Rt 120 Belvedere RdGrayslake, IL 60030

Property Details for Rt 120 Belvedere Rd

Lot size

22.29 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 22.29-acre commercial land parcel presents a unique investment opportunity in Grayslake, Illinois. Located on the east side of Alleghany Road, south of Route 120 (W Belvedere Road), this property boasts a highly desirable location with excellent visibility and accessibility. The site benefits from its proximity to a Metra station providing daily service to Chicago, and is just 40 miles west of downtown Chicago. The property is zoned PUD (Planned Unit Development) with an underlying R5 zoning designation, allowing for a variety of development options. A future use plan indicates potential for transit-oriented mixed-use development or single-family residential construction. High traffic counts on Alleghany Road (7,700 vehicles per day) and Route 120 (17,200 vehicles per day) further enhance the property's commercial viability. Grayslake Central High School, a top-ranked public high school in Illinois, is also nearby. The property includes four separate PIN numbers: 06-34-200-069, 06-34-200-084, 06-34-400-006, 06-34-400-007, and 06-34-400-008. Annual property taxes are $25,305.40. The asking price for this strategically located land is $1,950,000. This presents a compelling opportunity for developers seeking a prime location with significant potential for future growth and development. Detailed information is available upon request.

Location Insight

City

Grayslake

County

Lake

State

Illinois

Latitude

42.328

Longitude

-88.0412

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