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.
MLS # | 12114223 |
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Listing Type | For Sale |
Style | Land |
Sub-Type | Resale |
Status | Active |
Days On Site | 359 |
Listing Provided By | Coldwell Banker Commercial NRT | Paul Proano |
Zoning | COMMR |
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Acreage | 1.45 |
Parking Features | Asphalt |
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Utilities | Electricity Available, Natural Gas Available, Sewer Connected, Water Available |
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Property | 15946 |
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State | IL |
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County | Lake |
City | Lake Zurich |
Zip Code | 60047 |
Area | Hawthorn Woods | Lake Zurich | Kildeer | Long Gro |