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    Swc Rte 120 & Alleghany Grayslake, IL 60030

    Sponsored
    For Sale
    $4,151,939

    30+ Acres, Prime Location, Multiple Uses

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 30.53-acre property presents a unique investment opportunity in Grayslake, Illinois. Located at the southwest corner of Route 120 and Alleghany Road, this strategically positioned land boasts a newer traffic signal and high visibility, experiencing approximately 20,100 vehicles daily on Route 120 and 6,450 vehicles daily on Alleghany Road. Currently zoned R1, the site offers significant potential for diverse development, including but not limited to gas stations, medical facilities, office buildings, light industrial uses, corporate headquarters, multi-family residential, or senior housing. Its suitability extends to national restaurant chains. The seller is open to subdividing the site, allowing for flexibility in development plans. A hard corner could be carved off for separate development. The property is currently used for farming, bordered by Route 120, Alleghany Road, and a railroad. This prime location, coupled with its size and high traffic count, makes it an ideal investment for developers seeking a high-impact project in a thriving community. Please note that access to the property is at your own risk, and care should be taken to avoid damaging crops. The asking price for this remarkable property is $4,151,939.

    Property Features for 0 Swc Rte 120 & Alleghany

    General Information

    Property type
    Farms
    Lot Size
    1,329,887 SF

    HighLights

    • Approximately 30.53 acres of land.
    • High‑visibility corner lot at Route 120 and Alleghany Road.
    • Signalized intersection with high traffic counts (approx. 20,100 VPD on Route 120 and 6,450 VPD on Alleghany Road).
    • Suitable for various uses including retail, medical, office, light industrial, and multi‑family residential.
    • Currently used for farming.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Grayslake
    County
    Lake
    State
    Illinois
    Longitude
    -88.0534162
    Latitude
    42.3407425

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    FAQs

    What type of property is this?
    Farm - 30+ Acres, Prime Location, Multiple Uses
    Where is this farm located?
    The property is located at Swc Rte 120 & Alleghany Grayslake, IL.
    What is the asking price?
    The asking price for this property is $4,151,939.
    What are key features of this property?
    This property features: Approximately 30.53 acres of land.; High-visibility corner lot at Route 120 and Alleghany Road.; Signalized intersection with high traffic counts (approx. 20,100 VPD on Route 120 and 6,450 VPD on Alleghany Road).
    Request Owner's contact information
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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
    Swc Rte 120 & Alleghany Grayslake, IL 60030
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