Prime Corner Lot Location I Mixed Use Building I TIF

3 S Old Rand Rd, Lake Zurich, IL 60047

  • For Sale $800,000
  • Property Type Retail
  • Property Size 6,685 SF
  • Units 5
  • Lot Size 8,150 SF
  • # of Floors 2
  • Parking Spaces Avail. 10
  • Parking Ratio 1.23 / 1,000 SF
  • Year Built 1967
  • Date Updated Apr 25, 2024
  • Website www.cbcworldwide.com
ATTENTION ALL INVESTORS OR SMALL BUSINESS OWNERS! Welcome to 3 S Old Rand Rd, a lucrative mixed-use development opportunity perfectly suited for investors and small business owners looking to make their mark in Downtown Lake Zurich, IL. With the current B-2 zoning this property offers opportunities whether you envision a cozy cafe, boutique retail shop, or professional office space, the possibilities are endless. Conveniently located in a thriving community, this property enjoys proximity to various amenities and attractions. The first floor offers 4,149 SF retail or office space which is currently a retail music store on a month to month lease and could vacate within 60 days or sign a short term lease. The building offers a 840 SF basement currently being used as storage for the first floor retail space. Upstairs, discover an additional approximately 1,200 rentable square feet of apartment living divided into 2-studio apartments and 2-(1)one-bedroom/(1)one bathroom apartments. Enhanced by a beautiful deck upstairs, providing versatile outdoor space ideal for various businesses to utilize and enhance customer experience. Currently only two out of the four units are operating as Airbnb units, generating steady additional income with potential for more. Investors can also take advantage of this strong rental market and generate steady income by renting the four apartment units on the second floor.

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Attachments

Highlights

  • Conveniently located in a thriving community, this property enjoys proximity to various amenities and attractions. Enhanced by a beautiful deck upstairs, providing versatile outdoor space ideal for various businesses to utilize and enhance customer experience. With a median household income of $127,330 within a 1-mile radius and low Lake County taxes, the area offers a favorable environment for both tenants and businesses
  • Age: Over 50 Years Old
  • Appliances: Dishwasher
  • Appliances: Double Oven
  • Appliances: Range / Oven
  • Appliances: Refrigerator
  • Area Amenities: Area Fishing
  • Area Amenities: Boating
  • Area Amenities: Outdoor Activities
  • Area Description: Suburban
  • Body of Water: Lake
  • Community Type: 55+ Community
  • Community Type: Adult
  • Cooling: Central A/C
  • Exterior: Sidewalk
  • Exterior Description: Cement Siding
  • Exterior Description: Stone
  • Exterior Description: Wood Siding
  • Exterior Living Space: Deck
  • Flooring: Wall to Wall Carpet
  • Garage Description: Attached Garage
  • General: Storage Area
  • Heating - Fuel Type: Electric
  • Heating - Fuel Type: Gas
  • Heating Type: Forced Air
  • Lot Description: Corner
  • Lot Size: Under 1/2 Acre
  • Road Type: City / Town Street
  • Sewer: City
  • Water: City Water

Contacts

broker

Paul Proano

Coldwell Banker Realty

(312) 860-4043

Location

Getting Around

  • Walk Score ®

    72/100 Very Walkable

  • Bike Score ®

    45/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Lake Zurich, IL
  • Zip Code 60047
  • Market Chicago

Points of Interest

  • Barrington

    3.64 miles

  • Palatine

    6.23 miles

  • Fox River Grove

    6.46 miles

  • Vernon Hills

    6.70 miles

  • Mundelein

    6.88 miles

  • Prairie View

    7.04 miles

  • Cary

    7.68 miles

  • Buffalo Grove

    8.00 miles

  • Arlington Park

    8.27 miles

  • Prairie Crossing

    9.26 miles

  • Costco Gasoline

    0.71 miles

  • BP

    0.97 miles

  • Marathon

    1.41 miles

  • Shell

    1.43 miles

  • Mariano's Gas Station

    1.64 miles

  • Shell

    3.29 miles

  • Mobil

    3.42 miles

  • Shell

    3.44 miles

  • Shell

    3.61 miles

  • Marathon

    3.74 miles

  • Citizen's Park parking

    2.81 miles

  • Deer Grove Parking Lot

    3.57 miles

  • Deer Grove Parking Lot

    3.58 miles

  • Baker's Lake Overlook Parking

    3.74 miles

  • Emergency Room Parking

    4.05 miles

  • Visitor Parking

    4.11 miles

  • Camp Alphonse Parking Lot

    4.17 miles

  • Deer Grove Parking Lot

    4.21 miles

  • Baker's Lake Younghusband Prairie

    4.40 miles

  • Deer Grove - East Parking Lot

    4.44 miles

  • La Parroquia Mexican Pancake House

    0.63 miles

  • Burger King

    0.76 miles

  • White Alps Cafe

    0.77 miles

  • Jimmy John's

    0.78 miles

  • D & J Bistro

    0.78 miles

  • McDonald's

    0.81 miles

  • Panera Bread

    0.81 miles

  • Beelow's Steakhouse

    0.84 miles

  • Dunkin'

    0.86 miles

  • Wendy's

    0.89 miles

  • Jewel-Osco

    0.74 miles

  • Walmart Supercenter

    0.80 miles

  • Target

    0.90 miles

  • Jewel-Osco

    0.97 miles

  • Trader Joe's

    0.98 miles

  • ALDI

    1.24 miles

  • Kohl's

    1.35 miles

  • Mariano's

    1.67 miles

  • Hienen's

    3.47 miles

  • Whole Foods Market

    3.59 miles

Frequently Asked Questions

What is the lease rate for Prime Corner Lot Location I Mixed Use Building I TIF?

Rental asking rate at Prime Corner Lot Location I Mixed Use Building I TIF is $400,000.00/YR.

What is the total square footage of Prime Corner Lot Location I Mixed Use Building I TIF?

Prime Corner Lot Location I Mixed Use Building I TIF totals 6,685 square feet.

When was this property built?

Prime Corner Lot Location I Mixed Use Building I TIF was built in 1967.

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Contact Listing Broker

broker

Paul Proano

Coldwell Banker Realty

(312) 860-4043