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    4533 Il Rte 173 Zion, IL 60099

    Sponsored
    For Sale
    $350,000

    High-traffic location, 0.49-acre lot. Ideal for business.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 0.49-acre commercial land parcel, located at 4533 IL Rte. 173 in Zion, Illinois (Lake County, zip code 60099), is offered at an asking price of $350,000. The property is designated as Fee Simple ownership and has a permitted zoning of HB. Its prime location boasts excellent visibility due to its proximity to a busy shopping center, creating a strong foundation for commercial success. The lot size provides ample space for development, and the favorable demographics of the area contribute to its high potential. This is one of four available outlots in this desirable location, presenting a unique opportunity for investors and businesses seeking a strategic foothold in a thriving commercial area. The property's APN is 04183020110000. Coordinates are 42.463365 latitude and -87.880307 longitude. Serious inquiries are encouraged.

    Property Features for 4533 Il Rte 173

    General Information

    Property type
    Land
    Lot Size
    21,344 SF

    HighLights

    • 0.49‑acre commercial land parcel in Zion, IL (Lake County, 60099), offered at $350,000.
    • Fee Simple ownership with HB zoning.
    • Excellent visibility near a busy shopping center.
    • Ample space for development in a favorable demographic area.
    • One of four available outlots.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Zion
    County
    Lake
    State
    Illinois
    Longitude
    -87.880307
    Latitude
    42.463365

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    FAQs

    What type of property is this?
    Land - High-traffic location, 0.49-acre lot. Ideal for business.
    Where is this land located?
    The property is located at 4533 Il Rte 173 Zion, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 0.49-acre commercial land parcel in Zion, IL (Lake County, 60099), offered at $350,000.; Fee Simple ownership with HB zoning.; Excellent visibility near a busy shopping center.
    Request Owner's contact information
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    Zion, IL 60099
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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
    4533 Il Rte 173 Zion, IL 60099
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