780 Park Ave, Libertyville, IL 60048-2907
This exceptional 27,765 square foot commercial land parcel is ideally situated in Libertyville, Illinois, at 780 E Park Ave, within the vibrant Park Avenue Corporate Center (APN: 11-22-101-014). Zoned I-3, this pad-ready site presents a unique opportunity for retail development. The property boasts a highly desirable location, offering excellent visibility and accessibility. Neighboring businesses include established and successful entities such as Life Storage, Auto Expo, and Green Tree Animal Hospital, ensuring a strong commercial presence in the immediate vicinity. The site's strategic placement across from Culver's and Liberty Auto City further enhances its appeal and potential for attracting a diverse customer base. The asking price is $570,000, translating to a land value of $20.53 per square foot. This represents a compelling investment opportunity in a thriving commercial area of Lake County, Illinois, with a 60048 zip code. The property's location offers easy access to major transportation routes, making it an attractive proposition for businesses seeking high visibility and convenient access for customers and employees. This is a rare chance to acquire a well-positioned commercial lot ready for immediate development.
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.