Property profile

591 Rand Rd Long Grove, IL 60047

OFF-MARKET
Retail properties & Spaces
Built 2004
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Property summary

AI-generated overview

This exceptional 2,400 square foot retail space, located at 591 Rand Rd in Lake Zurich, IL 60047, offers a unique opportunity for businesses seeking high visibility and accessibility. Situated in the vibrant Lake Zurich Shoppes, this single-story building boasts a prime location with excellent frontage on Rand Road, benefiting from a high daily traffic count of 35,000 vehicles. The space is divisible, with a minimum of 1,200 square feet available, allowing for flexibility to suit various business needs. The property features 44 total parking spaces for ample customer convenience. The building, constructed in 2004, is zoned B-1 and is situated in a thriving commercial area surrounded by established national tenants including Culver's, Starbucks, Kohl's, Lifetime Fitness, and a new LAGO steakhouse. The property's location near new luxury townhomes further enhances its appeal and potential for growth. The space is drive-thru capable and is currently a corner unit, offering maximum exposure. This location in Lake County, within the Lake Zurich submarket, presents a compelling opportunity for businesses seeking a high-traffic, well-established location. The property is part of a retail strip center, and the space is ready for immediate occupancy.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2004

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

591 Rand Rd Long Grove, IL 60047
Long Grove metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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