Prime Corner Lot Location I Mixed Use Building I TIF

3 S Old Rand Rd, Lake Zurich, IL 60047

  • For Sale $779,985
  • Property Type Other
  • Units 5
  • Lot Size 8,150 SF
  • Additional Rent Contact for pricing
  • # of Floors 2
  • Parking Spaces Avail. 10
  • Parking Ratio 1.23 / 1,000 SF
  • Year Built 1967
  • Date Updated Nov 19, 2024
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

Alex Sokolowski

Coldwell Banker Realty

broker

Paul Proano

Coldwell Banker Realty

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

    3.63 miles

  • Palatine

    6.23 miles

  • Fox River Grove

    6.45 miles

  • Mundelein

    6.89 miles

  • Cary

    7.67 miles

  • Arlington Park

    8.27 miles

  • Prairie Crossing

    9.48 miles

  • Libertyville Metra Station

    9.57 miles

  • Libertyville

    9.57 miles

  • Arlington Heights

    9.59 miles

  • ChargePoint

    0.12 miles

  • Costco Gasoline

    0.70 miles

  • Casey's General Store

    0.76 miles

  • Shell

    0.86 miles

  • Electrify America

    0.92 miles

  • BP

    0.96 miles

  • Mariano's

    1.65 miles

  • Mobil

    3.42 miles

  • Volta Charging Station

    7.92 miles

  • CDW Charging Station

    8.00 miles

  • Citizen's Park parking

    2.80 miles

  • Deer Grove Parking Lot

    3.57 miles

  • Baker's Lake Overlook Parking

    3.73 miles

  • Emergency Room Parking

    4.04 miles

  • Visitor Parking

    4.10 miles

  • Holiday Inn Express & Suites

    0.99 miles

  • Hampton Inn & Suites

    3.46 miles

  • Baymont Inn & Suites Mundelein near Vernon Hills

    5.70 miles

  • Doubletree Mundelein

    5.74 miles

  • Motel 6 Palatine

    5.76 miles

  • Super 8 by Wyndham Mundelein/Libertyville Area

    5.82 miles

  • Courtyard

    5.83 miles

  • Days Inn & Suites by Wyndham Arlington Heights

    6.26 miles

  • Four Points by Sheraton Buffalo Grove

    6.63 miles

  • Holiday Inn Express Vernon Hills

    7.59 miles

  • Vault 232

    0.02 miles

  • Scoreboard

    0.13 miles

  • Consume

    0.74 miles

  • Burger King

    0.75 miles

  • Jimmy John's

    0.77 miles

  • D & J Bistro

    0.77 miles

  • McAlister's Deli

    0.79 miles

  • Panera Bread

    0.80 miles

  • McDonald's

    0.81 miles

  • Popeyes

    0.81 miles

  • May Whitney Elementary School

    0.40 miles

  • Lake Zurich High School

    0.74 miles

  • Sarah Adams Elementary School

    1.11 miles

  • Seth Paine Elementary School

    1.24 miles

  • Lake Zurich Middle School South Campus

    1.57 miles

  • Isaac Fox School

    1.59 miles

  • Loomis Elementary/Lake Zurich Middle School-North

    1.96 miles

  • Quentin Road Christian School

    2.01 miles

  • Saint Matthew Lutheran School

    2.18 miles

  • North Barrington Elementary School

    2.68 miles

  • The Goddard School of Hawthorn Woods (Lake Zurich)

    2.18 miles

  • KinderCare

    5.41 miles

  • Hoffman Estates KinderCare

    6.13 miles

  • Kindercare

    6.44 miles

  • The Goddard School

    6.74 miles

  • Homey-Home Day Care

    8.33 miles

  • Alta Vista Montessori School

    8.57 miles

  • Advance Preschool

    9.74 miles

  • Riverwoods Montessori School

    9.85 miles

Frequently Asked Questions

How much does Prime Corner Lot Location I Mixed Use Building I TIF cost?

The space currently listed for sale at Prime Corner Lot Location I Mixed Use Building I TIF asks for $779,985.

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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