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    40635 N Mill Creek Rd Old Mill Creek, IL 60083

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    For Sale
    Contact for pricing

    Land featuring wooded areas, ponds, pavilion, and recreational amenities.

    Lot size:
    39.26 Acres

    Property Features for 40635 N Mill Creek Rd

    General Information

    Lot size
    39.26 Acres

    Source: Newmark | Chicago O’Hare Agent Michael Prost

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

    Overview

    Residential Land with Recreational Features

    This property features a single-family house and is characterized by a wooded area containing two ponds. Recreational amenities include a walking and riding path, an enclosed pavilion, and campsites. A pole barn is also located on the premises. The property is situated close to the Des Plaines River Trail.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Bar & Pub Convenience Store Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Old Mill Creek
    County
    Lake
    State
    Illinois
    Longitude
    -87.9521051
    Latitude
    42.4521904

    FAQs

    What type of property is this?
    Residential land & home lot - Land featuring wooded areas, ponds, pavilion, and recreational amenities.
    Where is this residential land & home lot located?
    The property is located at 40635 N Mill Creek Rd Old Mill Creek, IL.
    What are key features of this property?
    This property features: - Wooded area featuring two ponds; - Enclosed pavilion for gatherings; - Pole barn on the property
    (773) 957-1400
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    40635 N Mill Creek Rd Old Mill Creek, IL 60083
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    Old Mill Creek, IL 60083
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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
    40635 N Mill Creek Rd Old Mill Creek, IL 60083
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