28286 State RteLake Barrington, IL 60010

Property Details for 28286 State Rte

Lot size

15.00 AC

Property type

Residential income properties

Property subtype

Retirement homes

Description

This exceptional 15-acre parcel presents a rare development opportunity in the highly desirable Lake Barrington, Illinois. Located at 28286 W State Rte 22, this commercially zoned land boasts 469.29 linear feet of frontage on Route 22, situated at the signalized intersection of Route 22 and Kelsey Road. Its prime location offers unparalleled visibility and accessibility. The property is conveniently situated next to Advocate Good Shepherd Hospital and Stonehenge Golf Course, benefiting from the established infrastructure and affluent residential base of the area. The raw, level, and unimproved land is ideal for various commercial ventures, particularly senior housing, as indicated by the permitted zoning. This well-populated area features high-income residents, making it an attractive location for development. The property is approximately 40 miles northwest of Chicago's Loop, offering easy access to the city while enjoying the benefits of a lower Lake County tax rate. The asking price is $1,895,000. This is a truly unique opportunity to acquire a significant land holding in a prime location with exceptional potential for development and strong return on investment. The zip code is 60010, and the property is in Lake County.

Location Insight

City

Lake Barrington

County

Lake

State

Illinois

Latitude

42.196

Longitude

-88.1852

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