27065 Rte, Round Lake Beach, IL 60073
This exceptional 34.7-acre commercial land parcel presents a remarkable development opportunity in the rapidly growing Volo, Illinois area of Lake County. Located at 27065 W Route 120, this property boasts a highly desirable location with excellent visibility and accessibility. The land is comprised of five lots (one sliver lot and four contiguous lots), offering flexibility for various development scenarios. The property features two signalized corners at the intersection of Route 120 and Gilmer Road, and Gilmer Road and Ellis Drive, ensuring high traffic exposure. With an average household income of $102,548 within a one-mile radius, this site offers a strong demographic profile for commercial development. Route 120 sees approximately 22,000 cars daily. The property is zoned AG and is situated less than two blocks from a newly constructed 244,000 square foot Woodman's store, along with other new commercial developments including Buenos Beef, Chipotle, and Starbucks. The asking price is $3,763,715, with a land value of $2.49 per square foot. The APN numbers are 09-03-200-095, 09-03-400-013, 09-03-200-096, and 09-02-300-026. This is a truly exceptional opportunity for investors and developers seeking a prime location in a thriving market.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.