10 Unit I Lake Zurich, IL

For Sale

898 S Rand Rd, Chicago, IL 60047

This Chicago property for sale is located at 898 S Rand Rd. The current listed sale price for 10 Unit I Lake Zurich, IL is $1,400,000. 10 Unit I Lake Zurich, IL is situated on a lot that is 1.45 acre in size.

Contacts

broker
Paul Proano

Coldwell Banker Realty

Property Details

  • Property Type Multi-Family
  • Property Size 6,259 SF
  • Units 10
  • Lot Size 1.45 Acre
  • # of Floors 1
  • Parking Spaces Avail. 15
  • Year Built 1950
  • Year Renovated 2022
  • Date Updated Aug 27, 2025
Discover a premier multi-family and redevelopment opportunity in the heart of Lake Zurich, offered exclusively by Proano Commercial Group. Located at 898 S Rand Road, this 1.45-acre property features a 6,259-square-foot mixed-use building with 124 feet of frontage along the high-traffic Route 12 corridor, where over 37,000 vehicles pass daily. The existing structure is currently 90% occupied and includes a desirable unit mix of four 1-bedroom/1-bath units, four studio units, one 2-bedroom/1-bath unit, and one office unit, collectively generating $100,800 in annual rental income with upside potential through rent increases or reconfiguration. Zoned B-3 (Regional Shopping District), the site offers exceptional flexibility for investors or developers seeking long-term value and cash flow. Approximately one acre of the land remains undeveloped, creating the opportunity to construct an additional building to maximize density and returns. The zoning allows for a wide range of commercial or mixed-use development options, making this property ideal for continued residential use, retail, or office expansion. Full on-site utilities are in place, further simplifying the development process.
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Highlights

  • 1.45 Acres in Prime Lake Zurich Location Existing 6,259 SF Income-Producing Building 90% Occupancy with Strong Rental Income Zoned B-3 (Regional Shopping District) Redevelopment or Expansion Opportunity Full On-Site Utilities Located in Lake Zurich’s Retail Power Corridor Affluent Demogr...
  • Age: 41-50 Years Old
  • Lot Size: 1-2 Acres
  • Sewer: City
  • Water: City Water

Attachments

Getting around

  • 54/100

    Walk Score ®

  • 36/100

    Transit Score ®

  • 68/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Zip Code 60047
  • Market Chicago

Points of Interest

  • Flossmoor

    2.67 miles

  • 211th Street (Lincoln Highway)

    2.94 miles

  • Homewood

    3.52 miles

  • Calumet

    4.12 miles

  • University Park

    5.68 miles

  • Tinley Park

    8.38 miles

  • Midlothian

    8.47 miles

  • Riverdale

    9.07 miles

  • Blue Island

    9.88 miles

  • BP

    0.48 miles

  • Citgo

    0.83 miles

  • Shell

    0.98 miles

  • Mobil

    1.17 miles

  • Marathon

    1.94 miles

  • Tesla Supercharger

    6.32 miles

  • Hap Bruno Field

    0.33 miles

  • U-Pull-It Salvage Yard

    1.87 miles

  • Matteson Metra Station Lot #2

    3.21 miles

  • Matteson Metra Station Lot #1

    3.33 miles

  • Pace Homewood Park & Ride

    3.40 miles

  • Strip Mall Parking Lot

    4.65 miles

  • Rest Area I-80 (East Bound)

    4.89 miles

  • Southland College Prep Parking Lot

    4.95 miles

  • Rest Area I-80 (West Bound)

    4.98 miles

  • Pace Harvey Park & Ride

    6.64 miles

  • Clarion South Holland

    4.50 miles

  • Best Western Plus South Holland/Chicago Southland

    4.52 miles

  • Econo Lodge

    4.53 miles

  • Travelodge

    4.54 miles

  • Super 8 South Holland

    4.61 miles

  • Motel 6

    4.68 miles

  • Quality Inn & Suites

    4.71 miles

  • Days Inn & Suites by Wyndham Harvey / Chicago Southland

    4.73 miles

  • Quality Inn & Suites Matteson

    4.93 miles

  • Hampton Inn & Suites Chicago Southland-Matteson

    4.97 miles

  • Country Square Foods

    0.46 miles

  • Heights Fresh Market

    1.05 miles

  • ALDI

    1.31 miles

  • Food 4 Less

    1.61 miles

  • Walmart Supercenter

    1.89 miles

  • Jewel-Osco

    2.48 miles

  • Save-A-Lot

    2.55 miles

  • WSI (Warehouse Specialists, LLC)

    3.13 miles

  • Jet Foods

    3.18 miles

  • Ross

    3.42 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Paul Proano

Coldwell Banker Realty

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