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    Rte 120 & Rte 137 Libertyville, IL 60030

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    For Sale
    Contact for pricing

    36.7 Acres, Prime PUD Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 36.7-acre commercial land parcel presents a remarkable development opportunity in Grayslake, Illinois. Located at the intersection of Route 120 and Route 137, this property boasts a highly desirable Planned Unit Development (PUD) zoning designation, allowing for a wide range of commercial uses. Its strategic location offers unparalleled access to major transportation arteries and a robust consumer base. The site is directly adjacent to the Jewel-anchored Mapleview Shopping Center, ensuring high visibility and convenient access to existing retail amenities. Furthermore, its proximity to both the North Central Service and Milwaukee District North Commuter Metra Line stations provides excellent commuter access. The property is situated within Lake County, Illinois, and benefits from being in one of the state's top-ranked public school districts. The parcel's APN is 06-35-400-04

    Property Features for 0 Rte 120 & Rte 137

    General Information

    Property type
    Land
    Lot Size
    1,598,652 SF

    HighLights

    • PUD zoning, allowing for diverse commercial uses.
    • Adjacent to Jewel‑anchored Mapleview Shopping Center.
    • Near North Central Service & Milwaukee District North Metra stations.
    • Located in a top‑ranked Illinois school district.
    • 2023 property taxes: $1,526.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Libertyville
    County
    Lake
    State
    Illinois
    Longitude
    -88.0042124
    Latitude
    42.3144074

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    FAQs

    What type of property is this?
    Land - 36.7 Acres, Prime PUD Zoning, High Traffic
    Where is this land located?
    The property is located at Rte 120 & Rte 137 Libertyville, IL.
    What are key features of this property?
    This property features: PUD zoning, allowing for diverse commercial uses.; Adjacent to Jewel-anchored Mapleview Shopping Center.; Near North Central Service & Milwaukee District North Metra stations.
    Request Owner's contact information
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    Libertyville, 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
    Rte 120 & Rte 137 Libertyville, IL 60030
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