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    Property profile & analytics

    48 Old Rand Rd Lake Zurich, IL 60047

    • Retail properties
    • 7,100 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 48 Old Rand Rd

    Year built
    1980
    Property size
    7,100 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    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
    -88.0915
    Latitude
    42.1963

    Comparable in this City

    • Value Estimation by Request

      591 Rand Rd

      Restaurants
      591 Rand Rd, Long Grove, IL 60047
      View Details
    • Value Estimation by Request
      1,100 SF

      70 Landover Pkwy

      Medical offices • 1,100 SF
      70 Landover Pkwy, Hawthorn Woods, IL 60047
      View Details
    • Value Estimation by Request
      17,437 SF

      950 Main St

      Medical offices • 17,437 SF
      950 Main St, Lake Zurich, IL 60047
      View Details
    • Value Estimation by Request
      17,437 SF

      950 Main St

      Medical offices • 17,437 SF
      950 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
      5,525 SF

      119 Gilmer Rd

      Restaurants • 5,525 SF
      119 Gilmer Rd, Mundelein, IL 60047
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,437 SF

      Lake Zurich Medical Office Building

      17,437 SF Medical Office for Sale
      950 Main St, Lake Zurich, IL 60047
      View Details
    • $925,000

      Medical/Business Space on Rand Road

      Well-maintained medical/office property on a prime corridor, move-in ready.
      280 N Rand Rd, Lake Zurich, IL 60047
      View Details
    • $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
      View Details
    • $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
      0.59 Acres

      Lake Zurich Commercial Land Opportunity

      High-visibility corner lot, build-to-suit potential.
      520 Main St, Lake Zurich, IL 60047
      View Details
    • $249,900
      2.46 Acres

      Land in White Oak Estate

      2.46 acre lot in Long Grove, Illinois.
      4597 Patricia Dr, Long Grove, IL 60047
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      1,100 SF

      Hawthorn Woods Medical Office Space

      1,100 SF Medical Office Suite Available
      70 Landover Pkwy, Hawthorn Woods, IL 60047
      View Details
    • $15 SF/Yr
      17,437 SF

      Lake Zurich Medical Office Space

      Class A medical office suites available.
      950 Main St, Lake Zurich, IL 60047
      View Details
    • $20 SF/Yr
      52,400 SF

      Lake Zurich Retail Plaza

      Prime Lake Zurich retail space available.
      41 Rand Rd, Lake Zurich, IL 60047
      View Details
    • $19 SF/Yr

      Lake Zurich Professional Office Suite

      Move-in ready office suite in high-traffic Lake Zurich location.
      207 S Rand Rd, Lake Zurich, IL 60047
      View Details
    • $12 SF/Yr

      Lake Zurich Office/Medical Suites

      Move-in ready and build-to-suit office and medical suites available.
      715 Ela Rd, Lake Zurich, IL 60047
      View Details
    • $16 SF/Yr
      9,680 SF

      Lake Zurich Retail Space Available

      High-traffic retail space, 1,600 sq ft
      890 Rand Rd, Lake Zurich, IL 60047
      View Details
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    48 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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