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    Nippersink Ave Round Lake, IL 60073

    Sponsored
    For Sale
    $150,000

    Prime 3.6-acre commercial lot. Excellent development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 3.6-acre commercial land parcel presents a remarkable development opportunity in Round Lake, Illinois. Located on Nippersink Avenue, this property is zoned C1, offering a wide range of potential uses. Its strategic location provides convenient access to key transportation arteries, including close proximity to the Round Lake Station Commuter Rail (Milwaukee District North Line) and the Washington Street (Grayslake) Station Commuter Rail (NCS). This translates to easy commutes for potential employees and customers. The expansive lot size allows for significant flexibility in development plans, catering to a variety of commercial ventures. The property's address is Nippersink Ave, Round Lake, IL 60073, situated within Lake County. This prime location, combined with the generous lot size and favorable zoning, makes this an ideal investment for developers seeking a high-potential project in a thriving area. The asking price for this exceptional opportunity is $150,000. Serious inquiries are encouraged.

    Property Features for 0 Nippersink Ave

    General Information

    Property type
    Land
    Lot Size
    156,816 SF

    HighLights

    • $150,000 asking price.
    • 3.6‑acre commercial land parcel.
    • C1 zoning.
    • Located in Round Lake, IL, on Nippersink Ave, zip code 60073.
    • Close proximity to Round Lake and Grayslake commuter rail stations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Round Lake
    County
    Lake
    State
    Illinois
    Longitude
    -88.088282901014
    Latitude
    42.350980183023

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    FAQs

    What type of property is this?
    Land - Prime 3.6-acre commercial lot. Excellent development opportunity.
    Where is this land located?
    The property is located at Nippersink Ave Round Lake, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: $150,000 asking price.; 3.6-acre commercial land parcel.; C1 zoning.
    Request Owner's contact information
    Nippersink Ave Round Lake, IL 60073
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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
    Nippersink Ave Round Lake, IL 60073
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