For Sale
$595,000

350 Ivanhoe Rd Grayslake, IL 60030

1.46 Acres, General Business Zoning

Overview

Added:
Dec 11, 2024
Days on market:
134
This 1.46-acre commercial land parcel, located at 350 Ivanhoe Road in Grayslake, Illinois (zip code 60030), presents a unique development opportunity. Priced at $595,000, or $12.50 per square foot, this fee simple property boasts a highly desirable General Business zoning designation. The lot, totaling 64,598 square feet, enjoys excellent visibility from Route 120 (East Belvidere Road), benefiting from a daily traffic count of 39,100 vehicles. Convenient access to Route 83 (Buckley Road) is also provided, with a documented 5-foot easement to Route 120 included in the survey. The property's strategic location places it adjacent to a thriving commercial area, including prominent businesses such as Starbucks, Sammies, and a large shopping center anchored by Jewel-Osco, along with other national retailers. Nearby fuel stations further enhance the site's accessibility and appeal. While currently featuring a small home, the property's zoning allows for the development of non-industrial office or retail spaces. The property's APN is 06-35-200-031, and the 2017 tax bill amounted to $22,137. This prime location and flexible zoning make this an exceptional investment for commercial development.

Highlights

  • $595,000 asking price for 1.46 acres of commercial land.
  • Located at 350 Ivanhoe Rd, Grayslake, IL 60030.
  • General Business zoning, ideal for office or retail development.
  • 1.46-acre lot (64,598 sq ft) with a land value of $12.50/sq ft.
  • High visibility from Route 120 (East Belvidere Road), with daily traffic counts of 39,100.
  • Excellent location near Starbucks, Sammies, and a major shopping center including Jewel-Osco.

Property Details for 350 Ivanhoe Rd

Property type
Land
Lot Size (sq. ft)
63,598 SF

Location Insight

City
Grayslake
County
Lake
State
Illinois
Latitude
42.3357819
Longitude
-88.0293729

FAQs

What type of property is this?
Land - 1.46 Acres, General Business Zoning
Where is the land located?
The property is located at 350 Ivanhoe Rd Grayslake, IL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: $595,000 asking price for 1.46 acres of commercial land.; Located at 350 Ivanhoe Rd, Grayslake, IL 60030.; General Business zoning, ideal for office or retail development.
How can I contact the broker?
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350 Ivanhoe Rd
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