3890 Salem Lk Dr, Long Grove, IL 60047
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.