Illinois
Lake Zurich
898 S Rand Road

$1,350,000

898 S Rand Road, Lake Zurich, IL 60047

Land
Built in ——
1.45acre lot
—— car garage
$——/sqft
Listed 0 years ago

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 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.

Listing Status:: Active
Listing Office:: Coldwell Banker Commercial NRT : 312-860-4043
Listing Agent:: Paul Proano : 312-860-4043
MLS ID:: 12114223

Basement: None

This listing courtesy of Paul Proano, Coldwell Banker Commercial NRT

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Isaac Fox Elementary School

395 W Cuba Rd, Lake Zurich, IL, 60047

Grades KG-5

0.58 miles away

Lake Zurich Middle School South

435 W Cuba Rd, Lake Zurich, IL, 60047

Grades 6-8

0.62 miles away

Lake Zurich High School

300 Church St, Lake Zurich, IL, 60047

Grades 9-12

1.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.