173 W Main St - Commercial/Residential Site with Lake Views 1.67 Acres of Residential Land Offered at $1,620,000 in Lake Zurich, IL 60047

INVESTMENT HIGHLIGHTS

  • Ready for development
  • TIF assistance
  • Lake views

EXECUTIVE SUMMARY

The site is situated across from the picturesque Lake Zurich, renowned for its breathtaking daily sunsets. This presents an exceptional opportunity for the development of a mixed-use project. The property is strategically located within the Main Street Business District, leading directly into the heart of Lake Zurich. TIF assistance is contingent upon the nature and scope of the proposed development.

PROPERTY FACTS

Price $1,620,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Apartment Units - Condo
  • Planned Unit Development
  • Restaurant
Total Lot Size 1.67 AC
Parcel Numbers
Multiple
  • 14-20-105-002
  • 14-20-105-003

1 LOT AVAILABLE

Lot

Price $1,620,000
Price Per AC $967,734.42
Lot Size 1.67 AC

10 parcels that combined provide a development site of 72920 SF located across from a private lake in a TIF district.

DESCRIPTION

Possible additional access from two adjacent streets.

Walk Score®
Very Walkable (70)

ZONING

Zoning Code B-2, Lake Zurich (https://codelibrary.amlegal.com/codes/lakezurichil/latest/lakezurich_il/0-0-0-14299)
  • Listing ID: 34004933

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 173 W Main St, Lake Zurich, IL 60047