Property profile

7153 Il-83 Long Grove, IL 60060

OFF-MARKET
Land
43560 ac lot
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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

Location

7153 Il-83 Long Grove, IL 60060
Long Grove metro
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Value estimations

Realmo proprietary · 4 methods
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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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