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500 Ela Road, Lake Zurich, IL 60047
$470,000
500 Ela Road, Lake Zurich, IL 60047View this property at 500 Ela Road, Lake Zurich, IL 60047
500 Ela RoadLake ZurichIL60047
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Property Description
exclusively chosen to market this two parcel land property separated by a side street. The main parcel, which includes the restaurant building, is positioned at the southeast corner of the signalized intersection of Main Street (IL-22) and Ela Road. The parking parcel is positioned at the Southeast corner of Ela Road and Maple Avenue. The total combined site are is 32,203 square feet (0.74 acre). Both parcels include paved parking lots with a total of 62 parking spaces(23.25 spaces per 1,000 square feet of building area). Site improvements include a dining patio, signage, Municipal water, sanitary sewer, electricity gas and telephone service are all available. Current Zoning is B-1 ( Local and Community Business District by the Village of Lake Zurich). The Restaurant building built in 1981 is a one and part two-story full service bar/restaurant building of masonry and frame construction. It has a ground floor area of 2,175 square feet and second floor being 480 square feet totaling a gross building area of 2,655 square feet. There is also a full usable basement which stores two walk in coolers and can be used for dry storage. Zoning permitted uses in the district include most retail, commercial service, restaurants, banks, medical and professional offices and fitness facilities. Uses requiring a special use permit include live entertainment accessory to a restaurant, drive-through facilities, auto repair shops, gas stations, child day care facilities, hotels, veterinary offices, pet grooming services and contractors offices/yards.
Full Property Details
Full Property Details for 500 Ela Rd
General
- Sold For: $470,000
- Taxes: $14,321 (2021)
- Status: Closed
- Type: Commercial Service
- MLS ID: 11693308
- Added to Site: 518 day(s) ago
Interior
- Interior Features: Private Restroom(s), Skylight(s), Basement, Mezzanine
- Flooring: Tile, Wood
Additional Information
- Security/Safety: Alarm on Site, Fire Extinguisher(s), Carbon Monoxide Detector(s)
Parking
- Total Spaces: 62
- Parking Features: 51 to 100 Spaces
Location
- Area: Hawthorn Woods / Lake Zurich / Kildeer / Long Grove
- County: Lake
- Driving Directions: Southeast Corner of Main (Rt. 22) & Ela
- Location Details: Corner
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Utilities
- Onsite: Electricity to Site, Gas to Site, Sanitary Sewer, Water to Site, Commuinty Well
Structural Information
- Construction: Brick, Other
- Exterior Const.: Brick
- Foundation: Concrete Perimeter, Other
- Roof: Shake
- Ceiling Height: 16
- Sub-Flooring: Tile, Wood
- Stories/Levels: 2
- Square Feet: 2,655
- Current Bldg. Use: Commercial
- Year Built: 1981
Lot Features
- Lot Size (Sq. Ft.): 32,203
- Lot Dimensions: 134 x 264 + 66 x 132
- Frontage: City Street, County Road, Public Road, Signal Intersection
- Zoning: COMMR
Financial Considerations
- Lease Price: $20
- For Sale/Rent/Lease: For Sale or Rent
- Security Deposit: Alarm On Site, Fire Extinguisher/s, Carbon Monoxide Detector(s)
- Assessment Year: 1981
- Tax Amount: $14,321
- Tax Year: 2021
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Documents Avail.: Backup Package
- Property ID: 14203010020000
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Schools
Schools serving 500 Ela Rd
School District:Lake Zurich Community Unit School District 95
Rating | Name | Grades | Distance |
---|---|---|---|
100 Church St, Lake Zurich, IL 60047 | PK-5 | 1 mi | |
95 Hubbard Ln, Hawthorn Wds, IL 60047 | 6-8 | 2.5 mi | |
300 Church St, Lake Zurich, IL 60047 | 9-12 | 1.3 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 500 Ela Rd
Date
Details
Price
Change
Source
6/30/2023
Sold
$470,000
-15.92%
MLS
6/01/2023
Price Reduced
$559,000
-6.68%
MLS
5/08/2023
Price Reduced
$599,000
-14.31%
MLS
5/01/2023
Price Reduced
$699,000
-3.59%
MLS
3/20/2023
Price Reduced
$725,000
-3.33%
MLS
12/31/2022
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
500 Ela Road, Lake Zurich, IL 60047 (MLS# 11693308) is a Commercial Service property that was sold at $470,000 on June 30, 2023. This property was listed by Paul Proano from our McMullen/O'Hare Office.Want to learn more about 500 Ela Road? Do you have questions about finding other Commercial Service 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.