898 S Rand Road Lake Zurich, IL 60047
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.
- Property TypeLand
- NeighborhoodN/A
- CountyLake
- Taxes$15,946
- HOA/Condo/Coop Fees$0
- Days on Site61 Days
- MLS StatusActive
- MLS ID Number12114223
- Home Size Source N/A
- Year BuiltN/A
- Lot Size1.45 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 0
- Acreage 1.45
- Zoning COMMR
- General Information None
- Lot Size 1.0-1.99 Acres
- Parking Total 0
Interior Features
- Utilities Electric to SiteGas to SiteSanitary SewerWater-MunicipalWater to Site
Exterior Features
- Waterfront Property No
Community Features
- Township Ela
- MLS Area Hawthorn Woods / Lake Zurich / Kildeer / Long Grove