898 S Rand Road Active Save Request In-Person Tour Request Virtual Tour
Lake Zurich,IL 60047
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12114223
Annual Tax Amount $15,946
Tax Year 2022
Lot Size 1.450 Acres
Lot Dimensions 290X300X413X208.40
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 $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.
Location
State IL
County Lake
Zoning COMMR
Interior
Fireplace N
Exterior
Utilities Available Electric to Site,Gas to Site,Sanitary Sewer,Water-Municipal,Water to Site
View Y/N true
Schools
School District 95,95,95
Others
Ownership Fee Simple
Special Listing Condition None