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.
— the listing agent’s description
The home
17.25-acre lot
Land
What it’ll cost
$16,248 taxes / yr
No HOA
814 days on dwello
Estimated monthly payment
$43,974/mo
Principal & interest$40,404
Property taxes$1,354
Homeowners insurance$2,216
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