24150 Gilmer Rd, Long Grove, IL 60047
This exceptional 28-acre parcel in Long Grove, Illinois presents a unique opportunity for residential development. Located in Lake County at 24150 Gilmer Rd, zip code 60047 (APN 14-12-400-007), this property boasts a prime location in an affluent area known for its luxury homes, beautiful landscapes, and lakes. The land, zoned R-2, offers excellent visibility with frontage on both Gilmer Road and N. Krueger Road. Its flat to gently rolling terrain features several acres of trees, adding to its natural appeal. The site's proximity to Country Meadows Elementary School and Woodlawn Middle School is a significant advantage. Previously planned for a church complex, this large parcel is one of the few remaining in this highly desirable market. The asking price is $3,100,000. This presents a rare chance to build in a sought-after community with established infrastructure and strong demand for high-end residential properties. Don't miss this opportunity to acquire a substantial piece of land in a thriving, upscale neighborhood.
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
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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.