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    855 E Grand Ave Lake Villa, IL

    For Sale
    $3,250,000

    Retail property for sale in Lake Villa, Illinois.

    Property size:
    16,299 SF
    Lot size:
    3.08 Acres

    Property Features for 855 E Grand Ave

    General Information

    Size
    16,299 SF
    Lot size
    3.08 Acres

    Source: McColly Bennett Real Estate Agent William (Bill) Loy

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

    Overview

    Lake Villa Retail Opportunity

    This retail property, located in Lake Villa, Illinois, offers a total area of 16299 square feet. The property is suitable for retail and other retail purposes.
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Villa
    County
    Lake
    State
    Illinois
    Longitude
    -88.0739708
    Latitude
    42.4169651

    Nearby Similar for Sale

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    • Contact for pricing

      Lake Villa Business Opportunity

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    • $4,200,000
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    • $1,800,000
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      Lake Villa Industrial Property - $1.8M

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    FAQs

    What type of property is this?
    Retail property - Retail property for sale in Lake Villa, Illinois.
    Where is this retail property located?
    The property is located at 855 E Grand Ave Lake Villa, IL.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - Retail property for sale; - Located in Lake Villa, Illinois
    (219) 670-2864
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    855 E Grand Ave Lake Villa, IL
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    Lake Villa, IL
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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
    855 E Grand Ave Lake Villa, IL
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