20420 Rand Rd Lake Zurich, IL 60047
- Retail properties
- 2.24 lot acres
Current Use by Public Records
- Retail properties
Property Details for 20420 Rand Rd
- Lot size
- 2.24 lot acres
- Property type
- Retail properties
- Property subtype
- Bars
Description
This exceptional 2.24-acre development site presents a unique investment opportunity on the highly sought-after Rand Road corridor in Lake Zurich, Illinois. Located in the desirable Lake County, at 20420 North Rand Road, Kildeer, IL 60047, this property boasts 100 feet of frontage, providing excellent visibility and accessibility. Currently zoned PUD (Planned Unit Development), this parcel offers significant flexibility for a variety of development projects. The site includes a non-operational tavern, but the true value lies in the land itself. A new land survey is available for review. With its strategic location south of the upscale Deer Park Town Lifestyle Center, this property benefits from the surrounding retail and restaurant density, ensuring high traffic and visibility. The property also includes 10 existing parking spaces. This is an ideal opportunity for developers seeking to capitalize on the strong demand for commercial development in this thriving Northwest Chicago suburb. The asking price is $2,500,000. Consider combining this lot with adjacent parcels to expand development potential. This property is ready for your vision.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Zurich
- County
- Lake
- State
- Illinois
- Longitude
- -88.0935
- Latitude
- 42.197
