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    36W461 Binnie Rd West Dundee, IL 60118

    Sponsored
    For Sale
    $2,500,000

    Versatile Land, Excellent Investment Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 24.109-acre property located at 36W461 Binnie Road in West Dundee, Illinois, presents a unique investment opportunity. Currently zoned F, this expansive parcel offers significant potential for various uses, making it an ideal candidate for re-zoning. The property's substantial size provides ample space for a wide range of development projects. Situated in Kane County, with a 60118 zip code, the land boasts a convenient location. The coordinates are 42.117318 latitude and -88.324084 longitude. The asking price for this remarkable property is $2,500,000. While currently classified as residential, commercial, and farm land, its zoning and size allow for exploration of diverse development options. Note that there is an existing lease with an expiration date of September 29, 2026, leaving approximately 1.9 years remaining on the lease term. This presents a unique opportunity for future development plans, allowing for strategic planning and execution. The property's versatility and prime location in West Dundee make it a highly attractive investment prospect. Serious inquiries are encouraged to explore the full potential of this exceptional land offering.

    Property Features for 36W461 Binnie Rd

    General Information

    Property type
    Farms
    Lot Size
    1,050,188 SF

    HighLights

    • Excellent rezoning potential.
    • High‑traffic location with strong visibility.
    • Significant upside potential for value appreciation.
    • Property offers flexible use options.
    • Prime location in a rapidly growing market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    West Dundee
    County
    Kane
    State
    Illinois
    Longitude
    -88.324084
    Latitude
    42.117318

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    FAQs

    What type of property is this?
    Farm - Versatile Land, Excellent Investment Potential
    Where is this farm located?
    The property is located at 36W461 Binnie Rd West Dundee, IL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Excellent rezoning potential.; High-traffic location with strong visibility.; Significant upside potential for value appreciation.
    Request Owner's contact information
    36W461 Binnie Rd West Dundee, IL 60118
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    West Dundee, IL 60118
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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
    36W461 Binnie Rd West Dundee, IL 60118
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