31615 Fairfield Rd, Grayslake, IL 60030
This exceptional 40-acre commercial land parcel presents a prime development opportunity in unincorporated Lake County, Illinois. Located at 31615 N Fairfield Rd, Grayslake, IL 60030 (APN: 10062000030000), this property boasts approximately 1,742,400 square feet with dimensions of 1360.46 x 1317.84 x 1373.14 x 1344.41 feet. The property is zoned G-O (General Office) and is suitable for office and research park uses, offering 1,360 square feet of frontage on Fairfield Road. With an IDOT traffic count of 9,650 vehicles per day, this location provides excellent visibility and accessibility. Clean EPA records are available. The property includes two wetland areas, one of 7 acres and another of 1.5 acres. A plat of survey is available for review. While currently zoned for office and research park uses, potential alternative uses such as residential subdivisions, luxury residences, conservation communities, equestrian facilities, or senior housing may require a zoning change. Interested parties should verify potential uses with Lake County. The asking price is $1,850,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.