701 E Lake St

Highlights:

• 32,670 SF Site
• Zoned I-2 General Industrial PUD
• Utilities on site
• Signalized intersection
• Large billboard with $18,000/year income and increases $1,500 every 5 years
• Curb cut on Lake Street
• Approximately 35 miles from downtown Chicago
• Just 6 minutes to the I-390 interchange at Lake Street to O’Hare International Airport
• Less than a mile from the Hanover Park Metra Station
• Ideal location for retail, gas, or QSR
• Traffic Counts: 36,900 vehicles per day on Lake Street
• PIN Number: 06-35-400-005
• 2023 Taxes: $ $4,242.37

Description:

Introducing a prime development opportunity in the heart of the Northwest Suburbs! Bring your industrial project to this shovel-ready site with an existing billboard generating $18,000 in rental income annually. This site is currently Zoned I-2. The high visibility, existing curb cut, and daily traffic count of 36,900 Vehicles per day offer a lucrative prospect for a change in zoning to facilitate a retail development or quick service restaurant. This site presents a compelling space for warehouse, manufacturing, distribution, or retail operations. Bring your development to this exquisite site.

Located in Streamwood, Illinois, in suburban Cook County, 701 E Lake St offers a prime location. 36,900 Vehicles per day pass this exceptional site on a major retail arterial, currently zoned I-2 Industrial. Situated within the vibrant Chicago metropolitan area, the location provides easy access to major transportation arteries, including major highways and O'Hare International Airport. The diverse economy of Suburban Chicago boasts a strong industrial base, making it an ideal location for businesses seeking to tap into a robust workforce and strategic distribution networks. The nearby attractions such as the NOW Arena and Spring Valley Nature Center offer recreational opportunities for employees and visitors to the area, enhancing the overall appeal of the location for industrial and very promising retail, land use purposes.

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