715 Ela RdLake Zurich, IL 60047

  • Other commercial real estate
  • 0.32 AC
For Lease
$14/SF/YR View listing

Property Details for 715 Ela Rd

Lot size
0.32 AC
Property type
Other commercial real estate
APN
14-19-402-107
APU
1419402107

Description

715 Ela Road, Lake Zurich, IL 60047, presents a fantastic opportunity for businesses seeking office space in a prime Lake County location. This three-story, multi-tenant building offers a total of 14,130 square feet of space, with multiple suites available. Currently, three move-in ready suites are available, ranging from 844 to 1,780 square feet. Additionally, a 1,852-square-foot open space is available for build-to-suit options, providing flexibility for tenants with specific needs. The building features an elevator for convenient access to all three floors. The minimum divisible space is 1,434 square feet, while the maximum contiguous space available is 3,484 square feet. The building comprises six total suites, catering to a variety of business sizes. Located on Ela Road (Rt. 12), this property boasts ample parking, a significant advantage in this market. This attractive and competitively priced office building offers a compelling opportunity for businesses seeking efficient and well-located office space in Lake Zurich. The property is classified as both office and land, making it a versatile option for various business types.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,920,509
    Hospitality
    $2,675,170
    Educational
    $2,225,710
    Medical
    $2,302,256
    Retail
    $3,462,216
715 Ela Rd, Lake Zurich, Illinois
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Location Insight

City
Lake Zurich
County
Lake
State
Illinois
Latitude
42.1856
Longitude
-88.1022
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$42,821
$43,468
$510,794
$554,262
-
$130,417
$1,532,535
$1,662,952

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