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    24 Acres Rt. 31 Lake in the Hills, IL 60606

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    For Sale
    Contact for pricing

    24-acre site suitable for development in a transitional area.

    Property size:
    24 SF
    Lot size:
    24.00 Acres

    Property Features for 24 Acres Rt. 31

    General Information

    Size
    24 SF
    Lot size
    24.00 Acres

    Source: Jim Pietrarosso Agent Jim Pietrarosso

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

    Overview

    24 Acres Development Site

    This 24-acre site is available for development in a transitional area. It is zoned M-1 within the Village of Lake in the Hills. The Village's Future Land Use Map designates this area for future commercial development, supporting a potential re-zoning. The site is situated on the west side of Route 31, between Rakow Road to the north and Virginia Road to the south. It is located across the street from a new Walmart Supercenter and additional retail shops. The site is ideal for large site users such as dealerships, furniture stores, or micro-breweries, as it has excellent retail frontage and the size to support storage, warehouse, or a large building footprint and parking.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lake in the Hills
    County
    McHenry
    State
    Illinois
    Longitude
    -87.6367
    Latitude
    41.8818

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    FAQs

    What type of property is this?
    Land - 24-acre site suitable for development in a transitional area.
    Where is this land located?
    The property is located at 24 Acres Rt. 31 Lake in the Hills, IL.
    What are key features of this property?
    This property features: - 24 +/- acre site ideal for large-scale development.; - Excellent retail frontage on Route 31.; - Zoned M-1, with potential for commercial re-zoning.
    (847) 758-9200
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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
    24 Acres Rt. 31 Lake in the Hills, IL 60606
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