898 South Rand Road
$1,500,000
63,162 / 1.45
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 $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...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.
- Listed by Paul Proano • Coldwell Banker Commercial NRT
- Listed by Alex Sokolowski • Coldwell Banker Commercial NRT
Property Details for 898 South Rand Road
Area
Hawthorn Woods / Lake Zurich / Kildeer / Long Grove
TownshipEla
OwnershipFee Simple
Num Of Parking Spaces0.0
ZoningCOMMR
LISTING UPDATED: 11/03/2024 01:04 PM
Property Details for 898 South Rand Road
Status | Active |
---|---|
MLS # | 12114223 |
Days on Market | 175 |
Taxes | $15,946 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land |
Year Built | - |
Lot Size | 1.45 AC |
County | Lake County |
Building Information for 898 South Rand Road
Lot Size1.45 AC
Property Information for 898 South Rand Road
Property History for 898 South Rand Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 898 South Rand Road
Taxable ValueLand$74,601Additions$131,775Total$206,376
Tax Record2023$15,944 ($1,329 / month)
Home Facts
Lot Size62,291 SqFtStyleMiscellaneous CommercialCountyLAKEAPN14-20-404-028
Schools near 898 South Rand Road
This home is within Lake Zurich Community Unit School District 95.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | PK to 8 |
Rating | School | Distance |
---|---|---|
May Whitney Elementary School PublicPK to 5 | ||
Lake Zurich Middle - S Campus Public6 to 8 | ||
Lake Zurich High School Public9 to 12 | ||
St Francis De Sales School PrivatePK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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