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24840 W State Route 22 Lake Zurich, IL 60047 Land - Residential New

New - 26 Hours Ago
  • 24840 W State Route 22 , Lake Zurich, IL 60047 Main Photo

Description

Exceptional 33.92-acre land development opportunity in the northwest suburban growth corridor. The property offers approximately 910 feet of frontage along IL Route 22 with an estimated 12 acres of upland/buildable area. Currently zoned Open Space (OS) in unincorporated Lake County, the site is identified within the Village of Lake Zurich Comprehensive Plan as a strategic redevelopment opportunity with potential for annexation and Planned Unit Development (PUD) approval. Ideal for residential, conservation subdivision, townhome, mixed-use or other development concepts subject to municipal approvals. Excellent access to Route 22, Rand Road (US-12), shopping, schools and surrounding residential communities. Buyer to perform its own due diligence regarding zoning, annexation, wetlands and development feasibility.

Property Highlights

Property Type: Land - Residential
Total Acres: 910 x Irregular
Utilities: Electric to Site, Natural Gas Nearby, Sewer Nearby

General Information

County: Lake
Listed By:
33 Realty 773-327-4975
MRED MLS
$2,500,000
Est. $16,685/mo
New to the Market New
LOT SIZE 910 x Irregular MLS#12704751
STATUSNew PROPERTY TYPELand - Residential SCHOOLDistrict 95

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Ruhl&Ruhl Realtors
563.441.1776

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24840 W State Route 22 , Lake Zurich, IL 60047.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $2,500,000$2,500,000$2,500,000
Down Payment $87,500$0$500,000
Monthly Mortgage Amount $15,114$15,724$12,477
Taxes $3479$3479$3479
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $1,500$0$0
Monthly Estimated Total $20,822$19,932$16,685

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