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    3 Old Rand Rd Lake Zurich, IL 60047

    • Retail properties
    • 6,685 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3 Old Rand Rd

    Year built
    1967
    Property size
    6,685 SF
    Property type
    Retail properties
    Property subtype
    Mixed-use properties

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Zurich
    County
    Lake
    State
    Illinois
    Longitude
    -88.0932
    Latitude
    42.1967

    Comparable in this City

    • Value Estimation by Request
      110.00 Acres

      Sec Rand & Old Mchenry

      Land • 110.00 Acres
      0 Sec Rand & Old Mchenry, Lake Zurich, IL 60047
      View Details
    • Value Estimation by Request

      600 Main St

      Individual retail properties
      600 Main St, Lake Zurich, IL 60047
      View Details
    • Value Estimation by Request

      30-34 Main St

      Individual retail properties
      30-34 Main St, Lake Zurich, IL 60047
      View Details
    • Value Estimation by Request
      187 SF

      Eagle Rdg Dr

      RETAIL STORES (PERSONAL SERVICES) • 187 SF
      Eagle Rdg Dr, Hawthorn Woods, IL 60047
      View Details
    • Value Estimation by Request
      2.24 Acres

      20420 Rand Rd

      Restaurants • 2.24 Acres
      20420 Rand Rd, Lake Zurich, IL 60047
      View Details
    • Value Estimation by Request

      591 Rand Rd

      Restaurants
      591 Rand Rd, Long Grove, IL 60047
      View Details

    Similar Nearby for Sale

    • $1,400,000
      1 SF

      Lake Zurich Mixed-Use Redevelopment Opportunity

      Mixed-use building with redevelopment potential in high-traffic Lake Zurich corridor.
      898 S Rand Rd, Long Grove, IL 60047
      View Details
    • $1,400,000

      Lake Zurich Mixed-Use Redevelopment

      Mixed-use property in high-traffic area with redevelopment potential.
      898 S Rand Rd, Lake Zurich, IL 60047
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    • $1,500,000
      1.45 Acres

      Lake Zurich Retail Redevelopment Opportunity

      1.45-acre prime retail land, high traffic
      898 Rand Rd, Lake Zurich, IL 60047
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    • $139,000

      Restaurant and Wine Bar Opportunity

      Restaurant and wine bar with licenses in historic Long Grove.
      132 N Old Mchenry Rd, Long Grove, IL 60047
      View Details
    • Contact for pricing
      1.00 Acre

      Lake Zurich Commercial Land Opportunity

      Four Acres, Divisible, Prime Location
      135-155 Old Rand Rd, Lake Zurich, IL 60047
      View Details
    • $699,000
      6.30 Acres

      6.3 Acres Commercial Land, Long Grove

      Prime Commercial Land, Office/Research Zoning
      0 Fremont Way, Buffalo Grove, IL 60047
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lake Zurich Multifamily Property

      Multifamily property available for rent in Lake Zurich, IL.
      52 E Main St, Lake Zurich, IL 60047
      View Details
    • $20 SF/Yr

      Retail Space in Lake Zurich

      Street-facing vanilla box ideal for retail or professional uses.
      95 S Rand Rd, Lake Zurich, IL 60047
      View Details
    • $19 SF/Yr

      Lake Zurich Retail Corner Unit

      High-visibility corner retail space in Lake Zurich, Illinois.
      201 S Rand Rd, Lake Zurich, IL 60047
      View Details
    • Contact for pricing
      2,500 SF

      Lake Zurich Retail Space Available

      Retail space in a major Lake Zurich retail hub.
      479 Ela Rd, Lake Zurich, IL 60047
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    • Contact for pricing
      4,000 SF

      Retail Space in High-Traffic Area

      Retail space available in a high-traffic location.
      Deerpark Illinois, Lake Zurich, IL 60047
      View Details
    • $23 SF/Yr

      Remodeled Commercial Unit in Lake Zurich

      Modern, turnkey commercial space ideal for beauty, wellness, or medical services.
      1130 S Old Rand Rd, Lake Zurich, IL 60047
      View Details
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    3 Old 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
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