780 Park AveLibertyville, IL 60048

  • Commercial land
  • 0.64 AC
For Sale
$570,000 View listing

Property Details for 780 Park Ave

Lot size
0.64 AC
Property type
Commercial land
APN
11-22-101-014
APU
1122101014

Description

This exceptional 27,765 square foot commercial land parcel is ideally situated in Libertyville, Illinois, at 780 E Park Ave, within the vibrant Park Avenue Corporate Center (APN: 11-22-101-014). Zoned I-3, this pad-ready site presents a unique opportunity for retail development. The property boasts a highly desirable location, offering excellent visibility and accessibility. Neighboring businesses include established and successful entities such as Life Storage, Auto Expo, and Green Tree Animal Hospital, ensuring a strong commercial presence in the immediate vicinity. The site's strategic placement across from Culver's and Liberty Auto City further enhances its appeal and potential for attracting a diverse customer base. The asking price is $570,000, translating to a land value of $20.53 per square foot. This represents a compelling investment opportunity in a thriving commercial area of Lake County, Illinois, with a 60048 zip code. The property's location offers easy access to major transportation routes, making it an attractive proposition for businesses seeking high visibility and convenient access for customers and employees. This is a rare chance to acquire a well-positioned commercial lot ready for immediate development.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,738,300
    Hospitality
    $5,256,252
    Educational
    $4,373,140
    Medical
    $4,523,540
    Retail
    $6,802,663

Location Insight

City
Libertyville
County
Lake
State
Illinois
Latitude
42.2825
Longitude
-87.9422
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,234
$68,084
-
$68,084
-
$204,272
-
$204,272

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