500 Ela Road

Lake Zurich, Illinois 60047
Closed / MLS #11693308 / Retail Store / Lake Zurich
Listing information updated 7/1/2023 at 8:43am
exclusively chosen to market this two parcel land property 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.

Full Features

Built:
1981
Parking Spaces:
62
Cooling System:
Central Air
Stories:
2
Roof:
Shake
Ceiling Height:
16
Current Use:
Commercial
Zoning:
COMMR
Rentable Square Feet:
2,655
Building Square Feet:
2,655

Taxes & Assessments

Tax Amount:
$14,321
Tax Year:
2021

Location

Zip Code:
60047
City:
Lake Zurich
County:
Lake

Listing Office: Coldwell Banker Commercial NRT

Listing Office Phone: 312.860.4043

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 7/1/2023 at 8:43am. 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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500 Ela Road is a retail store which sold for $470,000. This retail store has been listed on @properties since December 31st, 2022 and was built in 1981.