Residential Development Land
For Sale
$2,500,000
24840 W State Route 22, Lake Zurich, IL 60047
Land, Lake Zurich, IL
Property SizeContact for details
Lot Size33.92 Acres
Days on Market48
Property Features for 24840 W State Route 22
General Information
Property type
Land
Property subtype
Other
Elementary school district
95
Middle school district
95
High school district
95
Directions
Route 22 (Half Day Rd.) west of Rand Rd. (US-12) to property. Subject property is located on the north side of Route 22 approximately 0.3 miles west of Quentin Rd.
Subdivision
Hawthorn Woods / Lake Zurich / Kildeer / Long Grove
Standard status
Active
APN
14191000080000
Lot size
33.92 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
20217
Listing Agency:
33 Realty
(773) 327-4975
Listed By:
Aaron Giles · License #475175759
(773) 327-4975
Added: Jul 14
Changed: Aug 20
Last Checked: Aug 30 at 3:06PM
MLS# 12704751
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This sale offers a 33.92-acre land development site in unincorporated Lake County with approximately 910 feet of frontage along IL Route 22. Public remarks indicate roughly 12 acres of upland/buildable area, and the property is currently zoned Open Space (OS). The Village of Lake Zurich Comprehensive Plan identifies the site as a strategic redevelopment opportunity, with potential for annexation and Planned Unit Development (PUD) approval, subject to municipal approvals and buyer due diligence.
The property is accessed via IL Route 22, with additional practical access described along Rand Road (US-12). Public remarks also note proximity to shopping, schools, and surrounding residential communities.
Prospective uses noted in the public remarks include residential development, conservation subdivision, townhome, mixed-use, or other concepts, depending on zoning, annexation, wetlands, and development feasibility. The buyer is responsible for confirming all development requirements and constraints through its own due diligence.
The property is accessed via IL Route 22, with additional practical access described along Rand Road (US-12). Public remarks also note proximity to shopping, schools, and surrounding residential communities.
Prospective uses noted in the public remarks include residential development, conservation subdivision, townhome, mixed-use, or other concepts, depending on zoning, annexation, wetlands, and development feasibility. The buyer is responsible for confirming all development requirements and constraints through its own due diligence.
Key Highlights
- 33.92‑acre parcel with approximately 910 ft of frontage along IL Route 22 in unincorporated Lake County
- Estimated 12 acres of upland/buildable area for development (subject to approvals and due diligence)
- Currently zoned Open Space (OS)
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Explore this area
Business Placement
Demographics for 60047, IL
43,944
Population
15,877
Households
2.8
Avg Household Size
43
Median Age
67%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
1,259
Density / Sq Mi
$173,043
Median Household Income
$82,803
Median Earnings
$1,817
Median Rent
$510,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 33.92-acre development site with approximately 910 feet of frontage along IL Route 22 in unincorporated Lake County.
Where is this residential land & home lot located?
The property is located at 24840 W State Route 22 Lake Zurich, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 33.92‑acre parcel with approximately 910 ft of frontage along IL Route 22 in unincorporated Lake County; Estimated 12 acres of upland/buildable area for development (subject to approvals and due diligence); Currently zoned Open Space (OS)
