$1,350,000
 $7,247 est/mo Sourced by Back At You

898 S Rand Road,Lake Zurich, IL 60047

Lake Zurich, IL 60047

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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.

Details

MLS #12114223
Listing TypeFor Sale
StyleLand
Sub-TypeResale
StatusActive
Days On Site359
Listing Provided ByColdwell Banker Commercial NRT | Paul Proano

Features

ZoningCOMMR
Acreage1.45

Parking

Parking FeaturesAsphalt

Utilities

UtilitiesElectricity Available, Natural Gas Available, Sewer Connected, Water Available

Taxes

Property15946

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Learn More About This Property

StateIL
CountyLake
CityLake Zurich
Zip Code60047
AreaHawthorn Woods | Lake Zurich | Kildeer | Long Gro
Sourced by Back At You
Listing Updated: July 2, 2025 at 1:05:45 AM PDT