0 Cor Of Ackman And Lakewood Rd Lake in the Hills, IL 60156
This exceptional 1.26-acre commercial land parcel presents a unique investment opportunity in the thriving Lake in the Hills, Illinois market. Located at the highly visible southeast corner of Ackman and Lakewood Roads, this pad-ready site boasts a strategic position within a busy neighborhood shopping center. The property offers 54,825 square feet of developable land, priced competitively at $10 per square foot. Zoned B-2, it's ideally suited for a variety of commercial uses. Significant infrastructure is already in place, including water and sewer connections, a partially completed concrete parking lot, and off-site detention. Future development plans include a signalized intersection at this hard corner and a highway extension of Ackman Road to Route 47, promising increased visibility and accessibility. This location benefits from a strong demographic profile, with over 63,000 residents within a three-mile radius, representing a high-income residential area. The asking price for this ready-to-build site is $548,250. Don't miss this chance to capitalize on this prime retail location in a rapidly growing community. This property offers a compelling combination of location, infrastructure, and development potential, making it an ideal investment for discerning buyers.
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
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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.