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Property profile & analytics
OFF-MARKET
Land

23403 Il-120 Round Lake, IL 60073

4 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 4 ac (174,240 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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