898 S Rand Road Lake Zurich, IL 60047
Listing Courtesy of: MLS LogoMidwest Real Estate Data / Coldwell Banker Realty / Paul Proano

  898 S Rand Road Lake Zurich, IL 60047

Active (396 Days)
$1,400,000
1.45
ACRES
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Description

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, Binny's, Tropical Smoothie, and Duck Donuts, and with ongoing commercial developments nearby, this site promises to be a cornerstone of the area's growth.

MLS #:
12114223
Taxes
$15,946(2022)
Lot Size
1.45 acres
Type
Land
School District
95
County
Lake County

Listed By

Paul Proano, Coldwell Banker Realty
Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked Aug 21 2025 at 11:37 AM GMT+0000
Bathroom Details
Utility Information
  • Utilities: Water Source: Municipal Water, Utility: Electricity Available, Utility: Natural Gas Available, Utility: Sewer Connected, Utility: Water Available
Parking
  • Asphalt
Location
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Aug 11, 2025
Price Changed
$1,400,000
4%
50,000
Mar 12, 2025
Price Changed
$1,350,000
-10%
-150,000
Jul 23, 2024
Original Price
$1,500,000
-
-
Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.

Contact Me

Kelly Bronkema

C. (574) 215-2575

O. (269) 469-3950 

kelly.brokema@cbrealty.com

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