0 Lk St & Soo Line DrGrayslake, IL 60030

Property Details for 0 Lk St & Soo Line Dr

Lot size

43.50 AC

Property type

Land

Description

This exceptional 43.5-acre commercial land parcel, located in Grayslake, Illinois (zip code 60030), presents a unique development opportunity. Situated at the intersection of N Lake St & Soo Line Drive, this property is zoned NC/GI (Neighborhood Conservation/General Industry) and boasts existing entitlements with the Village of Grayslake and Lake County, permitting multi-family housing development via a planned development application. A preliminary development scheme has already been reviewed and approved by the Village, aligning with their vision for multi-family projects in the area. While wetland mitigation is necessary for a proposed 10-acre multi-unit building plan, regulatory agencies have confirmed on-site mitigation feasibility, eliminating the need for off-site credits. The property's strategic location offers convenient access to major transportation arteries, including Route 83 (7,250 vehicles/day), Route 120 (37,500 vehicles/day), and Route 137 (14,000 vehicles/day), placing it approximately 40 miles north of Chicago. Its proximity to the Grayslake Metra Station, providing daily service to Chicago's Union Station, and Grayslake Prairie Crossing, offering access to both Union Station and O'Hare Airport, further enhances its appeal. The property is within the Grayslake Central High School District and has a PIN number of 06-35-300-027 & 06-35-300-033. Annual property taxes are $2,211. This is an exceptional opportunity for developers seeking a prime location with pre-approved entitlements. Contact us for further details.

Location Insight

City

Grayslake

County

Lake

State

Illinois

Latitude

42.3326

Longitude

-88.0437

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