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    1252 Us-45 Vernon Hills, IL 60061

    Sponsored
    For Sale
    $850,000

    0.82-acre development opportunity. High traffic counts.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 0.82-acre commercial land parcel, located at 1252 US-45 in Vernon Hills, Illinois, presents a prime development opportunity. Zoned B-1 for General Business, this property boasts high visibility and accessibility due to its location along a major highway and its proximity to substantial residential areas. The site's strategic placement within a bustling commercial hub ensures high traffic counts, creating an ideal environment for a variety of commercial ventures, including retail, office, or other businesses. The asking price is $850,000. The property's APN is 15-15-410-007, 15-15-410-009. Its convenient location near the Vernon Hills Town Center offers further advantages, including access to amenities and a supportive community. This is a rare chance to capitalize on a thriving business environment and build a successful commercial enterprise in a location that combines suburban tranquility with urban convenience. The property's potential is enhanced by its excellent location and the high volume of traffic on US-45 and nearby Milwaukee Avenue. This makes it an attractive investment for developers seeking to establish a new commercial project in a high-demand area. The site's size and zoning provide ample flexibility for various development plans. Don't miss this chance to secure a prime location in a growing community.

    Property Features for 1252 Us-45

    General Information

    Property type
    Land
    Lot Size
    35,719 SF

    HighLights

    • $850,000 asking price for 0.82‑acre commercial land parcel.
    • B‑1 General Business zoning.
    • High traffic counts on US Highway 45.
    • Excellent proximity to residential areas.
    • New construction opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Vernon Hills
    County
    Lake
    State
    Illinois
    Longitude
    -87.93473074883
    Latitude
    42.203184255231

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    FAQs

    What type of property is this?
    Land - 0.82-acre development opportunity. High traffic counts.
    Where is this land located?
    The property is located at 1252 Us-45 Vernon Hills, IL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 asking price for 0.82-acre commercial land parcel.; B-1 General Business zoning.; High traffic counts on US Highway 45.
    (847) 698-8269
    Request Owner's contact information
    1252 Us-45 Vernon Hills, IL 60061
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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
    1252 Us-45 Vernon Hills, IL 60061
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