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540 Cortland Dr
Lake Zurich, IL 60047
Retail Property For Sale
Investment Highlights
- Heavy Traffic Counts
- Large showroom
- Ample Parking
- Great Location on Rt. 22
- Close to other National Brand Tenants and restaurants
Executive Summary
Take advantage of this exceptional opportunity to acquire a highly trafficked retail property located directly on Rt. 22 and 1/2 mile to Rt. 12 in Lake Zurich. This prominent 28,371 sf foot retail building includes 19,000 SF on the first floor and 9,371 SF on the second floor. Located next to national brand retailers such as Trader Joes, Petco, Office Max and Jewel. Costco and Home Depot within a mile of the building along with many restaurants and other samller retail shops. Option for owner occupancy or investment with current successful furniture store tenant that may be interested in leasing back space. The small warehouse area offers drive in doors for easy loading and unloading.The building was remodeled in 2016 and 2021 including stain floor concrete, updated elevator, renovated owner appartment on second floor plus many other miscelanneous improvements. Do not contact or disturb employees or current tenant. Also available for lease.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
26,371 SF
Building Class
B
Year Built/Renovated
1995/2016
Price
$2,750,000
Price Per SF
$104.28
Tenancy
Single
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.36
Lot Size
1.70 AC
Zoning
B-3 - regional shopping district
Parking
64 Spaces (2.43 Spaces per 1,000 SF Leased)
Frontage
155’ on Il 22 Hwy
Amenities
- Corner Lot
- Pylon Sign
- Security System
- Signage
- Skylights
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | 14-19-400-035 | Improvements Assessment | $431,311 |
| Land Assessment | $102,596 | Total Assessment | $533,907 |
Property Taxes
Parcel Number
14-19-400-035
Land Assessment
$102,596
Improvements Assessment
$431,311
Total Assessment
$533,907
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