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    24150 Gilmer Rd Long Grove, IL

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    For Sale
    $3,100,000

    Vacant farmland with development potential in Long Grove, Illinois.

    Lot size:
    28.50 Acres

    Property Features for 24150 Gilmer Rd

    General Information

    Lot size
    28.50 Acres
    Source: Moodyscre

    Listing Agent: Mary Goodwin

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

    Overview

    Vacant Farmland Development Potential

    This vacant farmland, situated in Long Grove, Illinois, presents a development opportunity. The property is classified as agricultural land, specifically other agricultural land.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Long Grove
    County
    Lake
    State
    Illinois
    Longitude
    -87.9978518
    Latitude
    42.1783584

    Nearby Similar for Sale

    • $139,000

      Restaurant and Wine Bar Opportunity

      Restaurant and wine bar with licenses in historic Long Grove.
      132 N Old Mchenry Rd, Long Grove, IL 60047
      View Details

    FAQs

    What type of property is this?
    Land - Vacant farmland with development potential in Long Grove, Illinois.
    Where is this land located?
    The property is located at 24150 Gilmer Rd Long Grove, IL.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: - Vacant farmland; - Development Potential
    (636) 227-3431
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    24150 Gilmer Rd Long Grove, IL
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    Long Grove, 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
    24150 Gilmer Rd Long Grove, IL
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