Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    45W829 Grollemond Ln, Unit 18 Hampshire, IL 60140

    Sponsored
    For Sale
    $244,900

    LAND - Hampshire, IL

    Lot size:
    1.42 Acres
    Days on Market:
    291
    Last Refresh:
    Feb 5 at 12:06 pm

    Property Features for 45W829 Grollemond Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    PUD
    APN
    0401102006
    Lot size
    1.42 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Pawel Ciezobka
    Pawel Ciezobka

    TARABEIN INC. D/BA RE/MAX AT HOME (847) 255-1000

    Listing agent Pawel Ciezobka (224) 704-7862

    Listing date Apr 21, 2025

    MLS# 12338944 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Land in Serosun Farms

    This 1.42-acre lot is located in Serosun Farms, a luxury conservation community in Hampshire, Illinois. It is one of 26 available homesites. The property offers rolling countryside views, miles of nature trails, an equestrian center, and tranquil ponds. The location provides a rural setting with convenient access to I-90, Rt. 47, and U.S Rt. 20, as well as nearby shopping, dining, and top-rated schools. This property presents an opportunity to build a dream home in an eco-conscious community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hampshire
    County
    Kane
    State
    Illinois
    Longitude
    -88.505455
    Latitude
    42.063763

    Nearby Similar for Sale

    • $725,000
      1.34 Acres

      Hampshire Commercial Building For Sale

      Commercial building in high-visibility location, ideal for service businesses.
      41W584 Us Highway 20, Hampshire, IL 60140
      View Details
    • $325,000
      1,289 SF

      Route 72 Commercial Building

      Remodeled commercial building on Route 72 with redevelopment potential.
      124 E Oak Knoll Dr, Hampshire, IL 60140
      View Details
    • $125,000

      Retail Liquor Store Opportunity

      Retail liquor store in established, desirable area. Turnkey operation.
      107 W Oak Knoll Dr, Hampshire, IL 60140
      View Details
    • $1,700,000
      0.67 Acres

      Professional Building in Hampshire, Illinois

      Well-kept commercial building with business opportunities in Hampshire, Illinois.
      895 S State St S, Hampshire, IL 60140
      View Details
    • $375,000

      Historic Downtown Hampshire Retail Opportunity

      Charming 3,078 SF retail property in revitalized downtown Hampshire.
      141 N State St, Hampshire, IL 60140
      View Details
    • Contact for pricing
      23,958 SF

      Hampshire Warehouse/Industrial Opportunity

      23,958 SF warehouse/industrial property in Hampshire, Illinois.
      255 Keyes Ave, Hampshire, IL 60140
      View Details
    • Contact for pricing
      32,378 SF

      Hampshire Warehouse Property For Sale

      32,378 sqft warehouse property in Hampshire, Illinois.
      16N196 Walker Rd, Hampshire, IL 60140
      View Details
    • Contact for pricing
      76,000 SF

      Hampshire Warehouse/Industrial Opportunity

      76,000 sqft warehouse/industrial property in Hampshire, Illinois.
      281 Keyes Ave, Hampshire, IL 60140
      View Details
    • Contact for pricing
      69,300 SF

      Industrial Property in Hampshire, Illinois

      Industrial property available for sale in Hampshire, Illinois.
      201-255 Keyes Ave, Hampshire, IL 60140
      View Details
    • $1,700,000
      10,387 SF

      Hampshire Professional Building For Sale

      Prime Hampshire location, 10,387 sq ft. High potential.
      895 State St, Hampshire, IL 60140
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.42 acre lot in luxury conservation community, Hampshire, Illinois.
    Where is this residential land & home lot located?
    The property is located at 45W829 Grollemond Ln, Unit 18 Hampshire, IL.
    What is the asking price?
    The asking price for this property is $244,900.
    What are key features of this property?
    This property features: - Build your dream home in a luxury conservation community.; - 1-acre homesite in Serosun Farms.; - Access to miles of nature trails, an equestrian center, and tranquil ponds.
    (224) 704-7862
    Request Owner's contact information
    45W829 Grollemond Ln, Unit 18 Hampshire, IL 60140
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    45W829 Grollemond Ln, Unit 18
    Hampshire, IL 60140
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    45W829 Grollemond Ln, Unit 18 Hampshire, IL 60140
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Pawel Ciezobka
    Pawel Ciezobka
    Real Estate License ID: 475190266
    (224) 704-7862
    Learn more
    Google sign-in failed. Please try again or use another login method.