$ 1,400,000
-
$1,400,000
Price -
0
Bed - Bath
-
0
SqFt
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About the Listing 37951 - 371192
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.
Listing Highlights for 898 S Rand Rd
Status
Active
Days on Site
419
Property Type
Vacant Land
MLS ®
12114223
Year Built
Total Square Footage
0
Lot/Acreage
1.45
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Municipal Water
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 290X300X413X208.40
- Zoning: COMMR
- Roof:
- Others:
- Sewer:
- Parking Features: Asphalt
Financial Details
- Tax Amount: $15,946
- Taxes w/Assessments: N/A
- Tax/Property ID: 14204040280000
- Tax Year: 2022
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
898 S Rand Rd Lake Zurich, IL 60047
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