Property profile

755 Rand Rd Lake Zurich, IL 60047

OFF-MARKET
Commercial land
Property ID
US28-2305108
3.93 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 23-acre commercial land parcel presents a unique investment opportunity in the thriving Lake Zurich, Illinois market. Located at 755 S. Rand Road, the property boasts significant frontage on a major thoroughfare, ensuring high visibility and accessibility for any commercial development. The B-3 zoning allows for a wide range of commercial uses, providing flexibility for potential buyers. Situated in Lake County, Illinois, with a zip code of 60047, this expansive site offers unparalleled potential for businesses seeking a prominent location. The property's substantial size provides ample space for large-scale projects, while its strategic location ensures convenient access to transportation networks and a robust local economy. Detailed site plans and zoning information are readily available upon request. This is an exceptional opportunity to acquire a significant land holding in a prime commercial location. The current owner is Regal Cinema. Serious inquiries only.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 3.93 ac (171,191 SF)
APN 14-20-306-009
UPID US28-2305108

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
  • Cinema Theater & Performing Art Venue

Location

755 Rand Rd Lake Zurich, IL 60047-3414
Lake Zurich metro Census 864411 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2021
Price N/A
2021
Price N/A

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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