$470,000
$559,000
15.9%For more information regarding the value of a property, please contact us for a free consultation.
500 Ela RD Lake Zurich, IL 60047
0.74 Acres Lot
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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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Anthony Zaskowski • Keller Williams ONEChicago