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    Property profile & analytics
    OFF-MARKET Estimated value $5,890,000
    Commercial land

    780 Park Ave, Libertyville, IL 60048-2907

    0.64 ac lot
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US28-4810802
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.64 ac (27,765 SF)
    APN 11-22-101-014
    UPID US28-4810802
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $5.95M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $5.89M
    Owner & transaction history
    Lynch Properties II LLC · 3 yrs held
    Lynch Properties II LLC
    since 2022
    Last sale
    $5.8M
    2 recorded transactions
    2022
    $5.8M
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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