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    35923 Barberry Ln Gurnee, IL 60031

    Sponsored
    For Lease
    Contact for pricing

    Prime 1-acre site, ideal for retail or office.

    Lot size:
    57,935 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1-acre commercial land parcel presents a unique investment opportunity in the thriving Gurnee, Illinois market. Located at the highly visible southwest corner of Delany Road and Barberry Lane (35923 Barberry Ln, Gurnee, IL 60031), this property offers unparalleled exposure and accessibility. Its single-tenant designation provides flexibility for development, catering to a variety of commercial uses. The property's zoning (not specified in provided information) will need to be verified by the prospective buyer to ensure compatibility with their intended use. The site's size (one acre) allows for substantial building potential, making it suitable for a range of projects, from smaller retail spaces to larger office buildings. Given its prime location at a major intersection, this land parcel is poised for significant growth and return on investment. The coordinates (42.38427 latitude, -87.90498 longitude) provide precise location data for further due diligence. This is a rare opportunity to acquire a strategically located commercial land parcel in a dynamic and growing area. Serious inquiries are encouraged to explore the potential of this exceptional property. Further information regarding utilities, environmental assessments, and development restrictions can be obtained through the appropriate channels.

    Property Features for 35923 Barberry Ln

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    57,935 SF

    Unit(s) available at that property

    Space
    Size
    57,935 SF

    HighLights

    • 1‑acre commercial land parcel in Gurnee, IL, at the highly visible corner of Delany Rd and Barberry Ln (35923 Barberry Ln).
    • Offers excellent visibility and accessibility due to its prime intersection location.
    • Single‑tenant designation allows for flexible commercial development.
    • Zoning verification required by buyer to confirm intended use.
    • Suitable for various projects, from small retail to larger office buildings.
    • Prime location suggests strong potential for ROI.
    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
    -87.90498
    Latitude
    42.38427

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    FAQs

    What type of property is this?
    Land - Prime 1-acre site, ideal for retail or office.
    Where is this land located?
    The property is located at 35923 Barberry Ln Gurnee, IL.
    What are key features of this property?
    This property features: 1-acre commercial land parcel in Gurnee, IL, at the highly visible corner of Delany Rd and Barberry Ln (35923 Barberry Ln).; Offers excellent visibility and accessibility due to its prime intersection location.; Single-tenant designation allows for flexible commercial development.
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    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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