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    OFF-MARKET
    Land

    37696 Illinois 59, Lake Villa, IL 60046

    4.1 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 4.1 ac (178,596 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
    by Request
    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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