7153 Il-83, Long Grove, IL 60060
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.
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.