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    37696 Lots 33-41 Lake Villa, IL 60046

    Sponsored
    For Sale
    $599,000

    99,894 SF Ready-to-Develop Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 99,894 square foot commercial land parcel, encompassing lots 33-41 of the Amber Shores Subdivision, presents a unique development opportunity in Lake Villa, Illinois. Located on the highly visible North Route 59, this property is zoned for General Commercial Business Retail use, offering significant potential for a variety of commercial or retail ventures. The site benefits from existing utilities, simplifying the development process and reducing upfront costs. The property's prime location within the Amber Shores Subdivision provides excellent visibility and accessibility, ensuring strong potential for attracting customers and tenants. With an APN of 05-01-209-018 through 026, this offering is priced well below appraised value and the seller is motivated for an immediate sale. This is a rare chance to acquire a substantial commercial land parcel in a desirable location, ready for immediate development. The property is situated in Lake County, Illinois, with a 60046 zip code. Don't miss this opportunity to capitalize on the thriving commercial landscape of Lake Villa.

    Property Features for 37696 Lots 33-41

    General Information

    Property type
    Land

    HighLights

    • Substantially below appraised value; owner motivated to sell quickly.
    • Development‑ready; utilities on‑site.
    • Located within the Amber Shores Subdivision.
    • Nine commercial/retail lots fronting Illinois Route 59.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Villa
    County
    Lake
    State
    Illinois
    Longitude
    -88.1263144
    Latitude
    42.4111025

    Nearby Comparable

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      4.10 Acres

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      Lake Villa Commercial Land - $199K

      Prime commercial land, ready to develop.
      37542 Illinois 59, Lake Villa, IL 60046
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      Land For Sale Ingleside

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      95 Grand Ave, Lake Villa, IL 60046
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    Nearby Similar for Sale

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      Lake Villa Industrial Property - $1.8M

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      Lake Villa Office Building Investment

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    FAQs

    What type of property is this?
    Land - 99,894 SF Ready-to-Develop Commercial Land
    Where is this land located?
    The property is located at 37696 Lots 33-41 Lake Villa, IL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Substantially below appraised value; owner motivated to sell quickly.; Development-ready; utilities on-site.; Located within the Amber Shores Subdivision.
    (847) 362-2000
    Request Owner's contact information
    37696 Lots 33-41 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
    37696 Lots 33-41 Lake Villa, IL 60046
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