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    2200 Cornerstone Pkwy Grayslake, IL 60030

    Sponsored
    For Sale
    $1,792,533

    Prime Grayslake location, ideal for retail development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.4-acre commercial land parcel presents a unique investment opportunity in Grayslake, Illinois. Situated at the northwest corner of Pedersen Road and Route 83, this property boasts a highly visible location at a signalized four-way intersection. The parcel is zoned MX in the Village of Grayslake, making it suitable for a variety of retail developments. All utilities are readily available on-site, simplifying the development process. This strategic location benefits from its proximity to substantial surrounding business parks encompassing a total of 1,374 acres, ensuring a strong potential customer base. Furthermore, the property's position across Pedersen Road from the planned 700-acre Ivanhoe Residential Development in nearby Mundelein offers significant long-term growth potential. The address is listed as 2200 Cornerstone Pkwy, Grayslake, IL 60030, within Lake County. The asking price for this remarkable opportunity is $1,792,533.96. This prime commercial land offers exceptional visibility and access, making it an attractive proposition for discerning investors seeking a high-impact development project.

    Property Features for 2200 Cornerstone Pkwy

    General Information

    Property type
    Land
    Lot Size
    322,344 SF

    HighLights

    • 7.4‑acre corner lot.
    • All utilities available on‑site.
    • Signalized four‑way intersection.
    • MX zoning in Grayslake Village.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Grayslake
    County
    Lake
    State
    Illinois
    Longitude
    -88.028560626946
    Latitude
    42.305973746939

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    FAQs

    What type of property is this?
    Land - Prime Grayslake location, ideal for retail development.
    Where is this land located?
    The property is located at 2200 Cornerstone Pkwy Grayslake, IL.
    What is the asking price?
    The asking price for this property is $1,792,533.
    What are key features of this property?
    This property features: 7.4-acre corner lot.; All utilities available on-site.; Signalized four-way intersection.
    Request Owner's contact information
    2200 Cornerstone Pkwy Grayslake, IL 60030
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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
    2200 Cornerstone Pkwy Grayslake, IL 60030
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