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    35220 Illinois 83 Lake Villa, IL 60046

    Sponsored
    For Sale
    $1,800,000

    Flex, Manufacturing, Warehouse - 5,788 SF

    Property size:
    5,788 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.7-acre industrial property in Lake Villa, Illinois, presents a compelling investment opportunity. Located at 35220 North Illinois Route 83, zip code 60046, this FEE SIMPLE property boasts two buildings totaling 5,788 square feet of net rentable space. The current configuration includes approximately 2,130 square feet of office space and 4,000 square feet of shop space, perfectly suited for a contractor, but adaptable to a variety of uses. A significant advantage is the property's prominent location, offering approximately 350 feet of frontage on Milwaukee Avenue, a high-traffic area with a daily count near 18,000 vehicles in the nearby Round Lake Beach. The property also features a 1.5-acre fenced yard, providing ample space for storage or outdoor operations. Its versatility makes it ideal for various businesses, including contractor yards, auto or boat repair shops, storage facilities, or redevelopment into retail or restaurant spaces. The property is available for sale at $1,800,000, and owner financing is available. This prime location and flexible space make this a truly unique opportunity. The property is classified as Flex, Manufacturing, and Warehouse.

    Property Features for 35220 Illinois 83

    General Information

    Property type
    Distribution properties
    Square Feet
    5,788 SF
    Lot Size
    74,052 SF

    Building Details

    Buildings
    2

    HighLights

    • Fee simple 1.7‑acre industrial property in Lake Villa, IL (60046) at 35220 N Illinois Route 83.
    • 5,788 SF net rentable space in two buildings: ~2,130 SF office and ~4,000 SF shop space.
    • Prominent location with ~350' of frontage on high‑traffic Milwaukee Ave (near Round Lake Beach, ~18,000 VPD).
    • 1.5‑acre fenced yard.
    • $1,800,000; owner financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Lake Villa
    County
    Lake
    State
    Illinois
    Longitude
    -88.056384
    Latitude
    42.3746221

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    FAQs

    What type of property is this?
    Distribution property - Flex, Manufacturing, Warehouse - 5,788 SF
    Where is this distribution property located?
    The property is located at 35220 Illinois 83 Lake Villa, IL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Fee simple 1.7-acre industrial property in Lake Villa, IL (60046) at 35220 N Illinois Route 83.; 5,788 SF net rentable space in two buildings: ~2,130 SF office and ~4,000 SF shop space.; Prominent location with ~350' of frontage on high-traffic Milwaukee Ave (near Round Lake Beach, ~18,000 VPD).
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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
    35220 Illinois 83 Lake Villa, IL 60046
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