755 Rand RdLake Zurich, IL 60047

  • Commercial land
  • 3.93 AC

Property Details for 755 Rand Rd

Lot size
3.93 AC
Property type
Commercial land
APN
14-20-306-009
APU
1420306009

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,294
$197,964
-
$197,964
-
$593,951
-
$593,951

FAQs

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