24 Acres Rt. 31 Chicago, IL 60606
- Land
- 24.00 lot acres
Current Use by Public Records
- Land
Property Details for 24 Acres Rt. 31
- Lot size
- 24.00 lot acres
- Property type
- Land
Description
This exceptional 24-acre commercial land parcel presents a unique investment opportunity in Chicago, Illinois. Located on Route 31 in Cook/DuPage County (zip code 60606), this property boasts approximately 1,383 feet of frontage, offering unparalleled visibility and accessibility. Currently zoned M-1 within the Village of Lake in the Hills, the site is ideally positioned for significant development, with the Village's Future Land Use Map designating this area for future commercial use, suggesting a strong potential for re-zoning to Unincorporated C - Conditional Zoning District. Utilities are readily available on-site. The land's size and location make it exceptionally suitable for large-scale commercial projects, such as dealerships, furniture showrooms, micro-breweries, or facilities requiring substantial storage, warehouse space, and ample parking. Its strategic location across from a new Walmart Supercenter and other retail establishments further enhances its appeal and potential for high returns. The property includes three parcel numbers: 19-15-100-048; 19-15-300-016; 19-15-300-017. The land is priced at $3.95 per square foot. This is a rare opportunity to acquire a substantial, well-located commercial property with significant development potential in a thriving area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook/DuPage
- State
- Illinois
- Longitude
- -87.6371
- Latitude
- 41.8818
