- 1.45 acres Lot Area
This is a carousel gallery, which opens as a modal once you click on any image. The carousel is controlled by both Next and Previous buttons, which allow you to navigate through the images or jump to a specific slide. Close the modal to stop viewing the carousel.
898 S Rand Road Lake Zurich, IL 60047
- MLS # 12114223
- Zoning: B-3
- Year Built: 1950
- Parking Spots: 14
Property Description
Great opportunity for redevelopment
1.45 acres
Zoned B-3
Prime location in Lake Zurich
High visibility
Facing Rt 12
With in the Lake Zurich retail corridor
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 six figures 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.
95
Property Highlights
- Lot Dimension: 290X300X413X208.40
- Annual Tax: $ 15946.0
- Age: 41-50 Years Old
- Lot Description: Access Type - Road
- Lot Size: 1-2 Acres
- Road Type: State Road
- Basement: None
- Sewer: City
- Water: Municipal Water
- Region: CHICAGO
Similar Listings
The listing broker’s offer of compensation is made only to participants of the multiple listing service where the listing is filed.
Request Information
Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.
By clicking CONTACT, I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Policy.
