520 Main StLake Zurich, IL 60047

Property Details for 520 Main St

Year built

1945

Construction

FRAME

Lot size

0.21 AC

Property size (Sq ft)

2,694 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

09-36-102-043

APU

936102043

Description

This exceptional 0.59-acre commercial land parcel, located at 520 West Main Street in Lake Zurich, Illinois (zip code 60047, APN 1419203033), presents a unique investment opportunity. Zoned B1, this property offers significant potential for development. Its prime corner location boasts a traffic signal, ensuring high visibility and accessibility for any future business. The site benefits from heavy traffic volume and multiple access points, maximizing exposure and convenience. With approximately 3,500 square feet of potential improvement, this land is ideal for build-to-suit projects, land leases, or outright sale. The strong performing market in Lake Zurich further enhances the value and potential return on investment. This is a rare chance to acquire a highly desirable commercial property in a thriving location. Serious inquiries are encouraged. The property is subject to offer.

• CAP approach

  CAP return

  Valuation

  6%

  $486,434

  6.5%

  $449,016

  7%

  $416,943

• Comparable approach

  Method

  Valuation

  Relative Method

  $273,503

  Geo Method

  $350,894

• Alternative Use

  Use

  Valuation

  Residential

  $556,780

  Hospitality

  $510,007

  Educational

  $424,320

  Medical

  $438,913

  Retail

  $660,053

Location Insight

City

Wauconda

County

Lake

State

Illinois

Latitude

42.2551

Longitude

-88.136

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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