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3 S Old Rand Rd
Lake Zurich, IL 60047

Price Upon Request

Storefront Retail Residential For Sale  •  6,685 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 6,685 SF
  • Lot Size 0.18 AC
  • Building Class C
  • Year Built 1967
  • Tenancy Multiple
  • Zoning B-2
0 Transit Score
71 Walk Score

Highlights

Streamlined permit processing with the Lake Zurich municipality facilitates smooth development processes
Property designation within TIF district #2 provides potential incentives for redevelopment initiatives, leveraging tax increment financing
Prime for redevelopment, with adjacent new constructions signaling area growth and potential opportunities
Adjacency to the bustling Main Street Commercial District, a hub of rapid development
Proximity to a signalized four-way intersection simplifies access to the property
Strategic location near the highly lucrative Route 12/Rand Road commercial corridor promises significant business opportunities

Financial Summary (Proforma)

Net Operating Income: $61,317 USD (2025)
Total Expenses: $40,674 USD

Amenities

  • Corner Lot
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Roof Terrace
  • Storage Space
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Barrington Station (Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 9 min - 5.2 mi
Palatine Station (Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 13 min - 7.3 mi
AirportDriveWalkDistance
Chicago O'Hare International 36 min - 24.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes