105 & 83 W Main St - 1 Acre I TIF Zone I Price Improved
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105 & 83 W Main St - 1 Acre I TIF Zone I Price Improved
1 Acre of Commercial Land Offered at £1,775,250 in Lake Zurich, IL 60047
Investment Highlights
- Located in the TIF
- All Utilities To The Site
- Adjacent to 1.62 Acre Village-owned parcel for possible combination and larger redevelopment site.
- Located in Downtown Lake Zurich
- 180 feet from the Lake and the Promenade
- 650 feet from Breezewald Beach and Sunset Pavilion Beer Garden
Executive Summary
Paul Proano Properties has been chosen to exclusively market this 1 acre of land located in Downtown Lake Zurich, IL. The property is in the TIF district. Frontage on Main St is 262 feet and overall dimensions are 262x132x77.50x32x170x27x107.
Info on TIF: The site can be used for new retail, commercial, and residential development, and off-street parking. The TIF is located within the downtown redevelopment area of the Village. The TIF District is also designed to re-establish the downtown as a vibrant, mixed-use area. It will strengthen the economic well-being and quality of life in the downtown by providing resources for redevelopment. Additionally, it provides resources for additional parking, streetscaping and landscaping to create a distinct area and to link its diverse land uses. The TIF also facilitates the improvement and expansion of existing public facilities, such as parks and parking.
Info on TIF: The site can be used for new retail, commercial, and residential development, and off-street parking. The TIF is located within the downtown redevelopment area of the Village. The TIF District is also designed to re-establish the downtown as a vibrant, mixed-use area. It will strengthen the economic well-being and quality of life in the downtown by providing resources for redevelopment. Additionally, it provides resources for additional parking, streetscaping and landscaping to create a distinct area and to link its diverse land uses. The TIF also facilitates the improvement and expansion of existing public facilities, such as parks and parking.
Property Facts
1 Lot Available
Lot 29,30,31
| Price | £1,775,250 | Lot Size | 1.00 AC |
| Price Per AC | £1,775,250 |
| Price | £1,775,250 |
| Price Per AC | £1,775,250 |
| Lot Size | 1.00 AC |
262x132x77.50x32x170x27x107
Description
Property sits on 1 acres and currently has two building on the property. One building has a brick and frame office building and the other is multi unit apartment building. Property offers 262 feet of frontage and goes back about 220 feet. Great redevelopment opportunity.
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £218,282 | |
| Land Assessment | £84,442 | Total Assessment | £302,724 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£84,442
Improvements Assessment
£218,282
Total Assessment
£302,724
zoning
| Zoning Code | B-2 (The B-2 Central Business District is located in the center of the Village. It is intended to serve the entire Lake Zurich suburban community.) |
| B-2 (The B-2 Central Business District is located in the center of the Village. It is intended to serve the entire Lake Zurich suburban community.) |
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Paul Proano -
Coldwell Banker Commercial Realty
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105 & 83 W Main St - 1 Acre I TIF Zone I Price Improved
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