890 Rand RdLake Zurich, IL 60047

  • Other commercial real estate
  • 1.26 AC
For Lease
$16/SF/YR View listing

Property Details for 890 Rand Rd

Lot size
1.26 AC
Property type
Other commercial real estate
APN
14-20-404-027
APU
1420404027

Description

This 1-story, 9,680 sq ft retail building in Lake Zurich, IL (60047), offers a 1,600 sq ft vacant suite ideal for a variety of retail uses. Located at 890 S Rand Rd, this property boasts a prime location with 39,600 vehicles passing daily. The suite features 78' x 20'-2" dimensions, 16' of storefront glazing on Rand Road and an additional 13' on the west side, perfect for visibility and advertising. The space includes an ADA-accessible restroom (10' x 7'4"), a sprinkler system, and a 9'-10" high ceiling with ample natural light. A utility sink with a fiberglass surround is conveniently located. The building, constructed in 2004 and renovated in 2018, offers 40 parking spaces and sits on a 1.26-acre lot. The zoning is B-3. The property is well-maintained and benefits from strong national co-tenants including Domino's Pizza, Sherwin Williams, and Lacey's Slots. A drive-thru window installation is possible. Freshly painted walls and new flooring options are available. The minimum divisible space is 1,600 sq ft, and the maximum contiguous space is also 1,600 sq ft. The APN is 14-20-404-027-0000. Please review zoning documents to confirm permitted uses.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,343,503
    Hospitality
    $10,390,588
    Educational
    $8,644,847
    Medical
    $8,942,157
    Retail
    $13,447,540
890 Rand Rd, Lake Zurich, Illinois
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Location Insight

City
Lake Zurich
County
Lake
State
Illinois
Latitude
42.1835
Longitude
-88.0846
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
$47,765
$215,654
$402,590
$618,244
-
$647,027
$1,207,891
$1,854,918

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