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    3109 Belvidere Rd Park City, IL 60085

    Sponsored
    For Lease
    Contact for pricing

    High-traffic location, build-to-suit available.

    Lot size:
    48,787 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 48,787 square-foot commercial land parcel presents a unique investment opportunity in Park City, Illinois. Located at 3109 Belvidere Road, this property boasts excellent visibility and accessibility on a busy thoroughfare with 28,000 vehicles passing daily (VPD). Its strategic location offers a dedicated turn lane and convenient access to public transportation, situated directly at a PACE bus stop. The property benefits from its prime position across from a Burger King, between a Wendy's and a Shell gas station, ensuring high foot traffic and brand recognition. Furthermore, its proximity to major roadways provides easy access to both Highway 41 and I-94, enhancing its appeal to a wide range of businesses. The property is only 2.5 miles from Downtown Waukegan and its picturesque lakefront, offering employees and customers convenient access to amenities and recreational activities. This site is ideal for ground lease or build-to-suit development, catering to a variety of commercial ventures. The property is situated in Lake County, Illinois, with a zip code of 60085. This is a rare chance to acquire a highly visible and strategically located commercial land parcel in a thriving area.

    Property Features for 3109 Belvidere Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,787 SF

    Unit(s) available at that property

    Space
    Size
    48,787 SF

    HighLights

    • 48,787 SF commercial land parcel in Park City, IL.
    • High visibility & accessibility on Belvidere Road (28,000 VPD), dedicated turn lane, and PACE bus stop.
    • Excellent location across from Burger King, between Wendy's and Shell gas station.
    • Easy access to Hwy 41 & I‑94, 2.5 miles from Downtown Waukegan.
    • Ideal for ground lease or build‑to‑suit development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Park City
    County
    Lake
    State
    Illinois
    Longitude
    -87.879379
    Latitude
    42.348256

    Nearby Comparable

    • $25 SF/Yr

      Retail Storefront on Belvidere Road

      Retail space available in Waukegan, close to major commercial corridors.
      2850 Belvidere Rd, Waukegan, IL 60085
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      104,000 SF

      Park City Warehouse Space Available

      Two warehouse buildings available for lease in Park City.
      700-750 S Chestnut Ave, Park City, IL 60085
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    • $12 SF/Yr

      Retail Space on Green Bay Road

      Retail space for lease with high traffic exposure.
      511 S Green Bay Rd, Waukegan, IL 60085
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    • $12 SF/Yr
      3,900 SF

      Waukegan Retail Space - Prime Location

      High-traffic restaurant space, 3900 sq ft.
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      Waukegan Retail/Office Space Available

      Clean, ready-to-move-in retail or office space with high exposure.
      335 S Green Bay Rd, Waukegan, IL 60085
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      7,500 SF

      Waukegan Warehouse with Office Space

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      875-895 South Northpoint Blvd, Waukegan, IL 60085
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      11,400 SF

      Waukegan Warehouse with Immediate I-94 Access

      11,400 SF warehouse with convenient highway access and office space.
      953-977 Northpoint Blvd, Waukegan, IL 60085
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    • $6 SF/Yr
      4,800 SF

      Waukegan Warehouse with Office Space

      4,800 SF warehouse with 1,385 SF office space available.
      940 Northpoint Blvd, Waukegan, IL 60085
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      6,240 SF

      Waukegan Warehouse Space Available

      6,240 SF warehouse space for lease in Waukegan, IL.
      1000-1036 Northpoint Blvd, Waukegan, IL 60085
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    • Contact for pricing

      Waukegan Commercial Land Development

      Prime Waukegan retail land near Belvidere Mall.
      2253 Belvidere Rd, Waukegan, IL 60085
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      4,169 SF

      Retail Space in Fountain Square

      Inline retail space available in Waukegan shopping center.
      3933-3961 Fountain Square Pl, Waukegan, IL 60085
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    • $12 SF/Yr
      320,000 SF

      Belvidere Mall Medical Office Space

      Waukegan, IL medical office suites available
      2103 Belvidere Rd, Waukegan, IL 60085
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    Nearby Similar for Lease

    • Contact for pricing
      104,000 SF

      Park City Warehouse Space Available

      Two warehouse buildings available for lease in Park City.
      700-750 S Chestnut Ave, Park City, IL 60085
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic location, build-to-suit available.
    Where is this land located?
    The property is located at 3109 Belvidere Rd Park City, IL.
    What are key features of this property?
    This property features: 48,787 SF commercial land parcel in Park City, IL.; High visibility & accessibility on Belvidere Road (28,000 VPD), dedicated turn lane, and PACE bus stop.; Excellent location across from Burger King, between Wendy's and Shell gas station.
    Request Owner's contact information
    3109 Belvidere Rd Park City, IL 60085
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    Park City, IL 60085
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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
    3109 Belvidere Rd Park City, IL 60085
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