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    Property profile & analytics
    FOR SALE
    Commercial land

    701 E Lake St, Streamwood, IL 60107

    32,670 SF
    Individually Owned 7-yr Hold
    Property ID
    US28-1984229
    Property summary
    AI-generated overview

    Introducing a prime development opportunity in the heart of the Northwest Suburbs! Bring your industrial project to this shovel-ready site with an existing billboard generating $18,000 in rental income annually. This site is currently Zoned I-2. The high visibility, existing curb cut, and daily traffic count of 36,900 Vehicles per day offer a lucrative prospect for a change in zoning to facilitate a retail development or quick service restaurant. This site presents a compelling space for warehouse, manufacturing, distribution, or retail operations. Bring your development to this exquisite site. Located in Streamwood, Illinois, in suburban Cook County, 701 E Lake St offers a prime location. 36,900 Vehicles per day pass this exceptional site on a major retail arterial, currently zoned I-2 Industrial. Situated within the vibrant Chicago metropolitan area, the location provides easy access to major transportation arteries, including major highways and O'Hare International Airport. The diverse economy of Suburban Chicago boasts a strong industrial base, making it an ideal location for businesses seeking to tap into a robust workforce and strategic distribution networks. The nearby attractions such as the NOW Arena and Spring Valley Nature Center offer recreational opportunities for employees and visitors to the area, enhancing the overall appeal of the location for industrial and very promising retail, land use purposes.

    Property profile
    Verified
    Property type Commercial land
    Total area 32,670 SF
    UPID US28-1984229
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Santo Albanese · 7 yrs held
    Santo Albanese
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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