23403 Il-120 Round Lake, IL 60073
This exceptional 4-acre commercial parcel, located at 23403 IL-120 in Round Lake, Illinois (zip code 60073), presents a unique investment opportunity. Zoned C-2 PUD, this property offers a multitude of development possibilities. Its prime location at the entrance of Madrona Village ensures high visibility and accessibility. Ideal uses include restaurants, retail establishments, entertainment venues, industrial facilities, and senior housing (independent living and/or assisted living). The land is priced at $795,000, translating to $4.63 per square foot. Utilities are readily available, and off-site storm water management is anticipated. This ready-to-develop site in Lake County provides an excellent chance to capitalize on a thriving market. The property's versatility and strategic location make it an attractive prospect for developers seeking a high-impact project. Don't miss this chance to acquire a significant commercial land holding in a desirable area. Contact us today to learn more about this exceptional opportunity.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.