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Property profile

37575 Illinois Rte Lake Villa, IL 60046

OFF-MARKET
Day care centers
3,350 SF 1.01 ac lot Built 1978
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Property summary

AI-generated overview

This 3,350 square foot commercial building, situated on a one-acre lot in Lake Villa, Illinois, presents a versatile investment opportunity. Located on busy Route 59, the property boasts excellent visibility and ample parking for both employees and customers. The building features a large reception area, two windowed offices, and a spacious workshop area with a 9'8" spancrete ceiling and an 8'x8' overhead door. A rear area offers additional space with an 8' high x 10' wide overhead door, and a gravel area provides outdoor storage. The property includes a modern HVAC system, three-phase electric, and two bathrooms (one ADA compliant). Heavy-load floors support various uses. The GC zoning allows for a wide range of businesses, including professional offices, restaurants, retail, daycare centers, and more (some uses may require conditional use permits). Office furniture is included in the sale. The seller is retiring, making this a prime opportunity for a new owner to establish or expand their business. The building's location between an auto repair shop and a transmission shop provides additional business synergy. The beautiful Forest Preserve behind the property offers a tranquil backdrop. The property's size allows for future expansion. This is a turnkey operation ready for immediate occupancy. The asking price is $419,500. The APN is 05-01-207-003. The building was constructed in 1978.

Property profile

Verified
Property type Day care centers
Year built 1978
Total area 3,350 SF
Lot 1.01 ac (43,996 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

37575 Illinois Rte Lake Villa, IL 60046
Lake Villa metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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