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    Property profile

    18790 Gages Lk Rd Third Lake, IL 60030

    OFF-MARKET
    Commercial land
    Property ID
    US28-5666165
    1.01 ac lot
    Entity Owned 20-yr Hold Free & Clear

    Property summary

    AI-generated overview

    This exceptional three-acre commercial land parcel presents a remarkable development opportunity in the affluent Third Lake area of Lake County, Illinois. Located at 18790 W Gages Lake Rd, Third Lake, IL 60030, this property consists of three one-acre parcels, offering flexibility for various commercial ventures. The property boasts a highly desirable Commercial zoning designation, making it suitable for a wide range of uses. With a strategic location near Gages Lake and experiencing high traffic volume (over 20,000 vehicles daily) on US Highway 45, this site offers unparalleled visibility and accessibility. The 2020 property taxes were $4,372.20 per parcel. This presents a compelling investment opportunity, particularly attractive for 1031 exchange considerations. The asking price is subject to offer. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering.

    Property profile

    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.01 ac (43,778 SF)
    APN 07-19-302-010
    UPID US28-5666165

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Value estimations

    Realmo proprietary · 4 methods
    AI Approach AI
    $290k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $290k

    Owner & transaction history

    since 2006
    6 recorded transactions
    2006
    Price N/A
    2005
    $375,000
    2002
    $325,000
    1998
    Price N/A
    1969
    Price N/A
    1969
    Price N/A

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
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      Rowena Rd
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    • Value Estimation
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    • Value Estimation
      $285,000
      0.18 Acres
      665 Swan Dr
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      665 Swan Dr, Grayslake, IL 60030-1399
      View Details
    • Value Estimation by Request
      0.01 Acres
      50 Us Hwy 45
      VACANT COMMERCIAL LAND
      50 Us Hwy 45, Grayslake, IL 60030-2202
      View Details
    • Value Estimation
      $290,000
      0.35 Acres
      Us Hwy 45
      VACANT COMMERCIAL LAND
      Us Hwy 45, Grayslake, IL 60030
      View Details
    • Value Estimation
      $305,000
      5.81 Acres
      Cornerstone Pkwy
      VACANT COMMERCIAL LAND
      Cornerstone Pkwy, Grayslake, IL 60030
      View Details

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    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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