Exceptional opportunity for developers seeking a prime location for a mix-use development, strategically located in Lake Zurich, this pre-approved site will be a hub of activity and commerce. A total of approximately 17.25 acres, the blend of residential and commercial spaces will cater to the diverse needs of the community. The rear is designated for the construction of 56 luxury townhomes, providing an attractive housing option in a thriving locale. Positioned along Route 22, this property is a prime frontage for commercial enterprises. With a gas station on the corner and four retail properties lining the thoroughfare, businesses will benefit from high visibility and steady traffic flow. Directly across from Mariano's food store, it is close to essential amenities and services. Easy access to shopping, dining, and recreational opportunities. Uniquely positioned to capitalize on the benefits of the beautiful and well-managed Village of Lake Zurich, including access to Chicago's fresh water, and Lake Zurich sewer connections. The highly regarded Stevenson High School District and excellent elementary and middle schools with the modern, well-equipped library, will create great educational opportunities for the children. The beautiful Lake Zurich offers opportunities for leisure and relaxation, enhancing the overall quality of life. Situated at the bustling intersection of Route 22 and Quentin Rd, this property benefits from high traffic counts, ensuring a steady stream of potential customers for commercial ventures. Don't miss out on this rare chance to shape the future of Lake Zurich. Whether you're envisioning vibrant retail spaces, upscale residences, or a combination of both, this property offers limitless potential. This development concept is pre-approved by Lake Zurich but there are other possibilities including all commercial plans, for example, an Artificial Intelligence Development Center, Data Center, and other uses that will adhere to environmentally friendly developments. Contact us now and explore this prime development opportunity and turn your vision into reality. Additional details and development plans are available upon request.
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Zillow last checked:
Listing updated:
Listed by:
Alexander Dukor312-375-5560,
AMD Real Estate Group, Inc.
Source: MRED as distributed by MLS GRID,MLS#: 11973535
Facts & features
Property
Features
On waterfront: Yes
Frontage length: 1903
Lot
Size: 17.25 Acres
Details
Parcel number: 14221000150000
Zoning: SINGL
Special conditions: None
Utilities & green energy
Utilities for property: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Community & HOA
Location
Region: Lake Zurich
Financial & listing details
Tax assessed value: $540,984
Annual tax amount: $16,248
Date on market: 2/4/2024
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$2,757/mo
Price history
Date
Event
Price
3/24/2026
Price change
$7,599,000+2.1%
Source: MRED as distributed by MLS GRID #11973535Report a problem
2/5/2025
Price change
$7,444,000-0.1%
Source: MRED as distributed by MLS GRID #11973535Report a problem
12/4/2024
Price change
$7,449,000-0.1%
Source: MRED as distributed by MLS GRID #11973535Report a problem
10/14/2024
Price change
$7,459,000-0.5%
Source: MRED as distributed by MLS GRID #11973535Report a problem
2/4/2024
Listed for sale
$7,493,000
Source: MRED as distributed by MLS GRID #11973535Report a problem
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
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.