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  • $470,000

    500 Ela Rd, Lake Zurich, IL 60047

    --beds
    --baths
    0.74Acres
    Unimproved Land
    Built in ----
    0.74 Acres Lot
    $-- Zestimate®
    $--/sqft
    $2,076 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,076/mo

    Zestimate® history
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    What's special

    This two parcel land property is 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.

    Zillow last checked: 7 hours ago

    Listing updated: July 01, 2023 at 06:23am

    Listing courtesy of:

    Paul Proano 312-860-4043,

    Coldwell Banker Commercial NRT

    Bought with:

    Tony Zaskowski, CCIM,CIPS,GREEN

    Keller Williams ONEChicago

    Tony Zaskowski, CCIM,CIPS,GREEN

    Keller Williams ONEChicago

    Source: MRED as distributed by MLS GRID,MLS#: 11693975MLS Logo

    Facts & features

    Interior

    Heating
    • Natural Gas, Forced Air
    Cooling
    • Central Air
    Appliances
    • Laundry: None
    Features
    • Basement: Cellar

    Property

    Parking
    • Parking features: Asphalt
    Features
    • Frontage length: 266
    Lot
    • Size: 0.74 Acres
    • Dimensions: 134 X 264 + 66 X 132
    Details
    • Additional parcels included: 14203010020000,14203020020000,14203010230000,14203010220000
    • Parcel number: 14203020010000
    • Zoning: COMMR
    • Special conditions: None

    Utilities & green energy

    • Sewer: Storm Sewer
    • Water: Shared Well
    • Utilities for property: Natural Gas Available, Sewer Connected

    Community & neighborhood

    Location
    • Region: Lake Zurich

    Other

    Other facts
    • Listing terms: Cash
    • Ownership: Fee Simple
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    6/30/2023Sold$470,000-15.9%
    Source: MRED as distributed by MLS GRID #11693975 Report a problem
    6/23/2023Contingent$559,000
    Source: MRED as distributed by MLS GRID #11693975 Report a problem
    6/21/2023Listed for sale$559,000
    Source: MRED as distributed by MLS GRID #11693975 Report a problem
    6/5/2023Contingent$559,000
    Source: MRED as distributed by MLS GRID #11693975 Report a problem
    6/1/2023Price change$559,000-6.7%
    Source: MRED as distributed by MLS GRID #11693975 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 60047

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 95

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.