Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
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- Value Estimation
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- Location Intelligence
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- Ownership
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- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning