3109 Belvidere Rd, Park City, IL 60085
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.