2600 14Th St North Chicago, IL 60064

OFF-MARKET

Land

7.86 ac lot

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This exceptional 7.86-acre land parcel in North Chicago, Illinois, presents a unique commercial and residential development opportunity. Located at 2600 14th Street, the property boasts 575 feet of frontage and is zoned R-1. A pending city approval on August 5th envisions a "Local Mixed-Use" designation under the city's new comprehensive plan. Currently tax-exempt as part of the Northshore Garden of Memories Cemetery, this site offers significant advantages. All utilities are available on-site. Its strategic location provides easy access to major transportation hubs, including a 30-minute drive to O'Hare International Airport and a one-hour drive to Downtown Chicago. The surrounding area is thriving, with a population of 95,106 within a three-mile radius and a rising median home value. The asking price is $700,000, translating to $2.05 per square foot. The property's APN is 08-31-400-023. This presents a rare chance to develop a project in a vibrant and rapidly growing community. This is a truly exceptional investment opportunity.

Property type Land

Lot 7.86 ac (342,382 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

2600 14Th St North Chicago, IL 60064

North Chicago metro

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Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

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Value Estimation by Request

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