Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Lot in Sauk Village Title is generated by Realmo AI

    1154 Stone Lane, Sauk Village, IL 60411

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land lot offering endless possibilities in a charming community.

    Type:Land or Vacant Lot
    Added:
    Jun 14, 2023
    Days on Market:
    1089
    Last Refresh:
    Apr 5 at 10:41 pm

    Property Features for 1154 Stone Lane

    General Information

    Standard status
    Active
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    DANIELLE JOHNSON

    Listing agent DANIELLE JOHNSON License #475199661

    Listing office MCCOLLY REAL ESTATE

    Listing date Jun 14, 2023

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of MCCOLLY REAL ESTATE

    HighLights

    • Prime piece of real estate in Sauk Village, Illinois.
    • Large lot offering endless possibilities for development.
    • Situated in a peaceful and charming community.
    • Blank canvas ready for transformation.
    • Neighboring lot also for sale.

    Overview

    Located in Sauk Village, Illinois, this land lot presents an opportunity for ownership. Situated within a peaceful community, the property is suitable for development. An adjacent lot is also available for purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Nail Salon Building Supply Auto Repair Shop Pharmacy Hotel & Motel Auto Parts Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Sauk Village
    County
    Cook
    State
    Illinois
    Longitude
    -87.563
    Latitude
    41.5054

    Nearby Similar for Sale

    • $799,900

      Commercial Property in Sauk Village

      Commercial property for sale in Sauk Village, Illinois.
      2700 E Sauk Trail, Sauk Village, IL 60411
      View Details
    • $399,000

      Commercial Land in Sauk Village

      Commercial land suitable for gas station or truck parking.
      701 E sauk trail Street, Sauk Village, IL 60411
      View Details
    • $799,900
      2,980 SF

      Redevelopment Opportunity on High-Traffic Corner

      Vacant 2,980 SF building on 0.75 acres for sale.
      2700 E Sauk Trail, Sauk Village, IL 60411
      View Details
    • $599,000

      Sauk Village Industrial Land

      5.75 acres of improved land with industrial and commercial potential.
      21801 Woodlawn Avenue S, Sauk Village, IL 60411
      View Details
    • $300,000

      Commercial Land for Development

      Commercial land suitable for gas station or truck parking.
      480 E 14th Street, Sauk Village, IL 60411
      View Details
    • $1,600,000

      Prime Redevelopment Opportunity Near Chicago

      12.23-acre parcel ideal for commercial truck parking and logistics.
      2001 E Lincoln Hwy, Sauk Village, IL 60411
      View Details
    • Contact for pricing
      2,800 SF

      Drive-Through Restaurant Building

      Former fast-food drive-thru on a signalized corner with prominent signage and adjacency to a hospital campus.
      15345 S Wood St, Sauk Village, IL 60426
      View Details
    • $599,000

      Sauk Village Industrial Land

      5.75 acres of improved land with industrial and commercial potential.
      21801 Woodlawn Avenue S, Sauk Village, IL 60411
      View Details
    • $15,000

      Vacant Agricultural Land For Sale

      Vacant land with development potential in Sauk Village, Illinois.
      2205 Lincoln Highway, Sauk Village, IL 60411
      View Details
    • $15,000

      Vacant Lot in Sauk Village

      Vacant land with development potential in established Sauk Village.
      2463 Talandis Drive, Sauk Village, IL 60411
      View Details
    • $150,000

      Prime Corner Commercial Land Parcel

      1.31 acre corner lot with high traffic volume.
      3570 E Sauk Trl, Sauk Village, IL
      View Details
    • Contact for pricing

      Sauk Village Land Opportunity

      48.19 acres available for sale or build to suit.
      21601 Mark Collins Dr, Sauk Village, IL
      View Details

    FAQs

    What type of property is this?
    Land - Land lot offering endless possibilities in a charming community.
    Where is this land located?
    The property is located at 1154 Stone Lane Sauk Village, IL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime piece of real estate in Sauk Village, Illinois.; Large lot offering endless possibilities for development.; Situated in a peaceful and charming community.
    (219) 322-5508
    We can help!
    Listing Contact
    DANIELLE JOHNSON
    Real Estate License ID: 475199661
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1154 Stone Lane, Sauk Village, IL 60411
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!