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$ 2,999,999
Est. payment | /mo
7.44 Acres Lot
$ 2,999,999
Est. payment | /mo
7.44 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12618820
Annual Tax Amount $35,383
Tax Year 2024
Lot Size 7.440 Acres
Lot Dimensions 1026 X 366
Property Sub-Type Land
Property Description
The hard corner of US Highway 45 and East Grand Avenue (Route 132) is one of the last developable, build-ready commercial parcels on this corridor - 7.44 acres, CB-zoned, utilities to the site, and approximately 15,000 vehicles per day at a lighted intersection. This is not a speculative location. Two residential projects are already delivering rooftops directly to this trade area: a 70-unit luxury townhome complex immediately to the west and a 55+ community now under construction. Average household incomes within the immediate trade area exceeds Lake County average. The demand infrastructure is already in place. The site is flat, fully served (sewer, water, electric, gas), and zoned Community Business - a classification that accommodates quick-serve restaurants, medical and professional office, convenience retail, multi-tenant strip development, and drive-through uses without variance. The seller is actively open to parcel division, build-to-suit lease structures, or joint venture arrangements. This is a rare opportunity to control the corner - and shape what gets built on it.
Location
State IL
County Lake
Area Lake Villa / Lindenhurst
Interior
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Water Available
Building
Dwelling Type Land
Schools
School District 24 , 24, 117
Others
Ownership Fee Simple
Special Listing Condition None

© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Anna Linscheid of Keller Williams North Shore West
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION

Michael Bempah
Broker License ID: 475.175881
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