Current Use by Public Records
- Land
Property Details for 30862 Il-83
- Lot size
- 32.64 lot acres
- Property type
- Land
Description
This exceptional 32.64-acre property in Grayslake, Illinois, presents a unique investment opportunity. Located on State Route 83, this expansive parcel boasts over 1,150 feet of road frontage, easily accommodating heavy truck traffic. Currently zoned R1, it offers significant potential for future development, particularly given its proximity to established businesses like Medline, FedEx, Saia Trucking, Waste Management, Lester's Material, and the Lake County Fairgrounds. The site's adjacency to Limited Industry and General Business zoned properties suggests a pathway for rezoning to support a variety of industrial uses. Potential uses include an industrial park, warehousing facilities, contractor storage yards, self-storage units, truck terminals, semi-truck sales and service centers, and material storage. The asking price is $3,495,000, translating to an attractive price per square foot of under $2.50. Grayslake may offer incentives for industrial development projects that bring jobs and new technologies to the area. The property's long-time family ownership is seeking to divest, making this a rare opportunity to acquire a significant land holding in a strategic location. The parcel's square shape and existing sewer and water infrastructure further enhance its development potential. Please note that the property is currently being used for agricultural purposes; access is permitted, but visitors should exercise caution and avoid damaging crops. The APN is 10-11-200-017.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grayslake
- County
- Lake
- State
- Illinois
- Longitude
- -88.0312
- Latitude
- 42.3113
