2700 Lake Cook RdRiverwoods, IL 60015

Property Details for 2700 Lake Cook Rd

Lot size

46.27 AC

Property type

Other commercial real estate

APN

15-36-400-037

APU

1536400037

Description

This exceptional 46.27-acre site at 2700 Lake Cook Road in Riverwoods, Illinois, presents a rare redevelopment opportunity on Chicago's North Shore. The property boasts a 196,000 square foot, Class A building constructed in 1986, currently vacant, situated on a single two-story building. Its prime location offers unparalleled visibility and accessibility, benefiting from a full 4-way interchange at Lake Cook Road, with a daily traffic count of 46,900 vehicles. Proximity to I-294 (with a daily traffic count of 114,800) further enhances its strategic advantage. The property is zoned for Office & Research One, allowing for diverse redevelopment options. Potential projects include single-family homes, townhomes, multifamily buildings, senior housing, hotels, sports, and entertainment venues. The surrounding area exhibits strong demographics, with a median household income of $114,864 and a median home value of $437,250 within a 3-mile radius. The property's APN is 15-36-400-037. This is a non-divisible site, offering a unique chance to develop a significant project in a thriving suburban market. The property is classified as Multifamily, Office, Mixed Use, and Land, suitable for redevelopment projects. This is a truly exceptional opportunity for investors seeking a large-scale development project in a high-demand location. The property's size and zoning provide significant flexibility for a wide range of development concepts.

• Alternative Use

  Use

  Valuation

  Residential

  $416,555,584

  Hospitality

  $381,562,656

  Educational

  $317,455,648

  Medical

  $328,373,440

  Retail

  $493,819,904

Location Insight

City

Riverwoods

County

Lake

State

Illinois

Latitude

42.1554

Longitude

-87.8947

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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