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Property profile & analytics
OFF-MARKET
Land

2200 Cornerstone Pkwy Grayslake, IL 60030

7.4 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 7.4-acre commercial land parcel presents a unique investment opportunity in Grayslake, Illinois. Situated at the northwest corner of Pedersen Road and Route 83, this property boasts a highly visible location at a signalized four-way intersection. The parcel is zoned MX in the Village of Grayslake, making it suitable for a variety of retail developments. All utilities are readily available on-site, simplifying the development process. This strategic location benefits from its proximity to substantial surrounding business parks encompassing a total of 1,374 acres, ensuring a strong potential customer base. Furthermore, the property's position across Pedersen Road from the planned 700-acre Ivanhoe Residential Development in nearby Mundelein offers significant long-term growth potential. The address is listed as 2200 Cornerstone Pkwy, Grayslake, IL 60030, within Lake County. The asking price for this remarkable opportunity is $1,792,533.96. This prime commercial land offers exceptional visibility and access, making it an attractive proposition for discerning investors seeking a high-impact development project.

Property profile
Verified
Property type Land
Lot 7.4 ac (322,344 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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