Log In/Sign Up
Your email has been sent.
Build the Next Phase | Amber Shores Community 37696 N IL Rt 59 5.88 Acres of Commercial Land Online Auction Sale Lake Villa, IL 60046
Matterport 3D Tour
Investment Highlights
- 5.88-acre mixed-use site with 1,140 feet of Route 59 frontage, installed utilities, and no rezoning required, for a shovel-ready opportunity.
- Entitled development site with surrounding, established residential momentum, and a clear path to robust return on investment.
- Chicago's diversified economy, Fortune 500 presence, and unmatched transportation network create demand for mixed-use commercial development.
- Located within the established Amber Shores community, surrounded by completed homes, open space, and planned mixed-use growth opportunities.
- 5-mile demographics indicate a growing population of 115,573 with an affluent average household income exceeding $113,500.
Executive Summary
37696 North Illinois Route 59 presents a development-ready land opportunity within the established Amber Shores Subdivision in Lake Villa.
The 5.88-acre site combines General Commercial zoning, mixed-use flexibility, and 1,140 feet of frontage along Illinois Route 59, positioning commercial developers to pursue retail, office, apartment, condominium, or mixed-use concepts. An allowance exceeding 97,000 square feet further supports a project with meaningful scale.
Substantial infrastructure is already in place, reducing the work typically associated with raw land development. Lake Michigan water and all utilities extend to the site, while sanitary and storm sewers and fire hydrants have been installed and are documented in the included engineering plans. The site can also use gravity-feed sewer lines, eliminating the need for a municipal lift station or grinder pump facility and potentially avoiding an estimated $60,000 to $120,000 or more in upfront costs. Its slightly sloping, generally rectangular configuration provides a practical foundation for site planning.
The property is part of Amber Shores, an established subdivision with 31 completed homes and approximately 23 acres of open space, walking paths, and park and recreation areas. Nine of the subdivision’s 11 commercial and retail lots front Illinois Route 59, creating a visible setting for future commercial activity. All lots and parcels are outside the 100-year floodplain boundary, supporting conventional construction options without mandatory FEMA flood insurance.
A progressive growth concept featuring first-floor retail and second-floor residential was confirmed as acceptable by Lake County Planning, Building, and Development without rezoning. Combining in-place infrastructure, broad development optionality, prominent roadway frontage, and an established residential setting, 37696 North Illinois Route 59 offers developers a more direct path from planning to vertical construction.
The 5.88-acre site combines General Commercial zoning, mixed-use flexibility, and 1,140 feet of frontage along Illinois Route 59, positioning commercial developers to pursue retail, office, apartment, condominium, or mixed-use concepts. An allowance exceeding 97,000 square feet further supports a project with meaningful scale.
Substantial infrastructure is already in place, reducing the work typically associated with raw land development. Lake Michigan water and all utilities extend to the site, while sanitary and storm sewers and fire hydrants have been installed and are documented in the included engineering plans. The site can also use gravity-feed sewer lines, eliminating the need for a municipal lift station or grinder pump facility and potentially avoiding an estimated $60,000 to $120,000 or more in upfront costs. Its slightly sloping, generally rectangular configuration provides a practical foundation for site planning.
The property is part of Amber Shores, an established subdivision with 31 completed homes and approximately 23 acres of open space, walking paths, and park and recreation areas. Nine of the subdivision’s 11 commercial and retail lots front Illinois Route 59, creating a visible setting for future commercial activity. All lots and parcels are outside the 100-year floodplain boundary, supporting conventional construction options without mandatory FEMA flood insurance.
A progressive growth concept featuring first-floor retail and second-floor residential was confirmed as acceptable by Lake County Planning, Building, and Development without rezoning. Combining in-place infrastructure, broad development optionality, prominent roadway frontage, and an established residential setting, 37696 North Illinois Route 59 offers developers a more direct path from planning to vertical construction.
Matterport 3D Tour
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Data Room Click Here to Access
- Operating and Financial Statements
- Purchase Agreement
- Market Information
Property Facts
| Property Type | Land | Total Lot Size | 5.88 AC |
| Property Subtype | Commercial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Zoning | GC/MIX-USE/Apartmnt-Condo - Multi-Use Commercial/Retail/Office/ Apartment-Condo, with Sanitary/Storm Sewers, and Fire Hydrants already installed | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 5.88 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | GC/MIX-USE/Apartmnt-Condo - Multi-Use Commercial/Retail/Office/ Apartment-Condo, with Sanitary/Storm Sewers, and Fire Hydrants already installed |
1 Lot Available
Lot 33-44 BC&D
| Lot Size | 5.88 AC | Parcel Numbers | 05-01-209-008, 05-01-209-017, 05-01-209-018, 05-01-209-019, 05-01-209-020, 05-01-209-021, 05-01-209-022, 05-01-209-023, 05-01-209-024, 05-01-209-025, 05-01-209-026, 05-01-209-027, 05-01-209-028, 05-01-209-029, 05-01-209-030 |
| Lot Size | 5.88 AC |
| Parcel Numbers | 05-01-209-008, 05-01-209-017, 05-01-209-018, 05-01-209-019, 05-01-209-020, 05-01-209-021, 05-01-209-022, 05-01-209-023, 05-01-209-024, 05-01-209-025, 05-01-209-026, 05-01-209-027, 05-01-209-028, 05-01-209-029, 05-01-209-030 |
Not walkable
10/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Sale Advisor
Sale Advisor
Kenneth Eichelberger, President & CEO
Prior to purchasing the J. C. Forney Real Estate Company in 2006, he served as Vice President of Marketing with the Kakenmaster Real Estate Brokerage firm. Previously he held numerous managerial positions within the AT&T Corporation developing real estate leases and managing real estate throughout the ten Midwestern states. He also managed real estate for Illinois Bell prior to the divestiture of the Bell System. Ken has extensive experience in leasing and sales of commercial, retail and industrial properties.
Ken has a large network of contacts having served on numerous boards and was President of the Board of Education at Libertyville High School for over fifteen years.
Ken has a large network of contacts having served on numerous boards and was President of the Board of Education at Libertyville High School for over fifteen years.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Kevin Loudy
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 478027045
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Build the Next Phase | Amber Shores Community | 37696 N IL Rt 59
Presented by
Build the Next Phase | Amber Shores Community | 37696 N IL Rt 59
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.