Properties

Features
: Electric to Site , Gas to Site , Water to Site , Sanitary Sewer , Water-Municipal
Address Map
US
IL
Lake
Lake Zurich
60047
Rand
898
Road
W89° 55' 2.9''
N42° 11' 12.8''
Take IL-53 N to Lake Cook Rd in Long Grove Continue on Lake Cook Rd to Kildeer Use the left 2 lanes to turn left onto US-12 W/N Rand Rd Take Frontage Rd
Hawthorn Woods / Lake Zurich / Kildeer / Long Grove
S
COMMR
Neighborhood
95
95
95
Additional Information
: Multi-Family
290X300X413X208.40
Commercial,Retail
1500000
Coldwell Banker Commercial NRT
Paul Proano
Financial
15946
Listing Information
371192
37951
Active
2025-03-18T05:29:02Z
MRED
: None
2025-03-18T05:28:05Z
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.

Land For Sale

898 S Rand Road, Lake Zurich, Illinois 60047

  • Lot Size: 1.45 Acre
$1,350,000
Listing ID#12114223
QR Code
Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : 12114223
Price : $1,350,000
Lot Size : 1.45 Acre
Listing Status : Active
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