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Lake Zurich, IL Multifamily Home for Sale

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    $1,400,000

    • 6,259 Sq Ft

    898 S Rand Rd, Lake Zurich, IL 60047

    Discover a premier multi-family and redevelopment opportunity in the heart of Lake Zurich. 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 almost fully occupied and includes a unit mix of four

    Paul Proano Coldwell Banker Commercial NRT

    898 S Rand Rd, Lake Zurich, IL 60047

Why Live in Lake Zurich

Lake Zurich, IL is a Chicago suburb known for its waterfront living and outdoor activities. Residents enjoy access to three lakes—Lake Zurich, Echo, and Forest Lakes—ideal for kayaking, boating, and sunbathing at Paulus Park and Breezewald Park. The area maintains a resort-like atmosphere with amenities such as beach clubs and the members-only Lake Zurich Golf Club. Homes range from traditional Ranch styles and New Traditionals to Colonial Revivals and multi-family townhouses, with many built between the 1970s and 1990s. The community hosts annual events like the Rock The Block festival, featuring live music, food trucks, and craft beers. Shopping options include Village Square with stores like T.J. Maxx and Petco, and the Lake Zurich Farmers Market for local produce. Dining highlights include Walker Bros. Original Pancake House and Beelow's Steakhouse. Public school students benefit from highly rated schools like May Whitney Elementary, Lake Zurich Middle School North, and Lake Zurich High School. Healthcare needs are met by Advocate Good Shepherd Hospital, located 4 miles away. Commuting is facilitated by U.S. Route 12 and West Main Street, with the Barrington Metra Station 5 miles away and Chicago O'Hare International Airport 20 miles from Lake Zurich.

Home Trends in Lake Zurich, IL

Housing Trends

Median Sale Price
$475,000
Median Single Family Sale Price
$495,000
Median Townhouse Sale Price
$380,000
Median 2 Bedroom Sale Price
$314,900
Average Price Per Sq Ft
$243
Number of Homes for Sale
22
Last 12 months Home Sales
235
Months of Supply
1.10
Median List Price
$485,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%
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