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    FOR LEASE
    Commercial land

    3109 Belvidere Rd, Park City, IL 60085

    1.12 ac lot
    Entity Owned 17-yr Hold Free & Clear
    Property ID
    US28-0338789
    Property summary
    AI-generated overview

    This exceptional 48,787 square-foot commercial land parcel presents a unique investment opportunity in Park City, Illinois. Located at 3109 Belvidere Road, this property boasts excellent visibility and accessibility on a busy thoroughfare with 28,000 vehicles passing daily (VPD). Its strategic location offers a dedicated turn lane and convenient access to public transportation, situated directly at a PACE bus stop. The property benefits from its prime position across from a Burger King, between a Wendy's and a Shell gas station, ensuring high foot traffic and brand recognition. Furthermore, its proximity to major roadways provides easy access to both Highway 41 and I-94, enhancing its appeal to a wide range of businesses. The property is only 2.5 miles from Downtown Waukegan and its picturesque lakefront, offering employees and customers convenient access to amenities and recreational activities. This site is ideal for ground lease or build-to-suit development, catering to a variety of commercial ventures. The property is situated in Lake County, Illinois, with a zip code of 60085. This is a rare chance to acquire a highly visible and strategically located commercial land parcel in a thriving area.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.12 ac (48,787 SF)
    APN 08-30-303-003
    UPID US28-0338789
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Park City Park Invs LLC · 17 yrs held
    Park City Park Invs LLC
    since 2009
    4 recorded transactions
    2009
    2004
    2002
    $470,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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