1.45 Acre Land For Sale | Lake Zurich IL I Retail Corridor

Highlights:

• Great opportunity for redevelopment
• 1.45 acres
• Zoned B-3
• Prime location in Lake Zurich
• High visibility
• Facing Rt 12
• With in the Lake Zurich retail corridor

Description:

Introducing an unparalleled opportunity for visionary developers: Paul Proano Properties proudly presents an exclusive prime land development prospect in the heart of Lake Zurich. Nestled on 1.45 acres, this site features a 6,259 square foot mixed-use 10-unit building currently generating $100,800 annually, poised for increased rental yields. The unit mix is (4) 1Bd/1Bath units, (4) studio units, (1) 2Bd/1Bath unit and (1) office unit. Being zoned B-3 for regional shopping, the location offers exceptional redevelopment potential.

Boasting 290 feet of frontage and comprehensive on-site utilities, this property ensures streamlined development. Lake Zurich, a vibrant community of 19,624 residents, provides an ideal backdrop for capitalizing on a prominent, high-traffic locale. Strategically positioned off Route 12 with 37,274 vehicles passing daily, it neighbors major retailers such as Walmart, Costco, and Home Depot. Adjacent to a bustling retail strip featuring Lake Zurich DMV, Binny's, Tropical Smoothie, and Duck Donuts, and with ongoing commercial developments nearby, this site promises to be a cornerstone of the area's growth.

Strategically located off bustling Route 12, which boasts a daily traffic count of 37,274 vehicles, this property is adjacent to major retailers such as Walmart, Costco, and Home Depot. It is also situated across from a busy retail strip center, including Lake Zurich DMV, Binny's, Tropical Smoothie, and Duck Donuts, with commercial developments in progress across Route 12 and to the west.