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    28590 Il-120 Lakemoor, IL 60051

    • Land
    • 5.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 28590 Il-120

    Lot size
    5.00 lot acres
    Property type
    Land

    Description

    This exceptional 5-acre commercial land parcel presents a remarkable investment opportunity in Lakemoor, Illinois. Located at 28590 IL-120, this fee-simple property boasts a prime location on Route 120, enjoying over 320 feet of frontage and exposure to over 20,000 vehicles daily. Zoned C3-PUD, the site is ready for a variety of commercial or industrial developments, including retail, restaurants, or office spaces. Utilities are readily available, with electric and gas on-site and sewer options nearby. The level lot features existing outdoor lighting. The Village of Lakemoor actively supports development and is open to assisting with plans, potentially including the installation of a traffic signal to further enhance accessibility. This high-visibility location in Lake County, zip code 60051, offers unparalleled potential for significant return on investment. Don't miss this chance to capitalize on the high traffic count and prime location to build your next commercial venture. The property is priced at $614,900.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lakemoor
    County
    Lake
    State
    Illinois
    Longitude
    -88.1899
    Latitude
    42.3262

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    28590 Il-120
    Lakemoor, IL 60051
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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