37696 Illinois 59, Lake Villa, IL 60046
This exceptional 4.1-acre commercial land parcel, located at 37696 N Illinois 59 in Lake Villa, Illinois (zip code 60046), presents a unique investment opportunity. Priced well below appraised value and ready for immediate development, this property is ideally situated within the Amber Shores Subdivision. The land boasts General Commercial/Business Retail zoning (GC), allowing for a wide range of commercial and retail uses. All utilities are available on-site, simplifying the development process. The property encompasses twelve individual lots, totaling 179,356 square feet, and includes outlot B. The APN is 05-01-209-018 through 030. A survey is available upon request; however, a soil test is not currently available. This prime location on IL Route 59 offers excellent visibility and accessibility, making it an attractive proposition for developers seeking a high-impact commercial project. The seller is motivated and seeking an immediate sale. This is a rare opportunity to acquire a significant commercial land holding in a desirable location at a highly competitive price. Serious inquiries are encouraged.
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.