Financial
Distress signals
Property profile

715 Ela Rd Lake Zurich, IL 60047

OFF-MARKET
Commercial real estate
Property ID
US28-0642489
0.32 ac lot
Last sale Jan 2026 · $675,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

715 Ela Road, Lake Zurich, IL 60047, presents a fantastic opportunity for businesses seeking office space in a prime Lake County location. This three-story, multi-tenant building offers a total of 14,130 square feet of space, with multiple suites available. Currently, three move-in ready suites are available, ranging from 844 to 1,780 square feet. Additionally, a 1,852-square-foot open space is available for build-to-suit options, providing flexibility for tenants with specific needs. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$43k
Tax billed · 2023
Assessed value$554k
Assessed land$43k
Assessed improvement$511k
Effective rate7.73%

Value estimate

· Sep 2026
$405k
$365k – $446k
AI approach$405k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$139/SF
Submarket average, outlier-cleaned · 401 recorded sales of this use type
Observed band · Q1–Q3$75 – $250

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop8.8
Shoe Repair8.6
Storage Facility8.1

Location

715 Ela Rd Lake Zurich, IL 60047-6300
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
600 Il Rte 22, Lake Zurich, IL 60047-2594 $3,115,000 Oct 2025 No data
3 Old Rand, Lake Zurich, IL 60047-2313 $675,000 Oct 2025 No data
909 Rand, Lake Zurich, IL 60047-2547 $875,000 Sep 2025 No data
351 Il Rte 22, Lake Zurich, IL 60047-2448 $1,300,000 Sep 2025 No data
1 Salem Lk, Long Grove, IL 60047 $1,490,000 May 2025 1,847 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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