898 South Rand Road, Lake Zurich, IL

$1,400,000

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1.45

Acres

About 898 South Rand Road

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.

Features of 898 South Rand Road

MLS® # 12114223
Price $1,400,000
Bathrooms 0.00
Acres 1.45
Type Land
Sub-Type Land
Status Active

Community Information

Address 898 South Rand Road
Area Hawthorn Woods / Lake Zurich / Kildeer / Long Gro
City Lake Zurich
County Lake
State IL
Zip Code 60047

Amenities

Parking Asphalt
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement Yes
Basement None

School Information

District 95

Additional Information

Days on Market 453
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Commercial NRT
Contact Info312-860-4043

Listing Map

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