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    Milwaukee Rd And Deerfield Rd Riverwoods, IL 60015

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    For Sale
    Contact for pricing

    38-acre land site for development in Lake County, Illinois.

    Property size:
    38 SF
    Lot size:
    38.00 Acres

    Property Features for Milwaukee Rd And Deerfield Rd

    General Information

    Size
    38 SF
    Lot size
    38.00 Acres

    Source: Doug Altenberger Agent Doug Altenberger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    38 Acres Land For Development

    This 38-acre land site is located at the southeast corner of Milwaukee Avenue and Deerfield Road in the near north Chicago suburbs. The site offers flexible options and convenient access to I-294. Potential construction plans include a 220,000 square foot building and a 320,000 square foot building. The location is approximately 20 minutes from O'Hare Airport. The site allows for abundant trailer and car parking and a 32' clear height.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Riverwoods
    County
    Lake
    State
    Illinois
    Longitude
    -87.8767
    Latitude
    42.1724

    Nearby Similar for Sale

    • $1,700,000
      6,434 SF

      Riverwoods Medical Center - For Sale

      Class A medical building, prime location.
      240 Saunders Rd, Riverwoods, IL 60015
      View Details

    FAQs

    What type of property is this?
    Land - 38-acre land site for development in Lake County, Illinois.
    Where is this land located?
    The property is located at Milwaukee Rd And Deerfield Rd Riverwoods, IL.
    What are key features of this property?
    This property features: - Development Opportunity: 38 acres of land suitable for development.; - Ideal Location: Southeast corner of Milwaukee Avenue and Deerfield Road in the near north Chicago suburbs.; - Potential Construction: Plans include a 220,000 SF building and a 320,000 SF building.
    (630) 693-0699
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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
    Milwaukee Rd And Deerfield Rd Riverwoods, IL 60015
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