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$799,000
Est. payment /mo
5 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12566039
Annual Tax Amount $10,231,060
Tax Year 2023
Lot Size 5.000 Acres
Lot Dimensions 217800
Property Sub-Type Land
Property Description
Exceptional 5-acre vacant lot in a prime, high-visibility location with fantastic frontage and direct access to Route 83, as well as immediate proximity to the Rt 83/Rt 60 intersection-offering outstanding exposure and convenience for future development. Zoned Residential, or C1-C4 Commercial per Ordinance No. 0-25-04-20 (approved 4/14/2025), this property presents a rare opportunity for commercial or mixed-use development in a rapidly growing area surrounded by established residential neighborhoods and active commercial corridors. The parcel includes two PINs (10-23-100-004 & 10-23-100-005), and an access road is already in place on the site. Soil testing has been completed and approved, streamlining the development process. This location is ideal for a wide variety of commercial uses and is perfectly positioned to capitalize on steady traffic flow and surrounding community demand.
Location
State IL
County Lake
Area Ivanhoe / Mundelein
Zoning COMMR
Interior
Fireplace N
Exterior
Utilities Available Electricity Nearby, Electric to Site, Natural Gas Nearby, Natural Gas Available, Sewer Nearby, Sewer Connected, Water Available
Building
Dwelling Type Land
Schools
School District 79 , 79, 120
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Corey Barker of Keller Williams North Shore West
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Jay English
Licensed Broker & Investor | License ID: 475.212444
Licensed Broker & Investor License ID: 475.212444