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    +/-1.51 Acres Lk St Addison, IL 60101

    For Sale
    $526,204

    Land - Addison, IL

    Days on Market:
    262
    Last Refresh:
    Dec 7 at 5:06 am

    Property Features for +/-1.51 Acres Lk St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0319208054

    Building Details

    Architectural style
    Other

    Flanagan Realty (630) 388-8522 [email protected]

    Listing agent Daniel Flanagan (630) 791-0505 License #471000084

    Listing date Mar 21, 2025

    MLS# 12318626 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Addison Land For Sale

    This improved building site, totaling approximately 1.51 acres, is located in Addison, Illinois. It is positioned near the intersection of Lake Street and Lombard Road, an area with high traffic volume. The site is suitable for various commercial uses, including medical offices, auto service facilities, fast food establishments, hotels, or other retail ventures. Essential utilities, such as sewer and water, are available at the property line. An access road to the property has already been completed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Addison
    County
    DuPage
    State
    Illinois
    Longitude
    -88.011
    Latitude
    41.9314

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    FAQs

    What type of property is this?
    Commercial land - Infill location near Lake Street & Lombard Rd Intersection.
    Where is this commercial land located?
    The property is located at +/-1.51 Acres Lk St Addison, IL.
    What is the asking price?
    The asking price for this property is $526,204.
    What are key features of this property?
    This property features: - Rare infill location.; - Ideal for medical office, auto service, fast food, hotel, or other retail.; - Improved building site.
    (630) 791-0505
    Request Owner's contact information
    +/-1.51 Acres Lk St Addison, IL 60101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    +/-1.51 Acres Lk St Addison, IL 60101
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