Property profile

31615 Fairfield Rd Grayslake, IL 60030

OFF-MARKET
Commercial land
Property ID
US28-2031530
40 ac lot
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 40 ac (1,742,400 SF)
APN 10-06-200-003
UPID US28-2031530

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

31615 Fairfield Rd Grayslake, IL 60030
Grayslake metro Census 864110 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.50M

Owner & transaction history

since 2016
Last sale
$1.5M
7 recorded transactions
2016
Price N/A
1998
$600,000
1998
$550,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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