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37600-37824 N Cedar Lake Rd
Lake Villa, IL 60046
The Pines · Land For Sale · 80.00 AC

Investment Highlights

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

Property Facts

Sale Type Investment
Sale Conditions
1031 Exchange
  • Build to Suit
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Master Planned Community
  • Planned Unit Development
  • Single Family Development
Total Lot Size 80.00 AC
Zoning R-1, County - Ready for single family, townhome or multifamily development.

1 Lot Available

Lot

Lot Size 80.00 AC

Raw land ready for development. Wetland mitigation is approved per the attached plan, removing a key hurdle. This is Phase Two of an established and successful subdivision, offering the next opportunity to expand a proven community.

Description

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.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 06-05-401-047
  • 06-05-401-046
  • 06-05-406-004
  • 06-04-300-006
  • 06-05-401-044
  • 06-05-400-022
  • 06-05-401-045
  • 06-05-401-042
Land Assessment
$31,827
Improvements Assessment
$0
Total Assessment
$31,827
  • Listing ID: 39712922

  • Date on Market: 3/9/2026

  • Last Updated:

  • Address: 37600-37824 N Cedar Lake Rd, Lake Villa, IL 60046

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