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Commercial Land with Dual Zoning
New
For Sale
$3,900,000

1514 East Lake Avenue, Glenview, IL 60025

The property carries B-2 and R-18 zoning in Glenview.

Property Size2 SF
Price / SF$1,950,000
Days on Market5

Property Features for 1514 East Lake Avenue

General Information

Standard status Active
Size 2 SF
Property subtype Land
Listing Agency: CBRE | Oak Brook
Listed By: Brian Buckingham
Source: Cbre
Added: Sep 20 Last Checked: Sep 24 at 6:40AM

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 CBRE | Oak Brook

Investment Insights

Based on property information with market context.

This 2.60-acre commercial land parcel is positioned at 1514 East Lake Avenue in Glenview, Illinois. The property carries existing B-2 and R-18 zoning, providing a defined framework for redevelopment planning. It has been offered for sale for the first time in over 100 years.

The site records 55,600 combined VPD, including 31,700 VPD on Lake Avenue and 23,900 VPD on Waukegan Road. It is adjacent to Glen Oak Plaza, which includes Trader Joe's, Walgreens, and NorthShore HealthSystem. Average household income within 3 miles is approximately $225,000.

Key Highlights

  • 2.60‑acre commercial land parcel in Glenview, IL
  • 55,600 combined VPD; 31,700 VPD on Lake Ave and 23,900 VPD on Waukegan Rd
  • Existing B‑2 and R‑18 zoning

Property Analytics

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Current Use

Hackney's on Lake Restaurant

Suggested Use

Top Pick Grocery & Convenience Store Garden Center Plumbing Service Computer & Electronic Repair Tech Support Center Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,138
Businesses Nearby

Demographics for 60025, IL

41,256
Population
16,815
Households
2.5
Avg Household Size
44
Median Age
65%
College-Educated
96%
High-School Grad
10.5 sq mi
ZIP Area
3,929
Density / Sq Mi
$119,639
Median Household Income
$59,789
Median Earnings
$1,705
Median Rent
$512,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - The property carries B-2 and R-18 zoning in Glenview.
Where is this commercial land located?
The property is located at 1514 East Lake Avenue Glenview, IL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 2.60‑acre commercial land parcel in Glenview, IL; 55,600 combined VPD; 31,700 VPD on Lake Ave and 23,900 VPD on Waukegan Rd; Existing B‑2 and R‑18 zoning
More about this property
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