199 Rand RdLake Zurich, IL 60047

  • Other commercial real estate
  • 1.62 AC
For Lease

Property Details for 199 Rand Rd

Lot size
1.62 AC
Property type
Other commercial real estate
APN
14-19-100-016
APU
1419100016

Description

Lake Zurich Square offers a prime retail opportunity with two available spaces, ranging from 1,060 to 1,200 square feet. This single-story, 15,000-square-foot Class B building sits on a 1.62-acre lot and features seven total suites. Currently, 2,184 square feet are vacant, providing flexibility for various retail or restaurant concepts. The minimum divisible space is 1,000 square feet, with a maximum contiguous space of 1,200 square feet. The property boasts excellent visibility and accessibility, located on Rand Road with a high volume of traffic (39,000 vehicles per day). Ample parking is available with over 70 spaces. Benefit from strong co-tenancy with established businesses including a family martial arts studio, salon, State Farm, JJ Twiggs Pizza, and Tacos El Norte. The surrounding area features a high concentration of desirable businesses such as Aldi, Costco, Goodwill, Home Depot, LA Fitness, and Walmart, contributing to a robust customer base. The area also enjoys high household incomes exceeding $150,000, indicating strong purchasing power. The property is zoned Commercial-Retail and offers easy access to surrounding neighborhoods. No elevators are present in this single-story building.

199 Rand Rd, Lake Zurich, Illinois
Leaflet | © OpenStreetMap contributors

Location Insight

City
Lake Zurich
County
Lake
State
Illinois
Latitude
42.1943
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
$59,000
$281,896
$481,773
$763,669
-
$845,773
$1,445,464
$2,291,237

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