Property Photo: 898 S Rand Road IL 60047

Listing Courtesy of:

Midwest Real Estate Data / Coldwell Banker Realty / Paul Proano / Alex Sokolowski

898 S Rand Road Lake Zurich, IL 60047

Active (125 Days)

$1,500,000

1.45

ACRES

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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 $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.

MLS #:
12114223

Taxes
$15,946(2022)

Lot Size
1.45 acres

Type
Land

School District
95

County
Lake County

Listed By

Paul Proano, Coldwell Banker Realty
Alex Sokolowski, Coldwell Banker Realty

Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked Nov 24 2024 at 8:50 AM GMT+0000

Bathroom Details

Utility Information

Utilities: Utility: Electric to Site, Utility: Gas to Site, Utility: Sanitary Sewer, Utility: Water-Municipal, Utility: Water to Site

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Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.