Property profile

28590 Il-120 Lakemoor, IL 60051

OFF-MARKET
Land
5 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 5 ac (217,800 SF)

Cap rate & NOI

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

Location

28590 Il-120 Lakemoor, IL 60051
Lakemoor metro
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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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