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    FOR SALE
    Commercial real estate

    24150 Gilmer Rd, Long Grove, IL 60047

    28 ac lot
    Property ID
    US28-1589076
    24150 Gilmer Rd, Long Grove, IL 60047 For Sale
    $3,100,000
    24150 Gilmer Rd, Long Grove, IL 60047
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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 Commercial real estate
    Lot 28 ac (1,219,680 SF)
    APN 14-12-400-007
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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