37600-37824 N Cedar Lake Rd - Residential LAND FOR SALE


Lake Villa, IL 60046 3,484,800 SF
$4,400,000 USD
847-778-9519
37600-37824 N Cedar Lake Rd, Lake Villa, IL for Sale
$4,400,000 USD
Residential LAND - FOR SALE
1/10
3,484,800 SF

37600-37824 N Cedar Lake Rd
Lake Villa, IL 60046


HIGHLIGHTS

  • Ready for Single Family, Townhome, 55+ development
  • Utilities close to development site
  • Six Builder ready lots for models or spec

OVERVIEW

Lovinger Partners - Baird & Warner Real Estate is proud to offer this exceptional development opportunity in Lake Villa, IL. The Pines Subdivision is ready for its next phase. With wetland mitigation fully completed, a portion of the groundwork has already been done—allowing a developer to move forward efficiently with future construction. The offering includes a 64-acre back parcel that has received preliminary approval for up to 120 residential units as part of the continued build-out of The Pines. While the current concept supports traditional residential development, the Village of Lake Villa has expressed favorable interest in alternative concepts, including a 55+ active adult or retirement community, offering flexibility for a buyer to re-envision the project to meet market demand. Phase 1 of the subdivision is already established and includes six shovel-ready lots, ideal for model homes or spec builds that can help jumpstart marketing and offset early development costs. Located in an area experiencing a strong demand for new housing, this property represents a rare chance to step into an entitled and infrastructure-ready development within a growing Lake County community. With approvals underway, mitigation completed, and flexible development potential, The Pines Subdivision is positioned for immediate continuation by the next developer.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/ACRE

$55,000/AC

PRICE/SF

$1 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

The Pines

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Senior, Apartment Units - Subsdzd, Master Planned Community, Planned Unit Development, Single Family Development

LAND ACRES

80 AC

LAND SF

3,484,800 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Cable, Telephone

ZONING

R-1, County

APN/PARCEL ID

06-04-300-006,06-05-400-022,06-05-401-042,06-05-401-044,06-05-401-045,06-05-401-046,06-05-401-047,06-05-406-001,06-05-406-004

ASK ABOUT THIS PROPERTY

Benjamin LovingerBaird & WarnerMore Info
847-778-9519

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Benjamin LovingerBaird & WarnerMore Info
847-778-9519

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.