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898 S Rand Road, Lake Zurich, IL 60047
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$1,400,000
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Home Details for 898 S Rand Road
Price
$1,400,000
Type
Lots/Land
Lot Size
1.45
County
Lake
Basement
None
Tax
$15,946
MLS®️ Listing#
12114223
On exitrealty.com
390 days
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 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.
- Utilities
- Electricity Available
- Natural Gas Available
- Sewer Connected
- Water Available
- Water Features
- Public
- Parking
- Asphalt
- Basement
- None
Listing Courtesy: Coldwell Banker Commercial NRT - 312-860-4043
Based on information submitted to the MLS GRID as of 2025-08-12 13:30:57. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.Last Updated: 2025-08-12 13:30:57
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Market statistics compiled from data from Midwest Real Estate Data.
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