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    OFF-MARKET
    Land

    7153 Il-83, Long Grove, IL 60060

    43560 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1-acre commercial land parcel, located at 7153 IL-83 in Long Grove, Illinois (zip code 60060), presents a unique investment opportunity. Zoned B-2, this property offers significant potential for a variety of commercial uses. The asking price is $499,000. Situated in a thriving area, the site boasts excellent visibility and accessibility, surrounded by a diverse range of established businesses. Nearby establishments include hotels (Baymont Inn and Suites, Double Tree Hotel), shopping centers (Hawthorn Shopping Mall, Patriot Plaza Shopping Center), restaurants, service stations (Shell and BP), automotive services (Midas Muffler, Autobahn Motorworks), pharmacies (CVS), and a bank (US Bank). The strong daytime and evening demographics ensure a consistent flow of potential customers. This location benefits from its proximity to schools and golf courses, adding to its overall appeal. The lot size is 43,560 square feet (1 acre). This is a rare opportunity to acquire a well-located commercial property in a high-demand area. The property is ready for development, making it an ideal investment for businesses seeking a strategic location in a bustling commercial hub. Broker co-op is available.

    Property profile
    Verified
    Property type Land
    Lot 43560 ac (1,897,473,600 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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