This exceptional 23-acre commercial land parcel presents a unique investment opportunity in the thriving Lake Zurich, Illinois market. Located at 755 S. Rand Road, the property boasts significant frontage on a major thoroughfare, ensuring high visibility and accessibility for any commercial development. The B-3 zoning allows for a wide range of commercial uses, providing flexibility for potential buyers. Situated in Lake County, Illinois, with a zip code of 60047, this expansive site offers unparalleled potential for businesses seeking a prominent location. The property's substantial size provides ample space for large-scale projects, while its strategic location ensures convenient access to transportation networks and a robust local economy. Detailed site plans and zoning information are readily available upon request. This is an exceptional opportunity to acquire a significant land holding in a prime commercial location. The current owner is Regal Cinema. Serious inquiries only.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$35,380,712
Hospitality
$32,408,540
Educational
$26,963,526
Medical
$27,890,842
Retail
$41,943,260
Location Insight
City
Lake Zurich
County
Lake
State
Illinois
Latitude
42.1837
Longitude
-88.0975
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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