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    27555 Il-120 Lakemoor, IL 60051

    Sponsored
    For Sale
    Contact for pricing

    8 Acres, High-Traffic Location, Retail Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8-acre commercial land parcel presents a unique investment opportunity in the thriving Lakemoor, Illinois market. Strategically located at the southwest corner of Route 12 and Route 120, this property boasts unparalleled visibility and accessibility. The site is divided into four lots: Lot 1 (2.96 acres), Lot 2 (4.59 acres), Lot 3 (1.24 acres), and Lot 4 (8 acres). A proposed 12,000 square foot retail development is envisioned for the site, capitalizing on the high daily traffic counts of Route 12 (28,400 vehicles) and Route 120 (27,000 vehicles). This prime location benefits from its proximity to major roadways and its strategic position to draw customers from several surrounding communities including Lakemoor, Volo, Fox Lake, Wauconda, Round Lake, and McHenry. The property is anchored by Woodman's, ensuring a strong retail presence and drawing significant consumer traffic. This is an exceptional opportunity to develop a thriving commercial venture in a high-demand area with excellent visibility and access. The property's size and location make it ideal for a variety of commercial uses. Contact us today to learn more about this exceptional opportunity.

    Property Features for 27555 Il-120

    General Information

    Property type
    Land
    Lot Size
    348,480 SF

    HighLights

    • High‑visibility corner lot at Route 12 and Route 120, Lakemoor, IL.
    • Woodman's Foods‑anchored center.
    • High traffic counts: 28,400 VPD on Route 12 and 27,000 VPD on Route 120.
    • Excellent location drawing from Lakemoor, Volo, Fox Lake, Wauconda, Round Lake, and McHenry.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakemoor
    County
    Lake
    State
    Illinois
    Longitude
    -88.16836323612
    Latitude
    42.322749839523

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    FAQs

    What type of property is this?
    Land - 8 Acres, High-Traffic Location, Retail Potential
    Where is this land located?
    The property is located at 27555 Il-120 Lakemoor, IL.
    What are key features of this property?
    This property features: High-visibility corner lot at Route 12 and Route 120, Lakemoor, IL.; Woodman's Foods-anchored center.; High traffic counts: 28,400 VPD on Route 12 and 27,000 VPD on Route 120.
    (630) 908-5703
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    27555 Il-120 Lakemoor, IL 60051
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    Lakemoor, IL 60051
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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
    27555 Il-120 Lakemoor, IL 60051
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