The median home value in Lake Zurich, IL is $494,500.
This is
higher than
the county median home value of $300,000.
The national median home value is $308,980.
The average price of homes sold in Lake Zurich, IL is $494,500.
Approximately 84% of Lake Zurich homes are owned,
compared to 12% rented, while
4% are vacant.
Lake Zurich real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Lake Zurich real estate agent to arrange a tour today! Learn more about Lake Zurich.
This is a vacant lot located between Old McHenry Road and Gilmar, next to the tree cutting service. It is approx 6.7 acres of land. There is more information in the additinal info. Survey will be provided soon
has been chosen to exclusively market this 1 acre of land located in Downtown Lake Zurich, IL. The property is in the TIF district. Frontage on Main St is 262 feet and overall dimensions are 262x132x77.50x32x170x27x107. Info on TIF: The site can be used for new retail, commercial, and residential development, and off-street parking. The TIF is located within the downtown redevelopment area of the Village. The TIF District is also designed to re-establish the downtown as a vibrant, mixed-use area. It will strengthen the economic well-being and quality of life in the downtown by providing resources for redevelopment. Additionally, it provides resources for additional parking, streetscaping and landscaping to create a distinct area and to link its diverse land uses. The TIF also facilitates the improvement and expansion of existing public facilities, such as parks and parking.
Seller financing available! 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 (which can be sold separately) 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.
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.
Listings courtesy of MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 4/18/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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