Property profile

37542 Illinois 59 Lake Villa, IL 60046

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in the thriving Lake Villa, Illinois market. Encompassing a substantial 38,739 square feet, this property is ideally situated on Illinois Route 59, within the established Amber Shores Subdivision. The parcel consists of three contiguous lots (APN: 05-01-209-028 through 030), providing ample space for a variety of commercial or retail developments. Zoned for commercial/business retail use (GC), this site is ready for immediate development, with utilities already available on-site. Its high-visibility location on Route 59 ensures significant exposure to a large volume of daily traffic, making it an attractive proposition for businesses seeking a strong presence in this growing area. The property's location within the Amber Shores Subdivision offers the benefit of established infrastructure and a well-defined community setting. This is a rare opportunity to acquire a sizable, strategically located commercial parcel in a desirable Lake County location. The asking price of $199,000 represents exceptional value for a property of this size and potential. Don't miss this chance to secure a prime piece of Lake Villa real estate. The address is 37542 N Illinois 59, Lake Villa, IL 60046.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

37542 Illinois 59 Lake Villa, IL 60046
Lake Villa metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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