0 Fremont Way, Buffalo Grove, IL 60047
This exceptional 6.3-acre commercial land parcel presents a unique investment opportunity in the desirable Long Grove, Illinois area. Located at 0 Fremont Way, APN 15-30-400-249, this property boasts a strategic location at the southwest corner of Route 53 and Fremont Way, just west of Route 83, offering excellent visibility and accessibility. Currently zoned for Office/Research use, the property's zoning allows for a variety of development options. The Village of Long Grove is open to considering proposals for Medical, Office, and Retail uses, providing flexibility for potential buyers. The land itself is a secluded wooded lot, providing a tranquil setting with wetland views. A wetland delineation study was completed in 2013, providing valuable information for future development plans. Offered at $699,000, this translates to $110,952 per acre, representing a compelling value for this prime commercial land in a thriving location. The property's size and zoning make it ideal for a variety of commercial developments, catering to the needs of a growing community. This is a rare opportunity to acquire a significant land parcel in a highly sought-after area. 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
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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.