500 Ela Road

Lake Zurich, IL 60047

$470,000
Last Sold Price
32,234 / 0.74
Lot Size / Acres

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)....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.
  1. Listed by Paul Proano • Coldwell Banker Commercial NRT

Sold By Keller Williams ONEChicago

Property Details for 500 Ela Road

Area
Hawthorn Woods / Lake Zurich / Kildeer / Long Grove
Township
Ela
Ownership
Fee Simple
Num Of Cars
0.0
Heat/Fuel
Natural Gas, Forced Air
Zoning
COMMR
Add your commute
LISTING UPDATED: 07/01/2023 08:23 AM

Property Details for 500 Ela Road

StatusClosed
MLS #11693975
Days on Market181
Taxes$14,321 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.74 AC
CountyLake County
Add your commute

Building Information for 500 Ela Road

Lot Size0.74 AC

Payment Calculator

$3,758 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,565

Property Taxes

$1,193

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 500 Ela Road

General Information
School Information
  • Elementary School District: 95
  • High School District: 95
  • Middle Or Junior School District: 95
Location and General Information
  • Frontage Length: 266
  • Frontage Type: City Street
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Basement Description: Cellar
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: Yes
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Sewer-Storm Available, Well-Community, Well-Shared
Property/Lot Information
  • Lot Size: .50-.99 Acre
  • Lot Dimensions: 134 X 264 + 66 X 132
  • Approx Land Sq Footage: 32203
  • Buildings on Land: Yes
  • Waterfront: No
  • Driveway: Asphalt
  • General Information: None
Property and Assessments
  • Possible Use: Commercial, Conditional Use, Liquor License, Office and Research, Development, Retail
  • Public Document Count: 1
  • Document Date: 2023-01-02T23:45:18
  • Photos Count: 31
Miscellaneous
  • Current Use: Commercial
  • Land Amenities: Lighting/Exterior,Sidewalks
  • Land Description: Level
  • Location: Central Business District,High Traffic Area
  • Road Surface: Asphalt
  • Total Listed Lots Avail: 5
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 500 Ela Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 500 Ela Road

Taxable ValueLand$28,283Additions$91,269Total$119,552
Tax Record2023$9,340 ($778 / month)
Home Facts
Lot Size8,368 SqFtStyleMiscellaneous CommercialCountyLAKEAPN14-20-301-002

Schools near 500 Ela Road

This home is within Lake Zurich Community Unit School District 95.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
May Whitney Elementary School
PublicPK to 5

Lake Zurich Middle - N Campus
Public6 to 8

Lake Zurich High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Commercial NRT

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 07/01/2023 08:23 AM. 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.