurich.
      1400 Rose Rd, Lake Zurich, IL 60047
      View Details
    • $1,400,000
      6,259 SF

      Lake Zurich Redevelopment Opportunity

      Prime 1.45-acre site with mixed-use building for redevelopment.
      898 S Rand Road, Lake Zurich, IL 60047
      View Details
    • $925,000

      Medical/Business Space on Rand Road

      Well-maintained medical/business space in Lake Zurich, move-in ready.
      280 N Rand Road, Lake Zurich, IL 60047
      View Details
    • $925,000
      5,000 SF

      Medical/Business Space on Rand Road

      Well-maintained medical/office property near Good Shepherd Hospital.
      280 N Rand Road, Lake Zurich, IL 60047
      View Details

    FAQs

    What type of property is this?
    Land - Six parcels of land available for commercial development.
    Where is this land located?
    The property is located at Us Highway 12 Lake Zurich, IL.
    What are key features of this property?
    This property features: Located at the NWC of Miller and Rand (US Hwy 12) Roads; Vacant land ready for development; Six parcels totaling approximately 5.11 acres
    (630) 235-2980
    We can help!
    Listing Contact
    Perry Higa
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!