898 S Rand Road, Lake Zurich, IL 60047

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898 S Rand Road,Lake Zurich, IL 60047
$1,400,000
  • 1.45 Acres
  • Lots / Land
  • Active
Listed by: paul proano
Office: coldwell banker commercial nrt
MLS#:12114223
Source:MLSNI

Price summary

  • Price:$1,400,000

About this home

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,

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Home facts

  • Listing ID #:12114223
  • Added:484 day(s) ago
  • Updated:November 20, 2025 at 12:28 PM

Structure and exterior

  • Lot area:1.45 Acres

Finances and disclosures

  • Price:$1,400,000
  • Tax amount:$15,946 (2022)
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