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    411115-41318 Mill Creek Rd Wadsworth, IL 60083

    Sponsored
    For Sale
    $3,015,000
    Added:
    Dec 11, 2024
    Days on Market:
    396

    Property Features for 411115-41318 Mill Creek Rd

    General Information

    Property type
    Land
    Lot Size
    2,918,520 SF

    HighLights

    • 67‑acre residential development site in Wadsworth, IL.
    • Located at the southwest corner of Route 173 and Mill Creek Road.
    • Future I‑94 and Route 173 interchange planned.
    • Adjacent to CenterPoint Business Park.
    • Excellent access to O'Hare and Mitchell International Airports, MetraRail, and major highways.
    • Exceptional opportunity for developers and investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Nail Salon Skin Care Clinic Kitchen & Bath HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Wadsworth
    County
    Lake
    State
    Illinois
    Longitude
    -87.9529681
    Latitude
    42.4658931

    Nearby Comparable

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      Wadsworth Land Parcel For Sale

      Land parcel available for purchase in Wadsworth, Illinois.
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      Route 173 Commercial Land Opportunity

      High-traffic Wadsworth, IL commercial lot.
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      0.90 Acres

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    FAQs

    Where is this land located?
    The property is located at 411115-41318 Mill Creek Rd Wadsworth, IL.
    What is the asking price?
    The asking price for this property is $3,015,000.
    What are key features of this property?
    This property features: 67-acre residential development site in Wadsworth, IL.; Located at the southwest corner of Route 173 and Mill Creek Road.; Future I-94 and Route 173 interchange planned.
    (312) 338-3012
    Request Owner's contact information
    411115-41318 Mill Creek Rd Wadsworth, IL 60083
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    Wadsworth, 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
    411115-41318 Mill Creek Rd Wadsworth, IL 60083
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