IL > Lake Zurich
Lake Zurich, IL 60047,898 S Rand RD
Lake Zurich, IL 60047,898 S Rand RD
Lake Zurich, IL 60047,898 S Rand RD
Lake Zurich, IL 60047,898 S Rand RD
Lake Zurich, IL 60047,898 S Rand RD
Lake Zurich, IL 60047,898 S Rand RD
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Sara Latta-Young

Sara Latta-Young

+1(815) 685-5090
$ 1,500,000
Est. payment | /mo

1.45 Acres Lot

Save
$ 1,500,000
Est. payment | /mo
Save

1.45 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12114223

Annual Tax Amount $15,946

Tax Year 2022

Lot Size 1.450 Acres

Lot Dimensions 290X300X413X208.40

Property Description

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.

Location

State IL

County Lake

Area Hawthorn Woods / Lake Zurich / Kildeer / Long Grove

Zoning COMMR

Interior

Fireplace N

Exterior

Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site

Waterfront false

Building

Dwelling Type Land

Schools

School District 95 , 95, 95

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Paul Proano • Coldwell Banker Commercial NRT
agent-avatar

+1(815) 685-5090

saralattayoung@gmail.com

25027 Thornberry Drive Plainfield, IL 60544

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898 S Rand RD

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