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3 S Old Rand Rd
Lake Zurich, IL 60047
Price Improved I Downtown Lake Zurich · Retail Property For Sale
Investment Highlights
- Streamlined permit processing with the Lake Zurich municipality facilitates smooth development processes
- Prime for redevelopment, with adjacent new constructions signaling area growth and potential opportunities
- Proximity to a signalized four-way intersection simplifies access to the property
- Property designation within TIF district #2 provides potential incentives for redevelopment initiatives, leveraging tax increment financing
- Adjacency to the bustling Main Street Commercial District, a hub of rapid development
- Strategic location near the highly lucrative Route 12/Rand Road commercial corridor promises significant business opportunities
Property Facts
Property Type
Retail
Property Subtype
Building Size
6,685 SF
Building Class
C
Year Built
1967
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.85
Lot Size
0.18 AC
Zoning
B-2 - The B-2 Central Business District is located in the center of the Village. It is intended to
serve the entire Lake Zurich suburban community with a wi
Parking
5 Spaces (0.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signalized Intersection
- Tenant Controlled HVAC
- Roof Terrace
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | 14-20-103-001 | Improvements Assessment | $171,486 |
| Land Assessment | $20,346 | Total Assessment | $191,832 |
Property Taxes
Parcel Number
14-20-103-001
Land Assessment
$20,346
Improvements Assessment
$171,486
Total Assessment
$191,832
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