345 Rand RdLake Zurich, IL 60047

Property Details for 345 Rand Rd

Lot size

12.80 AC

Property type

Other commercial real estate

APN

14-19-204-005

APU

1419204005

Description

North Lake Commons, a prime retail strip center in Lake County, offers 13,914 square feet of vacant space, perfectly situated at the intersection of Rand Rd and Route 22. This multi-tenant property boasts excellent visibility and accessibility, attracting significant foot traffic. Five individual spaces are available, ranging from a minimum of 1,051 square feet to a maximum contiguous space of 8,808 square feet, providing flexibility for various retail businesses. The center enjoys a strategic location near major employers, resulting in a substantial daytime population exceeding 43,000. This translates to a strong customer base with high purchasing power, supported by an average household income exceeding $174,000 within a three-mile radius. The property benefits from its proximity to established businesses such as Jewel Osco, Amita Health, and Massage Envy, creating a synergistic environment and attracting a diverse clientele. This is an exceptional opportunity for businesses seeking high-traffic exposure and a thriving retail environment in a desirable Lake County location. The entire center is currently vacant, presenting a unique chance to establish a new retail presence or consolidate operations. The property's size and layout offer significant potential for customization and adaptation to suit individual business needs.

• Alternative Use

  Use

  Valuation

  Residential

  $115,270,712

  Hospitality

  $105,587,352

  Educational

  $87,847,440

  Medical

  $90,868,648

  Retail

  $136,651,568

Location Insight

City

Lake Zurich

County

Lake

State

Illinois

Latitude

42.1917

Longitude

-88.1101

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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