For Sale
$2,250,000

105 Main St Lake Zurich, IL 60047

Downtown 1-acre lot, mixed-use potential.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 1-acre parcel presents a unique investment opportunity in the heart of downtown Lake Zurich, Illinois. Located within a Tax Increment Financing (TIF) district, this fee-simple property offers significant potential for mixed-use development, encompassing retail, commercial, and residential uses. The site boasts 262 feet of frontage on Main Street and irregular dimensions (approximately 262x132x77.50x32x170x27x107). The TIF district actively supports redevelopment, aiming to revitalize the downtown area into a vibrant, mixed-use hub. This initiative includes provisions for enhanced parking, streetscaping, landscaping, and improvements to public facilities like parks. The property's strategic location offers convenient access to all utilities and is situated just 180 feet from the lake and promenade, and 650 feet from Breezewald Beach and Sunset Pavilion Beer Garden. An adjacent 1.62-acre village-owned parcel presents a potential opportunity for combination and larger-scale redevelopment. The property's zoning is B-2. Parcel numbers are 14-20-104-001, 14-20-104-002, and 14020-104-005. The asking price is $2,250,000.

Highlights

  • Tax Increment Financing (TIF) district location.
  • Downtown Lake Zurich location.
  • Utilities readily available on-site.
  • 180 feet from Lake Zurich and the Promenade.
  • Adjacent to a 1.62-acre village-owned parcel, offering potential for combined development.
  • 650 feet from Breezewald Beach and Sunset Pavilion Beer Garden.

Property Details for 105 Main St

Property type
Land
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Lake Zurich
County
Lake
State
Illinois
Latitude
42.1955362
Longitude
-88.0952265

FAQs

What type of property is this?
Land - Downtown 1-acre lot, mixed-use potential.
Where is the land located?
The property is located at 105 Main St Lake Zurich, IL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Tax Increment Financing (TIF) district location.; Downtown Lake Zurich location.; Utilities readily available on-site.
How can I contact the broker?
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105 Main St
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