Properties For Sale

• .90 acres Lot
• 17,600 SF Building
• Built in 1975
• 65%- 6,131 SF vacancy
• 14’ Clear Height
• 200a / 3-phase service
• 35 parking spaces

• 2,405 SF bar on the 1st floor.
• Two 2nd floor apartments with one apartment generating $9,600 annually.*
• Two kitchens with two hoods, two freezers, refrigerator and sandwich table.
• 5 video gambling machines netting $56,737.00 (2018).
• Bar grosses $164,555.00 (2018).
• Village allows concerts to be held at the park behind the building.
• Apartments share a common laundry room.
• Basement with walk-in cooler. Basement square footage is not included in the 5,150 SF.
• Coin-operated pool table, darts, video bowling, and video golf that generate income.
• Stage for karaoke and live music.
• Façade beautification grant being offered by the municipality.
• All plumbing, electrical, and fire protection are up to code.
• New train station being built just across the street with unlimited overflow parking for patrons.
• *The 2nd apartment is currently occupied by onsite maintenance who maintains the property in exchange for free rent. The tenant is currently on a month-to-month lease.

PSI is pleased to present 3 S. Old Rand Rd. in Lake Zurich, IL. The site currently consists of a 6,685 SF mixed-use building that sits on 8,149 SF of land. A single-tenant retail location is on the 1st floor, with apartments on the 2nd floor.

This site, located on the corner of S. Old Rand Rd. and Main St. is the keystone to a potential assemblage of 1.37 acres for development between multiple parcels, owned by 2 additional parties. These parcels can be developed into a number of property types; including high-end mixed-use, retail, and condominiums. The newly opened Somerset By The Lake apartments located across the street from the site are an indicator of the continued growth of downtown Lake Zurich, and the Village’s longstanding reputation as one of the best Northwest Suburbs of Chicagoland to live and conduct business in.

• .57 acre lot
• 7,200 SF building
• Built in 1960
• Brick/block masonry construction
• Retail units equipped with dedicated split HVAC units; office units share two split HVAC units
• 20 parking spaces available, 2.78/1,000 SF
• Retail is located on the first floor, office is on the second floor.
• Common area kitchenette and conference room located on the second floor.
• New energy-efficient Conklin roof installed in 2017
• New shingle roofs around parapet walls

• 2,510 SF available for value-add
• Newer roof
• High traffic area with 33,200+ vehicles per day
• $106,000+ median household income within a 3-mile radius
• 125 parking spaces available
• 9 minute drive to Vernon Hills Metra Station