Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Lot in Gated Subdivision Title is generated by Realmo AI

    30 Star Lane, South Barrington, IL 60010

    View on Map
    Claim this Listing
    For Sale
    $699,000

    1.88-acre waterfront lot in a prestigious, gated community.

    Type:Land or Vacant Lot
    Lot size:
    1.88 Acres
    Added:
    May 13, 2025
    Days on Market:
    390
    Last Refresh:
    Apr 5 at 9:50 pm

    Property Features for 30 Star Lane

    General Information

    Standard status
    Active
    Lot size
    1.88 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    MICHAEL SORENSEN
    MICHAEL SORENSEN

    Listing agent MICHAEL SORENSEN License #475114997

    Listing office CHICAGOLAND BROKERS, INC.

    Listing date May 13, 2025

    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 CHICAGOLAND BROKERS, INC.

    HighLights

    • Prime 1.88 acre waterfront lot backing to pond.
    • Located in the gated prestigious Magnolia Pointe subdivision.
    • District 220 schools.
    • Cul‑de‑sac location.
    • Bring offers.

    Overview

    This 1.88-acre waterfront lot is located within the gated Magnolia Pointe subdivision. The property backs onto a pond and is situated in a cul-de-sac. The location provides access to District 220 schools. The property is intended for residential use.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Law Firm Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    South Barrington
    County
    Cook
    State
    Illinois
    Longitude
    -88.1618
    Latitude
    42.0692

    Nearby Similar for Sale

    • $550,000

      Class A Executive Office Condo

      Two office suites within a Class A executive complex, including a leased medical unit and a turnkey vacant suite.
      3 Executive Court, South Barrington, IL 60010
      View Details
    • $1,550,000

      South Barrington High-End Office Building

      Turn-key office building in South Barrington Executive Center.
      14 Executive Court, South Barrington, IL 60010
      View Details
    • $365,000

      South Barrington Land with Pond

      Nearly 3-acre lot with pond in South Barrington, IL.
      303 Algonquin Road, South Barrington, IL 60010
      View Details
    • $699,000

      Waterfront Land in South Barrington

      1.879 acre waterfront lot in gated Magnolia Pointe subdivision.
      30 Star Lane, South Barrington, IL 60010
      View Details
    • $325,000

      South Barrington 1.4 Acre Lot

      1.4 acre lot in Hidden Lakes community.
      11 Brooke Lane lot: 18, South Barrington, IL 60010
      View Details
    • $9,500,000
      108,340 SF

      South Barrington Office Center Portfolio

      Stabilized office portfolio in affluent South Barrington, 94% leased.
      33 W Higgins Rd, South Barrington, IL 60010
      View Details
    • $599,000

      Land in Exclusive Sundance Community

      Luxury homesite in South Barrington's premier Sundance community.
      16 Saddlehorn Lane, South Barrington, IL 60010
      View Details
    • $699,000

      Land in Sundance Community

      Homesite in South Barrington's exclusive Sundance community.
      29 Saddlehorn Lane, South Barrington, IL 60010
      View Details
    • $479,900

      South Barrington Land Opportunity

      Over two acres to build your dream home.
      40 S Polo Drive, South Barrington, IL 60010
      View Details
    • $799,000

      South Barrington Land Opportunity

      Luxury homesite in exclusive Sundance community with resort-style amenities.
      6 Saddlehorn Lane, South Barrington, IL 60010
      View Details
    • $1,550,000
      11,000 SF

      High-End Office Building For Sale

      Turn-key office building in South Barrington Executive Center.
      14 Executive Court, South Barrington, IL 60010
      View Details
    • $235,000

      Residential Land in South Barrington

      Residential land available in South Barrington, Illinois.
      22 Brooke Lane lot: 30, South Barrington, IL 60010
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1.88-acre waterfront lot in a prestigious, gated community.
    Where is this waterfront land located?
    The property is located at 30 Star Lane South Barrington, IL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Prime 1.88 acre waterfront lot backing to pond.; Located in the gated prestigious Magnolia Pointe subdivision.; District 220 schools.
    (773) 745-1000
    We can help!
    Listing Contact
    MICHAEL SORENSEN
    MICHAEL SORENSEN
    Real Estate License ID: 475114997
    Learn More
    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
    30 Star Lane, South Barrington, IL 60010
    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!