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199 S Rand Road, Lake Zurich, IL 60047
$1,600,000
199 S Rand Road, Lake Zurich, IL 60047View this property at 199 S Rand Road, Lake Zurich, IL 60047
199 S Rand RoadLake ZurichIL60047
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Property Description
Property is situated in very busy business district in Lake Zurich. Long term tenants with successful businesses! Check the redevelopment plans in the surrounding area. 2 stores are vacant, after tenants move in net income will be $205,700. Good income property.
Full Property Details
Full Property Details for 199 S Rand Rd
General
- Sold For: $1,600,000
- Taxes: $55,998 (2021)
- Status: Closed
- Type: Retail
- MLS ID: 11674952
- Added to Site: 532 day(s) ago
Additional Information
- Security/Safety: Alarm Monitored, Alarm on Site, Fire Extinguisher(s), Sprinklers (Wet)
Parking
- Parking Features: 51 to 100 Spaces
Location
- Area: Hawthorn Woods / Lake Zurich / Kildeer / Long Grove
- County: Lake
- Driving Directions: 1/4Mi. North from Rand Rd. and Route 22(Main St), Make a left at the first light to the Property.
- Location Details: Central Business District, Park Adjacent
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Concrete
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Ceiling Height: 9
- Stories/Levels: 1
- Square Feet: 15,000
- Current Bldg. Use: Commercial
- Year Built: 1988
Unit Information
- # Tenants: 7
Lot Features
- Lot Size (Sq. Ft.): 74,947
- Lot Dimensions: 131 x 158 x 38 x 321 x 170 x 479
- Frontage: City Street, Signal Intersection
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Alarm Monitored, Alarm On Site, Fire Extinguisher/s, Sprinklers-Wet
- Assessment Year: 1988
- Tax Amount: $55,998
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Scavenger, Sewer, Varies by Tenant
Disclosures and Reports
- Property ID: 14191000160000
Listed by Partners 4U Realty Inc.
Sold by Homesmart Connect LLC
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Schools
Schools serving 199 S Rand Rd
School District:Lake Zurich Community Unit School District 95
Rating | Name | Grades | Distance |
---|---|---|---|
50 Miller Rd, Lake Zurich, IL 60047 | K-5 | 1.4 mi | |
95 Hubbard Ln, Hawthorn Wds, IL 60047 | 6-8 | 2.3 mi | |
300 Church St, Lake Zurich, IL 60047 | 9-12 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 199 S Rand Rd
Date
Details
Price
Change
Source
11/29/2023
Sold
$1,600,000
-19.6%
MLS
11/17/2022
Listed
$1,990,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
199 S Rand Road, Lake Zurich, IL 60047 (MLS# 11674952) is a Retail property that was sold at $1,600,000 on November 29, 2023. Want to learn more about 199 S Rand Road? Do you have questions about finding other Retail real estate for sale in Lake Zurich? You can browse all Lake Zurich real estate or contact a Coldwell Banker agent to request more information.