Lake Zurich, IL 60047,500 Ela RD
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Lake Zurich, IL 60047,500 Ela RD
Lake Zurich, IL 60047,500 Ela RD
Lake Zurich, IL 60047,500 Ela RD
Lake Zurich, IL 60047,500 Ela RD

$470,000

Est. payment /mo

$559,000

15.9%
Est.Price: ?

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500 Ela RD Lake Zurich, IL 60047

0.74 Acres Lot

SOLD DATE : 06/30/2023

Key Details

Sold Price $470,000

Property Type Vacant Land

Sub Type Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11693975

Sold Date 06/30/23

Annual Tax Amount $14,321

Tax Year 2021

Lot Size 0.740 Acres

Lot Dimensions 134 X 264 + 66 X 132

Property Description

This two parcel land property is separated by a side street. The main parcel, which includes the restaurant building, is positioned at the southeast corner of the signalized intersection of Main Street (IL-22) and Ela Road. The parking parcel is positioned at the Southeast corner of Ela Road and Maple Avenue. The total combined site are is 32,203 square feet (0.74 acre). Both parcels include paved parking lots with a total of 62 parking spaces(23.25 spaces per 1,000 square feet of building area). Site improvements include a dining patio, signage, Municipal water, sanitary sewer, electricity gas and telephone service are all available. Current Zoning is B-1 ( Local and Community Business District by the Village of Lake Zurich). The Restaurant building built in 1981 is a one and part two-story full service bar/restaurant building of masonry and frame construction. It has a ground floor area of 2,175 square feet and second floor being 480 square feet totaling a gross building area of 2,655 square feet. There is also a full usable basement which stores two walk in coolers and can be used for dry storage. Zoning permitted uses in the district include most retail, commercial service, restaurants, banks, medical and professional offices and fitness facilities. Uses requiring a special use permit include live entertainment accessory to a restaurant, drive-through facilities, auto repair shops, gas stations, child day care facilities, hotels, veterinary offices, pet grooming services and contractors offices/yards.

Location

State IL

County Lake

Area Hawthorn Woods / Lake Zurich / Kildeer / Long Grove

Zoning COMMR

Interior

Heating Natural Gas, Forced Air

Cooling Central Air

Fireplace N

Laundry None

Exterior

Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Sewer-Storm Available, Well-Community, Well-Shared

Schools

School District 95 , 95, 95

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Paul Proano • Coldwell Banker Commercial NRT
Bought with Anthony Zaskowski • Keller Williams ONEChicago

Karen Arenson

Advisor | License ID: 471.000309

+1(773) 501-6201

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