IL > Lake Zurich
Lake Zurich, IL 60047,3 S Old Rand RD
Lake Zurich, IL 60047,3 S Old Rand RD
Lake Zurich, IL 60047,3 S Old Rand RD
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Jacqueline Knight

Jacqueline Knight

Real Broker LLC

+1(608) 440-1740
$779,985
Est. payment /mo
6,685 SqFt
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UPDATED:

11/03/2024 07:05 PM

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 6,685 sqft

Price per Sqft $116

MLS Listing ID 12006867

Year Built 1967

Annual Tax Amount $14,423

Tax Year 2022

Lot Dimensions .25

Property Description

ATTENTION ALL INVESTORS OR SMALL BUSINESS OWNERS! Welcome to 3 S Old Rand Rd, a lucrative mixed-use development opportunity perfectly suited for investors and small business owners looking to make their mark in Downtown Lake Zurich, IL. With the current B-2 zoning this property offers opportunities whether you envision a cozy cafe, boutique retail shop, or professional office space, the possibilities are endless. Conveniently located in a thriving community, this property enjoys proximity to various amenities and attractions. The first floor offers 4,149 SF retail or office space which is currently a retail music store on a month to month lease and could vacate within 60 days or sign a short term lease. The building offers a 840 SF basement currently being used as storage for the first floor retail space. Upstairs, discover an additional approximately 1,200 rentable square feet of apartment living divided into 2-studio apartments and 2-(1)one-bedroom/(1)one bathroom apartments. Enhanced by a beautiful deck upstairs, providing versatile outdoor space ideal for various businesses to utilize and enhance customer experience. Currently only two out of the four units are operating as Airbnb units, generating steady additional income with potential for more. Investors can also take advantage of this strong rental market and generate steady income by renting the four apartment units on the second floor.

Location

State IL

County Lake

Area Hawthorn Woods / Lake Zurich / Kildeer / Long Grove

Zoning RTAIL

Interior

Cooling Central Air

Flooring Carpet

Fireplace N

Exterior

Utilities Available Electric to Site, Gas to Site, Water-Municipal, Water to Site

Building

Dwelling Type Retail/Stores

Level or Stories 2

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Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Paul Proano • Coldwell Banker Commercial NRT

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