Lake Zurich IL Real Estate & Land for Sale

Large over 7 acre parcel perfect for residential development, located in unincorporated Lake Zurich surrounded by Kildeer. Zoning E for Residential development.

Popular Forest Lake Subdivision*7,980 Square Footage Buildable Portion of Lot*Large Home Sight*Great Neighborhood with 42 acre lake, 3 Beaches, Beach Marina, Neighborhood Club House & Baseball Park*A Vacation Spot With Year Round Living*The lot is irregularly shaped but the buildable site is 60x133.6*There is another 20' x133' wide piece of the property that is physically not attached to this main lot that also goes with the Lot*And a small piece that runs in behind some houses*There is a house between the buildable lot and the 20'x133' Lot.

Prime real estate potential development opportunity on the corner of Main St and Old Rand Rd in the heart of downtown Lake Zurich, IL. Located at two main crossroads of the rapidly redeveloping Main Street Commercial District, this zoned B-2 and .5 (21,780SF) of an acre redevelopment opportunity Is located in the TIF district where a developer can work hand in hand with the village of Lake Zurich to develop some type of mixed-use property or residential living development. The site currently has three buildings three buildings located on the property, two retail structures and one house. The property offers 59' feet of frontage on Main Street and 260' feet on old Rand Road with 17,000 vehicles per day passing through the intersection while located at a four-way intersection. The property has four Pin#s:1420102010,1420102008,1420102004,1420201003 addresses 17 E. Main St, 44 S. Old Rand Rd, 36 S. Old Rand Rd & 20 S. Old Rand Rd. A RESOURCE GUIDE TO TAX INCREMENT FINANCING (TIF) What Is TIF? Tax Increment Financing (TIF) is a program that allocates future increases in property taxes from a designated area, or TIF district, to pay for improvements within that area. In Illinois, the TIF district can remain in place for up to 23 years after its creation. The district can be extended for another 12 years, but an extension requires an act of the state legislature. Other states' laws regarding TIF vary, but the key principles are similar across the country.

Big Price Reduction! These Lots are Side by Side*Lot 33 & Lot 34*Each Lot is Being Sold Separately for $39,900*45x145x42.50x144 is Lot #34*45x144x42.5x141.73 Is Lot#33*Currently There is Only One Tax Pin Number*Attorney Said Two New Pin Numbers Will be Given by the County upon Closings*The Tax is Approximate 1/2 of the Amount for the one Pin Number*These Lots are Located in the Forest Lake Subdivision which has a Non-motorized 42 acre Lake that is Just Beautiful*Walking Distance to the Lake*There are 3 Parks on the Lake*This is in Unincorporated Lake County so all Questions Should be Directed to Planning, Building & Development of Lake County in Liberytville, IL*Buyers Need to do their Due Diligence*Soil Boring, Etc*Great Neighborhood with New Construction Homes & Existing Homes

Big Price Reduction! These Lots are Side by Side*Lot 33 & Lot 34*Each Lot is Being Sold Separately for $39,900*45x145x42.50x144 is Lot # 34*45x144x42.5x141.73 Is Lot# 33*Currently There is Only One Tax Pin Number*The Tax Amount is approximately 1/2 of the Tax Bill for the one pin number. (Attorney Said Two New Pin Numbers Will be Given by the County upon Closings*These Lots are Located in the Forest Lake Subdivision which has a Non-motorized 42 acre Lake that is Just Beautiful*Walking Distance to the Lake*There are 3 Parks on the Lake*This is in Unincorporated Lake County so all Questions Should be Directed to Planning, Building & Development of Lake County in Liberytville, IL*Buyers Need to do their Due Diligence*Soil Boring, Etc*Great Neighborhood with New Construction Homes & Existing Homes

BUSY HARD CORNER WITH TRAFFIC SIGNAL. LOCATION ZONED B1. +/- 1.64 ACRES. OVER 33,000 VPD. 350 FT FRONTAGE ALONG ROUTE 12 AND 325 FT ALONG MILLER RD. SEWER AND WATER AT SITE. LAKE COUNTY. VILLAGE OF LAKE ZURICH.

Beautiful piece of property in Lake Zurich, 7.80 acre parcel currently zone as a future single family home or multi-family home development. The subject property can accommodate 9 one half acre lots with established PIN numbers. Water to site and other utilities are nearby.