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37696 N IL Rt 59
Lake Villa, IL 60046
5.88 Acres/ 15 Parcels/Lots 33-44/ 3-OutLots · Land For Sale
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5.88 AC
Investment Highlights
- 5.88 Aces / 1,140 Feet Rd Frontage of IL Route 59/ Zoned GC/Multi-Use/Approved Engineering Plans that have been installed on property/See Attached PDF
- Acceptable progressive growth plan for the property, a mixed-use development featuring first-floor retail and second-floor residential.
- Established Amber Shores Subdivision which includes an additional 23 Acres of open space / walking paths with park & rec area, and 31 Homes completed.
Executive Summary
Regarding the progressive growth plan for the property, a multi-use development featuring first-floor retail and second-floor residential is acceptable and will not require rezoning. Lake County Planning, Building & Development have suggested scheduling a virtual early assistance meeting with the planners and engineers. To assist with site plan ideas and drawings, We have attached the approved engineering plans confirming the installed storm sewers, sanitary sewers, and fire hydrants for the Amber Shores Subdivision, and also confirming several critical factors that significantly enhance the development value of the subdivision:
- Floodplain Status: All lots and parcels are 100% outside the 100-year floodplain boundary, eliminating the need for mandatory FEMA flood insurance and allowing for standard construction with traditional basements.
- Gravity-Feed Sewer: The site can utilize gravity-feed sewer lines, removing the requirement for a costly municipal lift station or grinder pump facility and saving an estimated $60,000 to $120,000+ in upfront costs.
- Setback Confirmation: The street yard setback for the General Commercial zoning district was previously reduced from 50 feet to 30 feet, providing an additional 20 feet of buildable depth.
- Utility Access: Municipal mains are located directly on N. Route 59 and N. Amber Way, ensuring no off-site extension costs.
Over 97,000 sf density allowance.
COMMERCIAL/RETAIL/ WITH 1,140 FEET OF FRONTAGE ON ILLINOIS RT. 59 (Total of 5.88 Acres)
APPROVED ENGINEERED DRWINGS (PDF Attached) FOR THE AMBER SHORES SUBDIVISION / SHOVEL READY FOR DEVELOPMENT!
STORM AND SANITARY SEWERS ONSITE, FIVE (5) FIRE HYDRANTS INSTALLED, ALONG WITH LAKE MICHIGAN WATER AND ALL UTILITIES.
Property Facts
1 Lot Available
Lot 33-44 BC&D
| Price | $998,000 | Lot Size | 5.88 AC |
| Price Per AC | $169,727.89 |
| Price | $998,000 |
| Price Per AC | $169,727.89 |
| Lot Size | 5.88 AC |
Multi-Use Commercial/Retail/Office/ Apartment-Condo, fully improved with both Sanitary/Storm Sewers, and Fire Hydrants already installed (PDF Drawings Attached), Lake Michigan water and all utilities to site located in the Amber Shores Subdivision.
Description
5.88 Acres /12 Lots/15 Parcels/ Lot Numbers 33-44 Including Outlot "B" (PINs 05-01-209-018 through 030) plus Outlot "C" & "D" (PINs 05-012-09-008 & 05-012-09-017) Multi-Use Commercial/Retail/Office/ Apartment-Condo, fully improved with both Sanitary/Storm Sewers, and Fire Hydrants already installed (PDF Drawings Attached), Lake Michigan water and all utilities to development site located in the Amber Shores Subdivision with 1,140 Ft of road frontage on IL Route 59. On Aug 10, 2026 we met with Lake County Planning, Building & Development, regarding the progressive growth plan for the property, and confirmed that a multi-use development featuring first-floor retail and second-floor residential would be acceptable, and would not require rezoning, and then suggested scheduling a virtual early assistance meeting with the planners and engineers. To assist with site plan ideas and drawings, we have attached the engineering plans(See PDF) confirming the installed storm sewers, sanitary sewers, and fire hydrants for the Amber Shores Subdivision. We also confirmed several critical factors that significantly enhance the development value of the subdivision: - Floodplain Status: All 12 lots are 100% outside the 100-year floodplain boundary, eliminating the need for mandatory FEMA flood insurance and allowing for standard construction with traditional basements. - Gravity-Feed Sewer: The site can utilize gravity-feed sewer lines, removing the requirement for a costly municipal lift station or grinder pump facility and saving an estimated $60,000 to $120,000+ in upfront costs. - Setback Confirmation: The street yard setback for the General Commercial zoning district was previously reduced from 50 feet to 30 feet, providing an additional 20 feet of buildable depth. - Utility Access: Municipal mains are located directly on N. Grand Ave and N. Amber Way, ensuring no off-site extension costs. ZONED: General Commercial/Multi-Use/Business/Office/Retail/Apartment-Condo UTILITIES TO SITE: Yes, Including Lake Michigan Water to site. SURVEY AVAILABLE: Yes, See attached PDF which includes Topography Survey SOIL TEST AVAILABLE: Yes, Upon Request
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $30,764 | Total Assessment | $30,764 |
Property Taxes
