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    28700 Rand Rd Lakemoor, IL 60051

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    For Sale
    Contact for pricing

    Prime Commercial Land: 10.5 Acres, Route 120 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.5-acre commercial land parcel presents a unique investment opportunity in Lakemoor, Illinois. Strategically located on West Rand Road (IL Route 120), this property boasts significant frontage, ensuring high visibility and accessibility. The site is zoned C-3, allowing for a wide range of commercial development possibilities. Its advantageous location is further enhanced by its adjacency to the established William Ryan Homes Savannah Community, providing a built-in residential customer base. The property's on-site utilities simplify development plans, minimizing upfront infrastructure costs and expediting the construction process. With its substantial size, prime location, and convenient access to utilities, this 10.5-acre parcel is ideally suited for a variety of commercial ventures, offering significant potential for growth and return on investment. The property is situated in Lake County, Illinois, with a 60051 zip code. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a large, well-located commercial land parcel in a thriving area. Don't miss out on this exceptional investment prospect.

    Property Features for 28700 Rand Rd

    General Information

    Property type
    Land
    Lot Size
    457,380 SF

    HighLights

    • 10.5‑acre commercial land parcel in Lakemoor, IL.
    • High‑visibility location on West Rand Road (IL Route 120).
    • C‑3 zoning allows diverse commercial development.
    • Adjacent to William Ryan Homes Savannah Community.
    • On‑site utilities minimize development costs.
    • Located in Lake County, IL, zip code 60051.
    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 Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakemoor
    County
    Lake
    State
    Illinois
    Longitude
    -88.193254414935
    Latitude
    42.326902680093

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land: 10.5 Acres, Route 120 Frontage
    Where is this land located?
    The property is located at 28700 Rand Rd Lakemoor, IL.
    What are key features of this property?
    This property features: 10.5-acre commercial land parcel in Lakemoor, IL.; High-visibility location on West Rand Road (IL Route 120).; C-3 zoning allows diverse commercial development.
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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
    28700 Rand Rd Lakemoor, IL 60051
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