2700 Lk Cook Rd, Riverwoods, IL 60015-3867

This exceptional 46.27-acre site at 2700 Lake Cook Road in Riverwoods, Illinois, presents a rare redevelopment opportunity on Chicago's North Shore. The property boasts a 196,000 square foot, Class A building constructed in 1986, currently vacant, situated on a single two-story building. Its prime location offers unparalleled visibility and accessibility, benefiting from a full 4-way interchange at Lake Cook Road, with a daily traffic count of 46,900 vehicles. Proximity to I-294 (with a daily traffic count of 114,800) further enhances its strategic advantage. The property is zoned for Office & Research One, allowing for diverse redevelopment options. Potential projects include single-family homes, townhomes, multifamily buildings, senior housing, hotels, sports, and entertainment venues. The surrounding area exhibits strong demographics, with a median household income of $114,864 and a median home value of $437,250 within a 3-mile radius. The property's APN is 15-36-400-037. This is a non-divisible site, offering a unique chance to develop a significant project in a thriving suburban market. The property is classified as Multifamily, Office, Mixed Use, and Land, suitable for redevelopment projects. This is a truly exceptional opportunity for investors seeking a large-scale development project in a high-demand location. The property's size and zoning provide significant flexibility for a wide range of development concepts.