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    Fremont Way Buffalo Grove, IL 60047

    Sponsored
    For Sale
    $699,000

    Prime Commercial Land, Office/Research Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 6.3-acre commercial land parcel presents a unique investment opportunity in the desirable Long Grove, Illinois area. Located at 0 Fremont Way, APN 15-30-400-249, this property boasts a strategic location at the southwest corner of Route 53 and Fremont Way, just west of Route 83, offering excellent visibility and accessibility. Currently zoned for Office/Research use, the property's zoning allows for a variety of development options. The Village of Long Grove is open to considering proposals for Medical, Office, and Retail uses, providing flexibility for potential buyers. The land itself is a secluded wooded lot, providing a tranquil setting with wetland views. A wetland delineation study was completed in 2013, providing valuable information for future development plans. Offered at $699,000, this translates to $110,952 per acre, representing a compelling value for this prime commercial land in a thriving location. The property's size and zoning make it ideal for a variety of commercial developments, catering to the needs of a growing community. This is a rare opportunity to acquire a significant land parcel in a highly sought-after area. Serious inquiries are encouraged.

    Property Features for 0 Fremont Way

    General Information

    Property type
    Land
    Lot Size
    274,428 SF

    HighLights

    • 6.3‑acre commercial land parcel in Long Grove, IL.
    • Located at 0 Fremont Way (APN 15‑30‑400‑249), at the southwest corner of Route 53 and Fremont Way, west of Route 83.
    • Office/Research zoning, with Village open to Medical, Office, and Retail uses.
    • Wooded lot with wetland views; 2013 wetland delineation study available.
    • Priced at $699,000 ($110,952/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Buffalo Grove
    County
    Lake
    State
    Illinois
    Longitude
    -87.9877001
    Latitude
    42.1726457

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Office/Research Zoning
    Where is this land located?
    The property is located at Fremont Way Buffalo Grove, IL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 6.3-acre commercial land parcel in Long Grove, IL.; Located at 0 Fremont Way (APN 15-30-400-249), at the southwest corner of Route 53 and Fremont Way, west of Route 83.; Office/Research zoning, with Village open to Medical, Office, and Retail uses.
    Request Owner's contact information
    Fremont Way Buffalo Grove, IL 60047
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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
    Fremont Way Buffalo Grove, IL 60047
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