Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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