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    715 Ela Rd Lake Zurich, IL 60047

    • Commercial real estate
    • 0.32 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimation
    $385,000
    Location Intelligence
    Property ID
    US28-0642489
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lanier Masonry And Concrete / Concrete Contractor
    • Dr. Nechama Brand / Dentist
    • Village Square Dentistry / Dentist
    • HRB Solutions, Inc. / Health Insurance Agency
    • American Medical Resource / Emergency Training School / Medical School

    Property Details for 715 Ela Rd

    Lot size
    0.32 lot acres
    Property type
    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $405,000

    • CAP approach

      CAP return
      Estimation
      6%
      $300,000
      6.5%
      $300,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $270,000
      Retail
      $255,000
      Mixed-Use
      $335,000
      Hospitality
      $350,000
      Educational
      $320,000
      Residential Income
      $305,000
      Energy
      $280,000
      Income-Based Land
      $290,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake Zurich
    County
    Lake
    State
    Illinois
    Longitude
    -88.1022
    Latitude
    42.1856
    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

    Comparable in this City

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      0.20 Acres

      61 Old Rand Rd

      COMMERCIAL (GENERAL) • 0.20 Acres
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      0.26 Acres

      437 Robert Parker Coffin Rd

      COMMERCIAL (GENERAL) • 0.26 Acres
      437 Robert Parker Coffin Rd, Long Grove, IL 60047-9611
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    • Value Estimation by Request
      0.18 Acres

      950 Il Rte 22nd Ste, Unit 105

      COMMERCIAL (GENERAL) • 0.18 Acres
      950 Il Rte 22nd Ste, Lake Zurich, IL 60047-3419
      View Details

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    • Contact for pricing
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      Prime Lake Zurich location, ideal for development.
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    Similar Nearby for Lease

    • $14 SF/Yr
      14,130 SF

      Lake Zurich Office Building

      Three-story office building with ample parking.
      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
    • Contact for pricing

      Lake Zurich Office Space Available

      Single office spaces for rent in downtown Lake Zurich.
      83 W Main St, 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
      View Details
    • $18 SF/Yr

      Hawthorn Woods Office Space Available

      1100 SF office space available for rent.
      70 Landover Pkwy, Hawthorn Woods, IL 60047
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent in Lake Zurich, Illinois.
      203 S Rand Rd, Lake Zurich, IL 60047
      View Details
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    715 Ela 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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