Grayslake Transportation Parcel 43.5 Acres

Status:Active
County:Lake
Township:Avon Township
Address:700-798 S. Lake Street Grayslake IL 60030
Gross Land Area:43.5 Acres
 + Hectare Conversion
Property Type:Vacant Development Land
Possible Uses:Residential development & Wetland Banking
Total Investment:$1,700,000
 + Monetary Conversion
Buildings:No Buildings Included with this offering
Utilities:Available from the city of Graylake and at the site


For more information contact:

Mark Goodwin
1-815-741-22261-815-741-2226
mgoodwin@bigfarms.com
 

** For Sale **

Grayslake Transportation Parcel 43.5 Acres
+ View Brochure

Property Overview

Unique opportunity with multiple profit centers. 43.5 acres next to the Grayslake Metra Station. Potential for up to 422 mid-rise residential units on 5-9 acres.  Balance in open space and potential 33 acre wetland bank. 

  • High Density Residential Development potential
  • Extraordinary suburban Infill site
  • Wetland bank profit center potential
  • Adjacent to the proposed Rt. 83 & Rt 120 Re-alignment
  • Utilities are at the site located on Lake Street
  • Metra Station (Milwaukee North Line (MD-N) to Union Station Chicago.





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+ View Property Disclaimer and Disclosure.
 
Lake County Map

Property Map

Property Gallery

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General outline of Grayslake Transportation Parcel   
General outline of Grayslake Transportation Parcel

Location of the Residential / Buildable area of the Grayslake Transportation Parcel   
Location of the Residential / Buildable area of the Grayslake Transportation Parcel

Rt 83 & Rt 120 Proposed extension and re-alignment   
Rt 83 & Rt 120 Proposed extension and re-alignment

Location Map for the Grayslake Transportation Parcel   
Location Map for the Grayslake Transportation Parcel

Aerial of 38.5 Ac Grayslake Transportaion Parcel   
Aerial of 38.5 Ac Grayslake Transportaion Parcel

Residential Development Plan for the Grayslake Transportation Parcel   
Residential Development Plan for the Grayslake Transportation Parcel

Grayslake Metra Station Lake Street   
Grayslake Metra Station Lake Street

Survey 43.5 Acre Grayslake Transportation Parcel   
Survey 43.5 Acre Grayslake Transportation Parcel

Flood Map   
Flood Map

Tapestry Segmentation Enterprising Professionals   
Tapestry Segmentation Enterprising Professionals

Tapestry Segmentation GenXurban In Style   
Tapestry Segmentation GenXurban In Style

Executive Summary of Grayslake 1, 3, & 5 miles Page 1   
Executive Summary of Grayslake 1, 3, & 5 miles Page 1

Executive Summary of Grayslake 1, 3, & 5 miles Page 2   
Executive Summary of Grayslake 1, 3, & 5 miles Page 2

Listing Details

 

General Information

Listing Name:Grayslake Transportation Parcel 43.5 Acres
Tax ID Number/APN:Tax ID# 06-35-300-027 & 06-35-300-033
Possible Uses:Unique opportunity with several potential uses.
Approved for a 33 acre wetland bank. The wetland bank is a potential profit center. The wetland bank also provides a long term open space amenity for the future high density residential development. The open space can be donated to a conservation entity as a charitable contribution to shelter profits from this project.
Zoning:Per 1986 Heartland Settlement Agreement:
Allows PD approval of calculated density of 422 midrise dwelling units
Requires approval of Planned Unit Development Application
Grayslake’s Lake St existing sewer/water can serve 300 DUs (2006)
Sale Terms:Cash is preferred, but any creative ideas will be considered.
 

Area & Location

School District:Community consolidated School District 46
Grayslake Community High School District 127
Market Type:Suburban Chicago Market Infill Site.
Location Description:The Grayslake community or area profile has two dominant tapestry groups. Enterprising Professionals (60.4%) and In Style (37.4%). An explanation of these groups is included with this brochure. An executive summary provided by Esri of the 1, 3, & 5 mile radii is also included. In general terms this is a younger and more affluent population than the average US household.
Site Description:The site is primarily open space and farmland. It is adjacent to the Metra Milwaukee North line, and future Rt 53 extension through Lake County.
Highway Access:I-94 is approximately 6 miles from this parcel.
The Proposed Rt 83/120 re-alignment is adjacent to this parcel.
Road Type:Lake Street is Asphalt.
Largest Nearby Street:W. Belvidere road (Rt 120) is only half a mile north.
1.25 miles to Rt. 83
2.5 miles to Rt 45
Transportation:Grayslake Metra Station Metra Station (Milwaukee North Line (MD-N) to Union Station Chicago is adjacent to this parcel
Prairie Crossing Station (MD-North) Metra Station is 2.5 miles or 6 minutes.
Chicago O'Hare International Airport is 35 miles or 47 minutes.
 

Land Related

Lot Frontage (Feet):1328 feet of frontage on Lake Street
Buildings:No buildings are included with this offering.
Flood Plain or Wetlands:The parcel has several acres in a flood plain. It is approved for a future 33 acre wetland bank.
Available Utilities:Utilities are available from the village of Grayslake.
 

Financials

Real Estate Taxes:The real-estate taxes are $1,732
Investment Amount:43.5 acre Transportation parcel is being offered at $1,900,000.
 

Location

Address:700-798 Lake Street
Grayslake, IL 60030
County:Lake
MSA:Chicago-Rockford



MARK GOODWIN PROFESSIONAL BIOGRAPHY

It is difficult to find a real estate professional that specializes in Illinois Land Brokerage. Our services area includes Will County, Grundy County, Kendall County, LaSalle County, Kane County, Kankakee County, Livingston County, and Ford County. Illinois Land Brokerage is a very specialized segment of the real estate brokerage industry. Knowledgeable Land Brokers are difficult to find. Many agents can sell a farm, but how many have the experience and qualifications of Goodwin and Associates?

Mark Goodwin is a Illinois Land Broker who can advise you about your land asset. It takes an experienced Illinois Land Broker to understand how best to market your land asset or find the property that best fits the investors needs or desires. Goodwin and Associates is the Land Broker for you in Illinois. We can help you with the marketing of your farm, residential development land, industrial land and commercial land or help with the selection of farmland, commercial land, retail land, industrial land, residential development land, residential lots, industrial lots and commercial lots. We are here to help you reach your goals.

Mark Goodwin Illinois Land Broker
For more information about property for sale in Grayslake, Illinois (Avon Township Township, Lake County) contact:

Mark Goodwin - Illinois Land Broker
815-741-2226
mgoodwin@bigfarms.com
 

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