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    20660 Rollins Rd Lake Villa, IL 60046

    Sponsored
    For Sale
    Contact for pricing

    Prime 77-acre site, ideal for mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 77-acre property presents a unique development opportunity in Lake Villa, Illinois. Located at 20660 W Rollins Rd, this expansive site boasts a prime location directly on Rollins Road, offering excellent visibility and accessibility. Currently zoned R1, the property presents potential for various development scenarios beyond residential use, given its strategic location. The site's proximity to local shopping centers and schools adds significant value. Comprising four separate parcels (APN: 0611300013, 0611400002, 0614100005, 0614100006), this substantial land holding offers flexibility for large-scale projects. The property's location on Fourth Lake provides additional appeal. With its substantial size and strategic location, this 77-acre tract represents a rare opportunity for developers seeking a significant land acquisition in a desirable area of Lake County, Illinois. The zip code is 60046. The latitude and longitude coordinates are 42.38444511385212 and -88.03601396656316 respectively.

    Property Features for 20660 Rollins Rd

    General Information

    Property type
    Land
    Lot Size
    3,354,120 SF

    HighLights

    • 77‑acre development site in Lake Villa, IL.
    • Located on Rollins Road with R1 zoning, offering potential for rezoning.
    • Four parcels (APN: 0611300013, 0611400002, 0614100005, 0614100006) totaling 77 acres.
    • Convenient location near shopping and schools.
    • Prime location on Fourth Lake.
    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 Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Villa
    County
    Lake
    State
    Illinois
    Longitude
    -88.036013966563
    Latitude
    42.384445113852

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    FAQs

    What type of property is this?
    Land - Prime 77-acre site, ideal for mixed-use development.
    Where is this land located?
    The property is located at 20660 Rollins Rd Lake Villa, IL.
    What are key features of this property?
    This property features: 77-acre development site in Lake Villa, IL.; Located on Rollins Road with R1 zoning, offering potential for rezoning.; Four parcels (APN: 0611300013, 0611400002, 0614100005, 0614100006) totaling 77 acres.
    (312) 528-7780
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    20660 Rollins Rd 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
    20660 Rollins Rd Lake Villa, IL 60046
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