27419 Molidor Rd Volo, IL 60041
- Commercial real estate
- 4.34 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 27419 Molidor Rd
- Lot size
- 4.34 lot acres
- Property type
- Commercial real estate
- APN
- 05 - 27 - 400 - 018
Description
Exceptional commercial land opportunity in Volo, Illinois, encompassing 4.34 acres at a signalized intersection boasting over 25,000 vehicles daily. This B-3 zoned property presents significant potential for various commercial ventures or multi-family development, as evidenced by a nearby 24-acre site currently under contract for multi-family construction. The property features approximate frontages of 235 feet on Route 12 and 621 feet on Molidor Road (APN: 05-27-400-018). Currently, a house and barn are on the site, generating a short-term rental income of $2,550 per month. Volo's expressed interest in retail and multi-family development makes this a prime location. Pricing is flexible and depends on the intended use: $8 per square foot for commercial development or $12,000 per unit for multi-family. This is a rare opportunity to acquire a high-visibility corner lot in a growing area. The property's strategic location and high traffic volume make it an ideal investment for developers seeking a prime location in Lake County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Volo
- County
- Lake
- State
- Illinois
- Longitude
- -88.1674592
- Latitude
- 42.3438317
