Property profile

24150 Gilmer Rd Long Grove, IL 60047

OFF-MARKET
Land
Property ID
US28-1589076
28 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 28 ac (1,219,680 SF)
UPID US28-1589076

Cap rate & NOI

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

Location

24150 Gilmer Rd Long Grove, IL 60047
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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