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    35923 Barberry Ln Gurnee, IL 60031

    Sponsored
    For Sale
    $598,000

    High-traffic corner lot, ideal for retail or office.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 57,750 square foot commercial land parcel is situated at the southwest corner of Delany Road and Barberry Lane in Gurnee, Illinois (60031). The property boasts excellent visibility and high traffic counts, making it an ideal location for a variety of commercial uses. Zoned G-O, this site presents a significant opportunity for developers and businesses seeking a prime location in a thriving area. The property's address is 35923 Barberry Lane, within Lake County. The APN is 07142000008. The asking price is $598,000, and annual property taxes are $5,220. Its strategic location offers unparalleled access to significant traffic flow, ensuring maximum exposure for any commercial venture. This is a rare opportunity to acquire a well-positioned commercial lot with strong potential for growth and return on investment. The property's size and zoning make it suitable for a range of commercial developments, from retail spaces to office buildings. Don't miss this chance to secure a prime piece of commercial real estate in a desirable location.

    Property Features for 35923 Barberry Ln

    General Information

    Property type
    Land

    HighLights

    • Annual property taxes: $5,220
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gurnee
    County
    Lake
    State
    Illinois
    Longitude
    -87.904479293003
    Latitude
    42.384533628953

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, ideal for retail or office.
    Where is this land located?
    The property is located at 35923 Barberry Ln Gurnee, IL.
    What is the asking price?
    The asking price for this property is $598,000.
    What are key features of this property?
    This property features: Annual property taxes: $5,220; ;
    Request Owner's contact information
    35923 Barberry Ln Gurnee, IL 60031
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    Gurnee, IL 60031
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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
    35923 Barberry Ln Gurnee, IL 60031
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