Address
27901 N GILMER Road Mundelein, IL
Price
$ 130,000
Property Attributes
  • MLS#11142780
  • TypePending
  • CountyLAKE
  • CityMundelein
  • AreaIvanhoe - Mundelein
  • Zip60060
  • StyleAgricultural
  • Taxes$ 855
  • Price$ 130,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size25.24 Acres
Listing Provided Courtesy Of:
Fine and Company LLC
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

COMMERCIAL/RETAIL DEVELOPMENT OPPORTUNITY - TO BE SOLD AT AUCTION SUBJECT TO A MINIMUM BID OF $130,000 FOR "TRACT B" A TOTAL OF 18.4 ACRES. TRACT B IS LOCATED AT THE NORTHEAST CORNER OF HWY 176 & GILMER RD. THE TOTAL OFFERING IS 41 ACRES IN FOUR TRACTS. THESE PROPERTIES ARE INCLUDED IN THE HAWTHORN WOODS MASTER PLAN. THE VILLAGE IS SEEKING COMMERCIAL/RETAIL DEVELOPMENT AT THE SIGNALIZED INTERSECTION OF HWY 176 AND GILMER ROAD, TOGETHER WITH SINGLE-FAMILY DEVELOPMENT NORTH. THE OPPORTUNITY IS NOW TO OWN THREE OF THE FOUR CORNERS OF THE HWY 176 AND GILMER ROAD SIGNALIZED INTERSECTION. THE CONTINUOUSLY ESCALATING TRAFFIC COUNTS AND OVER 1700 FT OF FRONTAGE MAKE THIS AN IDEAL COMMERCIAL / RETAIL LOCATION. BID FOR ONE, OR BOTH TRACTS. SURROUNDED BY LUXURY HOMES (DEL WEBB, IVANHOE).

Price History
7/2/2021 Listed $485,000
8/15/2021 74% - $130,000

General Features

Additional Parcels Y/N Yes
City Mundelein
County Lake
Current Use Agricultural
Days on Market 117
Directions RT 176 & 45 W2 CORNER OF 176 & GILMER
Elementary School District 79
High School District 120
MLS Area Ivanhoe / Mundelein
Middle/Junior School District 79
Ownership Fee Simple
Possession Closing, Tenant's Rights, Harvest Rights
Possible Use Commercial, Single Family, Retail, Zoning Change Required
Property Type Land
Property Type Farm
Standard Status Pending
Status Pending
Street Name GILMER
Tax Annual Amount 855
Tax Year 2020
Township Fremont
Utilities Electric Nearby, Gas Nearby, Sanitary Sewer, Water Nearby
Zoning AGRIC

Interior Features

Street Suffix Road

Exterior Features

Buyerofficefax (312) 268-1110
Frontage Length 2000
Frontage Type County Road, State Road, Township Road
Lot Dimensions 25 ACRES
Lot Size Acres 25.24
Road Surface Type Asphalt
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 60060

Price
AVG $390K
$130K
Taxes
AVG $6,933
$855
Visits
AVG 22
14
Walkscore
AVG 26
5
Data Provided by Walkscore ® not using MLS data

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