41 Rand RdLake Zurich, IL 60047

  • Other commercial real estate
  • 5.69 AC
For Lease
$20/SF/YR View listing

Property Details for 41 Rand Rd

Lot size
5.69 AC
Property type
Other commercial real estate
APN
14-19-104-001
APU
1419104001

Description

Lakeview Plaza, a thriving retail center in Lake Zurich, IL, offers a 1,260 sq ft space for lease. This established property, located at 41 S Rand Rd (cross street: Honey Lake Rd), boasts a total of 52,400 sq ft across two single-story buildings on a 5.69-acre lot (APN: 1419104001). Built in 1988 and zoned B-3 | Regional Shopping, the plaza enjoys a high-traffic location on S Rand Road, with 35,000 vehicles passing daily. The property benefits from its proximity to Paulus Park and major retailers like Jewel-Osco, Target, and Costco, ensuring strong visibility and customer draw. Lakeview Plaza features a diverse tenant mix including NAPA Auto Parts, Kitchen Discounters of America, Gravitea Boba, All Ways Healthy Natural Food, First American Bank, and Bellalukes. This presents a unique opportunity to join a successful and established retail community in the Central North-West submarket (Deer Park, Lake Barrington, Long Grove, Hawthorn Woods) of Lake County. The property's location offers excellent access to surrounding neighborhoods. This space is perfect for a professional or boutique business seeking high visibility and a strong customer base. The property is situated in the desirable Lake Zurich, IL (zip code 60047) market.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $51,225,364
    Hospitality
    $46,922,160
    Educational
    $39,038,684
    Medical
    $40,381,284
    Retail
    $60,726,844
41 Rand Rd, Lake Zurich, Illinois
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Location Insight

City
Lake Zurich
County
Lake
State
Illinois
Latitude
42.1963
Longitude
-88.1119
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
$104,030
$943,702
$402,684
$1,346,386
-
$2,831,389
$1,208,173
$4,039,562

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