Property profile

217 Main St Lake Zurich, IL 60047

OFF-MARKET
Commercial land
Property ID
US28-2816274
0.13 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Located at 217 West Main Street directly across from Lake Zurich, this rebuilt 3,435 sq ft residence contains 5 bedrooms and 4 full bathrooms and is configured as two fully independent living units. Each unit has separate kitchens, laundry areas, entrances, and dedicated mechanical systems, including its own furnace, AC unit, water heater, and electrical panel. The bathrooms feature floor-to-ceiling tile with curbless frameless glass showers and a matte black and brushed gold design palette, while the main living areas use large-format 3'3" commercial-grade LVP flooring. The home includes two full chef’s kitchens with quartz countertops and multiple refrigerators, and the upper-level suite features custom oak cladding and lake views. Exterior improvements include a copper front porch roof and gutters, a designer slate-look roof, James Hardie siding, Unilock hardscape, TimberTech decking, and replaced windows, doors, and landscaping. The property is approximately 0.1 miles from downtown Lake Zurich dining, coffee shops, and parks, in a fully developed lake-adjacent corridor with an improved shoreline.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.13 ac (5,663 SF)
APN 14-20-104-045
UPID US28-2816274

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tour Operator

Location

217 Main St Lake Zurich, IL 60047-2354
Lake Zurich metro Census 864409 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2023
Last sale
$290,000
1 recorded transaction
2023
$290,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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