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    35980 Us-45 Lake Villa, IL 60046

    Sponsored
    For Sale
    $1,600,000

    4.33 Acres, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 4.33-acre commercial land parcel in Lake Villa, Illinois (60046), is offered at $1,600,000. Located at 35980 US-45, this property boasts a General Commercial (GC) zoning designation and is situated at a stoplight corner with high traffic counts: 19,900 vehicles on IL Route 45 and 18,900 on Grand Avenue. Previously approved for a gas station/car wash by Lindenhurst, this site presents a turnkey development opportunity. The property includes APNs 06-13-200-011

    Property Features for 35980 Us-45

    General Information

    Property type
    Land
    Lot Size
    188,615 SF

    HighLights

    • Unincorporated Lake County property; annexation into Lindenhurst required.
    • Excellent access to major transportation arteries (buses and expressways).
    • High traffic counts.
    • One mile from Gurnee Mills.
    • Located on a signalized intersection.
    • Lindenhurst previously approved site for gas station/car wash.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lake Villa
    County
    Lake
    State
    Illinois
    Longitude
    -88.004204607375
    Latitude
    42.385046054298

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    FAQs

    What type of property is this?
    Land - 4.33 Acres, Prime Location
    Where is this land located?
    The property is located at 35980 Us-45 Lake Villa, IL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Unincorporated Lake County property; annexation into Lindenhurst required.; Excellent access to major transportation arteries (buses and expressways).; High traffic counts.
    (847) 698-8269
    Request Owner's contact information
    35980 Us-45 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
    35980 Us-45 Lake Villa, IL 60046
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