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    37696 Illinois 59 Lake Villa, IL 60046

    Sponsored
    For Sale
    Contact for pricing

    4.1 Acres, Prime Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 4.1-acre commercial land parcel, located at 37696 N Illinois 59 in Lake Villa, Illinois (zip code 60046), presents a unique investment opportunity. Priced well below appraised value and ready for immediate development, this property is ideally situated within the Amber Shores Subdivision. The land boasts General Commercial/Business Retail zoning (GC), allowing for a wide range of commercial and retail uses. All utilities are available on-site, simplifying the development process. The property encompasses twelve individual lots, totaling 179,356 square feet, and includes outlot B. The APN is 05-01-209-018 through 030. A survey is available upon request; however, a soil test is not currently available. This prime location on IL Route 59 offers excellent visibility and accessibility, making it an attractive proposition for developers seeking a high-impact commercial project. The seller is motivated and seeking an immediate sale. This is a rare opportunity to acquire a significant commercial land holding in a desirable location at a highly competitive price. Serious inquiries are encouraged.

    Property Features for 37696 Illinois 59

    General Information

    Property type
    Land
    Lot Size
    178,596 SF

    HighLights

    • 4.1‑acre commercial land parcel in Lake Villa, IL.
    • Priced below appraised value and offered for immediate sale.
    • Zoned General Commercial/Business Retail, ready for development.
    • Located on IL Route 59 within the Amber Shores Subdivision.
    • All utilities are available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Villa
    County
    Lake
    State
    Illinois
    Longitude
    -88.1263144
    Latitude
    42.4111025

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    FAQs

    What type of property is this?
    Land - 4.1 Acres, Prime Development
    Where is this land located?
    The property is located at 37696 Illinois 59 Lake Villa, IL.
    What are key features of this property?
    This property features: 4.1-acre commercial land parcel in Lake Villa, IL.; Priced below appraised value and offered for immediate sale.; Zoned General Commercial/Business Retail, ready for development.
    (847) 362-2000
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    37696 Illinois 59 Lake Villa, IL 60046
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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
    37696 Illinois 59 Lake Villa, IL 60046
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