701 E Lake St, Streamwood, IL for sale

Investment Overview

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.

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