$1,350,000

898 S Rand Road

Lake Zurich, Illinois 60047

Price Change / MLS #12114223 / Vacant Land / Lake Zurich

Listing information updated 3/12/2025 at 12:23pm

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.

Full Features

Basement:

None

Water Front:

Square Feet:

N/A

Lot Size:

1.0-1.99 Acres

Acreage:

1.45

Taxes & Assessments

Tax Amount:

$15,946

Tax Year:

2022

Location

Zip Code:

60047

City:

Lake Zurich

County:

Lake

Schools

School District(s):

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Full Features Taxes & Assessments Location Schools

Basement:

None

Water Front:

Square Feet:

N/A

Lot Size:

1.0-1.99 Acres

Acreage:

1.45

Listing Office: Coldwell Banker Commercial NRT

Listing Office Phone: 312.860.4043

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/12/2025 at 12:23pm. 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.

Neighborhood Market Trends

Lake Zurich, IL

At the heart of the idyllic Village of Lake Zurich is its namesake lake. A charming boardwalk lines the lake near Main Street. The village regularly appears on “best places” lists, and has been named one of the “Top 20 Affordable Places to Live in the Country” by U.S. News. Lake Zurich boast...

Learn More