Property Listing No Longer Available for Sale

NE Corner of Lake Cook Rd. and Rt. 53

Long Grove, IL

Land for Sale - $5,600,000 - 14.2 acres


Property Info

CIMLS#133523
Location
  NE Corner of Lake Cook Rd. and Rt. 53
  Long Grove IL 60047
UpdatedJune 24th, 2011
TypeLand
Price$5,600,000
Land14.2 acres

Property Description

14.2 acre site annexed and zoned in Long Grove, IL. This property is the site of the former Geimer Greenhouse. Good traffic counts and demographics. Site allows up to 100,000 sf of GLA. FAR is .16. Seven outlots were approved for this site, but the site is a PUD and the Village is flexible with proposed uses through the Special Use Permit as per the PUD ordinance provided upon inquiry. The entire site with/without the existing buildings (+/- 30,000 sf) with 5 greenhouses could be utilized for one user or the site could be subdivided for the approved plan.

The PUD ordinance allows the following uses: All uses permitted in the B-1, B-2, O and OR Office District, and medical office buildings. The following uses are allowed but are subject to a Special Use Permit(SUP): restaurants with/without bars, garden specialty stores, hotels, auto dealers, theaters, banks, senior housing, daycare centers, animal clinics, grocery stores, and other uses. There are some restrictions in the ordinance which is included as part of a full information package available upon request.

Located just north of the Menards at the former Geimer Greenhouse site, this site is a great location for anyone that wants to start or re-locate a business in this area. Located in Lake County, this property provides a HUGE property tax advantage and sales tax advantage (7% vs. 9.5%) over uses located in Cook County just south of Lake-Cook Rd. Directions to the site from the south: take the Rt. 53 expressway north to Lake Cook Rd. Turn right(north) at the first traffic light. The site is just north of Menard's on the east (right) side of Rt. 53.

Location Description:

Located just north of the Menards at the former Geimer Greenhouse site, this site is a great location for anyone that wants to start or re-locate a business in this area. Located in Lake County, this property provides a HUGE property tax advantage and sales tax advantage (7% vs. 9.5%) over uses located in Cook County just south of Lake-Cook Rd. Directions to the site from the south: take the Rt. 53 expressway north to Lake Cook Rd. Turn right (north) at the first traffic light. The site is just north of Menard's on the east (right) side of Rt. 53.

Highlights:

>> Excellent and convenient location at Rt. 53 and Lake Cook Rd.

>> Enjoys much lower Lake Co. Property(chart available) and Sales taxes (7% vs 9.5%)

>> Adjacent to the gateway to many Northwest suburbs (Lake-Cook Rd.)

>> Flexible uses allowed (see PUD Ordinance available upon request)

>> Only 16 miles from O'Hare International Airport

>> Only 29 miles from Downtown Chicago

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Financials

Sales Info:

>> Commision split: 2.5%


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