For Sale
$795,000

715 Ela Rd Lake Zurich, IL 60047

Three-story office building, 14,130 SF, great value.

Overview

Added:
Dec 11, 2024
Days on market:
127
This three-story, 14,130 square foot Class B office building at 715 Ela Road, Lake Zurich, IL 60047, presents a compelling value-add investment opportunity. Situated on a 1.44-acre lot in Lake County, this multi-tenant property features a mix of office and medical office suites, including move-in ready spaces ranging from 844 to 1,780 square feet. An additional 1,852 square foot open space allows for build-to-suit options. Currently, a dental practice occupies 2,892 square feet and can either remain under a long-term lease or relocate to accommodate a new owner-occupant. The building includes an elevator and ample parking. The asking price is $795,000, translating to $56.26 per square foot, making this a highly attractive investment for owner-occupants or those seeking a value-add project. The property is offered with a modified lease type and no tenant credit rating is available. This presents a chance to acquire a well-located, multi-tenant office building in a desirable market.

Highlights

  • Exceptional value-add opportunity at $56.26 per square foot.
  • Owner-occupant ideal.

Property Details for 715 Ela Rd

Property type
Office properties, Land
Square Feet
14,130 SF
Class
B
Buildings
1
Stories
3
Lot Size (sq. ft)
62,726 SF

Location Insight

City
Lake Zurich
County
Lake
State
Illinois
Latitude
42.1857929
Longitude
-88.1020962
715 Ela Rd, Lake Zurich, Illinois

FAQs

What type of property is this?
Office property - Three-story office building, 14,130 SF, great value.
Where is the office property located?
The property is located at 715 Ela Rd Lake Zurich, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Exceptional value-add opportunity at $56.26 per square foot.; Owner-occupant ideal.;
How can I contact the broker?
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715 Ela Rd
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