898 S Rand Road, Lake Zurich, IL 60047
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
898 S Rand Road,Lake Zurich, IL 60047
$1,400,000
- 1.45 Acres
- Lots / Land
- Active
Listed by:paul proano
Office:coldwell banker commercial nrt
MLS#:12114223
Source:MLSNI
Price summary
- Price:$1,400,000
About this home
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.
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Home facts
- Listing ID #:12114223
- Added:431 day(s) ago
- Updated:September 29, 2025 at 01:28 PM
Structure and exterior
- Lot area:1.45 Acres
Finances and disclosures
- Price:$1,400,000
- Tax amount:$15,946 (2022)
Copyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 898 S Rand Road
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