Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Office Spaces

    3890 Salem Lk Dr, Long Grove, IL 60047

    120,000 SF 36.73 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 120,000 square foot commercial property, located at 3890 Salem Lake Drive in Long Grove, Illinois, presents a unique redevelopment opportunity. Situated on a sprawling 36.728-acre lot overlooking scenic Salem Lake and nestled within the Lake County Forest Preserve, this property offers unparalleled beauty and potential. The existing office building provides a solid foundation for various ventures. The property's zoning, designated R1 & O, allows for a wide range of possibilities, including the development of a resort, senior housing community, religious facility, single-family homes, or a medical office building. The asking price is $5,500,000. The property's prime location in Long Grove, IL, zip code 60047, offers easy access to major transportation routes and amenities. The Assessor's Parcel Numbers (APN) are 14-23-200-037

    Property profile
    Verified
    Property type Office Spaces
    Total area 120,000 SF
    Lot 36.73 ac (1,599,872 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 3890 Salem Lk Dr?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message