Property profile

41 Rand Rd Lake Zurich, IL 60047

OFF-MARKET
Commercial real estate
Property ID
US28-2175153
5.69 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 5.69 ac (247,856 SF)
APN 14-19-104-001
UPID US28-2175153

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
  • Restaurant

Location

41 Rand Rd Lake Zurich, IL 60047-2277
Lake Zurich metro Census 864408 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.92M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.84M

Owner & transaction history

since 2024
Last sale
$4.6M
7 recorded transactions
2025
Price N/A
2024
$7.7M
2022
Price N/A
2022
$4.6M
2018
Price N/A
2017
$3.2M
2007
$10.3M

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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