898 S Rand Road
Lake Zurich, IL 60047
- – beds
- – baths
- – sqft
- ~1 acre lot
- – on site
Introducing an unparalleled opportunity for visionary developers: Paul Proano Properties proudly presents an exclusive prime land development prospect in the heart of Lake Zurich. Nestled on 1.45 acres, this site features a 6,259 square foot mixed-use 10-unit building currently generating $100,800 annually, poised for increased rental yields. The unit mix is (4) 1Bd/1Bath units, (4) studio units, (1) 2Bd/1Bath unit and (1) office unit. Being zoned B-3 for regional shopping, the location offers exceptional redevelopment potential. Boasting 290 feet of frontage and comprehensive on-site utilities, this property ensures streamlined development. Lake Zurich, a vibrant community of 19,624 residents, provides an ideal backdrop for capitalizing on a prominent, high-traffic locale. Strategically positioned off Route 12 with 37,274 vehicles passing daily, it neighbors major retailers such as Walmart, Costco, and Home Depot. Adjacent to a bustling retail strip featuring Lake Zurich DMV, Binny's, Tropical Smoothie, and Duck Donuts, and with ongoing commercial developments nearby, this site promises to be a cornerstone of the area's growth.
Last checked:
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Last updated Nov 3, 2024
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MLS# 12114223 —
Location
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Directions:Take IL-53 N to Lake Cook Rd in Long Grove Continue on Lake Cook Rd to Kildeer Use the left 2 lanes to turn left onto US-12 W/N Rand Rd Take Frontage Rd
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Location:37951
The Property
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Parcel Number:14204040280000
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Property Type:Land
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Lot Size Dimensions:290X300X413X208.40
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Lot Size Acres:1.45
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Current Use:Multi-Family
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Possible Use:Commercial, Conditional Use, Retail
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Zoning:COMMR
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Building On Land:Yes
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Frontage Type:Frontage Road, Paved
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Frontage Length:290
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Waterfront:false
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Additional Parcels:false
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Road Surface Type:Asphalt
Listing Agent
- Contact info:
- Agent phone:
- (312) 860-4043
- Office phone:
- (312) 860-4043
Taxes
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Tax Year:2022
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Tax Annual Amount:15946
The Listing
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Special Listing Conditions:None
Utilities
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Utilities:Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site
Schools
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Elementary School District:95
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Middle Or Junior School District:95
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High School District:95
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/24/24
Jul 24, 2024
|
Listed / Active | MRED | $1,500,000 |
