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    37542 Illinois 59 Lake Villa, IL 60046

    Sponsored
    For Sale
    $199,000

    Prime commercial land, ready to develop.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial land offering presents a unique investment opportunity in the thriving Lake Villa, Illinois market. Encompassing a substantial 38,739 square feet, this property is ideally situated on Illinois Route 59, within the established Amber Shores Subdivision. The parcel consists of three contiguous lots (APN: 05-01-209-028 through 030), providing ample space for a variety of commercial or retail developments. Zoned for commercial/business retail use (GC), this site is ready for immediate development, with utilities already available on-site. Its high-visibility location on Route 59 ensures significant exposure to a large volume of daily traffic, making it an attractive proposition for businesses seeking a strong presence in this growing area. The property's location within the Amber Shores Subdivision offers the benefit of established infrastructure and a well-defined community setting. This is a rare opportunity to acquire a sizable, strategically located commercial parcel in a desirable Lake County location. The asking price of $199,000 represents exceptional value for a property of this size and potential. Don't miss this chance to secure a prime piece of Lake Villa real estate. The address is 37542 N Illinois 59, Lake Villa, IL 60046.

    Property Features for 37542 Illinois 59

    General Information

    Property type
    Land

    HighLights

    • $199,000 asking price.
    • 38,739 SF commercial land parcel.
    • Located at 37542 N Illinois 59, Lake Villa, IL 60046 (APN: 05‑01‑209‑028 through 030).
    • Development‑ready, with utilities on‑site.
    • Three combined commercial/retail lots in the Amber Shores Subdivision, situated on Illinois Route 59.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Villa
    County
    Lake
    State
    Illinois
    Longitude
    -88.1273858
    Latitude
    42.4088914

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    FAQs

    What type of property is this?
    Land - Prime commercial land, ready to develop.
    Where is this land located?
    The property is located at 37542 Illinois 59 Lake Villa, IL.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: $199,000 asking price.; 38,739 SF commercial land parcel.; Located at 37542 N Illinois 59, Lake Villa, IL 60046 (APN: 05-01-209-028 through 030).
    (847) 362-2000
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    Lake Villa, IL 60046
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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
    37542 Illinois 59 Lake Villa, IL 60046
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