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20417858
20417859

701 E Lake St, Streamwood, IL 60107

AL
IL IL 471015537, CO CO IA.100086731
SVN | Chicago Commercial
DC
IL 471016180
SVN | Chicago Commercial
Listed by SVN | Chicago Commercial
$850,000
595 days on market
Updated 32 days ago

Prime Development Opportunity in the Northwest Suburbs

Details
APN 06354000050000
Property Type Industrial, Land (+1)
Sub Type Commercial Land, Industrial Land (+1)
Square Footage 32,670
Tenancy Vacant
Broker Co-Op Yes
Lot Size (SqFt) 32,670

Retail & Industrial Land Site | 32,670 SF

Marketing description

Introducing a prime development opportunity in the heart of the Northwest Suburbs! Bring your industrial project to this shovel-ready site with an existing billboard generating $18,000 in rental income annually. This site is currently Zoned I-2. The high visibility, existing curb cut, and daily traffic count of 36,900 Vehicles per day offer a lucrative prospect for a change in zoning to facilitate a retail development or quick service restaurant. This site presents a compelling space for warehouse, manufacturing, distribution, or retail operations. Bring your development to this exquisite site.

Located in Streamwood, Illinois, in suburban Cook County, 701 E Lake St offers a prime location. 36,900 Vehicles per day pass this exceptional site on a major retail arterial, currently zoned I-2 Industrial. Situated within the vibrant Chicago metropolitan area, the location provides easy access to major transportation arteries, including major highways and O'Hare International Airport. The diverse economy of Suburban Chicago boasts a strong industrial base, making it an ideal location for businesses seeking to tap into a robust workforce and strategic distribution networks. The nearby attractions such as the NOW Arena and Spring Valley Nature Center offer recreational opportunities for employees and visitors to the area, enhancing the overall appeal of the location for industrial and very promising retail, land use purposes.

Investment highlights

  • 32,670 SF Site

  • Zoned I-2 General Industrial PUD

  • Utilities on site

  • Signalized intersection

  • Large billboard with $18,000/year income and increases $1,500 every 5 years

  • Curb cut on Lake Street

  • Approximately 35 miles from downtown Chicago

  • Just 6 minutes to the I-390 interchange at Lake Street to O’Hare International Airport

  • Less than a mile from the Hanover Park Metra Station

  • Ideal location for retail, gas, or QSR

  • Traffic Counts: 36,900 vehicles per day on Lake Street

  • PIN Number: 06-35-400-005

  • 2023 Taxes: $ $4,242.37

Listing Contacts

AL
IL IL 471015537, CO CO IA.100086731
SVN | Chicago Commercial
DC
IL 471016180
SVN | Chicago Commercial
Listed by SVN | Chicago Commercial

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Additional Information

Name
Albert Lindeman
License
IL 471015537
Brokerage
SVN | Chicago Commercial
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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