2200 Cornerstone Pkwy Grayslake, IL 60030
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.
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.