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    135-155 Old Rand Rd Lake Zurich, IL 60047

    • Land
    • 175,111 SF
    • 1.00 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 135-155 Old Rand Rd

    Lot size
    1.00 lot acres
    Property size
    175,111 SF
    Property type
    Land

    Description

    This exceptional commercial land offering presents a unique redevelopment opportunity in the thriving northwest Chicago suburb of Lake Zurich, Illinois. The property encompasses four acres of land, divisible down to one-acre parcels, providing flexibility for various development projects. With a total square footage of 175,111, this site boasts a highly desirable B-2, Central Business District zoning designation. Its strategic location at a gateway intersection places it adjacent to the historic Lake Zurich Train Station and within easy walking distance of Lake Zurich. The property includes three separate parcels (PINs: 14-20-200-019

    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
    -88.0904
    Latitude
    42.1949

    Comparable in this City

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      Fremont Way

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      950 Ensell Rd

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      950 Ensell Rd, Lake Zurich, IL 60047
      View Details

    Similar Nearby for Sale

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      1.00 Acre

      Lake Zurich Commercial Land Opportunity

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      135-155 Old Rand Rd, Lake Zurich, IL 60047
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    • $699,000
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    Similar Nearby for Lease

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      Industrial flex units with drive-in door and loading docks.
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    135-155 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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