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Property profile

19803 West Ln Grayslake, IL 60030

OFF-MARKET
Land
13.4 ac lot

Property summary

AI-generated overview

This exceptional 13.4-acre commercial land parcel presents a unique investment opportunity in Grayslake, Illinois. Ideally situated at 19803 N West Ln, 60030, this property boasts a highly desirable location at the intersection of Highway 45 and Washington Street, offering significant frontage along the heavily trafficked IL Route 45. The property's strategic positioning ensures maximum visibility and accessibility for any commercial development. Daily traffic counts on US Highway 45 reach 24,500 vehicles, while W Washington Street sees 18,300 vehicles per day, providing substantial potential for business growth and high return on investment. The property is zoned CB - Commercial Business District, allowing for a wide range of commercial uses, and also includes R-1 Residential District zoning. The parcel's APN is 07-19-300-085, and the annual property taxes are $38,489. This offering is subject to an acceptable offer. Detailed information and site plans are available upon request. Don't miss this chance to acquire a prime commercial land asset in a thriving Illinois market.

Property profile

Verified
Property type Land
Lot 13.4 ac (583,704 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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