NOT LISTED FOR SALE

27936 W Il Route 176 Rd Island Lake, IL 60042

11.2 Acres
-- Price per Acre
487,872 Sq Ft Lot

Last Sold August 20, 2024

Last sale price $850,000

239 Days on Market

Highlights

  • 11.2 Acre Lot
  • Farm
  • Corner Lot

About This Lot

As of August 2024

11.15 Acres at Signalized Intersection Huge Price Reduction! Significant price reduction on land located at NE corner of Route 176 and Darrell Road with commercial potential. Zoned AG, but Island Lake would like to see commercial on this site across from Thornton's Gas Station and adjacent to Camping World. Excellent traffic counts. Utilities to site. Three separate parcel numbers, 600 ft. on Route 176 and 800 ft. on Darrell Road. 1/2 mile west of Route 12 and Wauconda. Owned by a church so taxes are exempt. Time to jump on this!

Last Agent to Sell the Property

Bruce Kaplan

Premier Commercial Realty License #475075614 Listed on: 09/25/2023

Last Buyer's Agent

Bruce Kaplan

Premier Commercial Realty License #475075614 Listed on: 09/25/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $111

Lot Details

  • 11.2 Acre Lot
  • Lot Dimensions are 575 x 711 x 646 x 571
  • Corner Lot
  • Additional Parcels
  • Property is zoned AGRIC

Farming

  • Farm

Utilities

  • No Cooling
  • Electricity To Lot Line
  • Gas Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$111

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agricultural
  • Road Surface Type: Asphalt
  • General Information: None
  • ResoPropertyType: Farm
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Commercial
  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 575
  • Frontage Type: Signal Intersection
  • List Price: 899000
  • Waterfront: No
  • Rail Availability: None

Utilities

  • Cooling: None
  • Utilities: Electric to Site, Gas Nearby, Sanitary Sewer, Sewer-Storm Available, Water to Site

Schools

  • Middle/Junior School District: 118

Lot Info

  • Additional Parcels Description: 09271000130000,09271000210000
  • Additional Parcels: Yes
  • Lot Size Acres: 11.2
  • Lot Dimensions: 575 X 711 X 646 X 571
  • Zoning: AGRIC
  • Lot Size: 10.0-24.99 Acres
  • Special Assessments: N
  • Estimated Land Sq Ft: 487,872
  • Land Description: Sloping
  • Total Listed Lots Avail: 3

Rental Info

  • Board Number: 20
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Year: 2022
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2023
Closed on
Aug 2, 2024
Sold by
Evangelical Free Church Of Wauconda and Life Bridge Community Church
Bought by
Areljay I Llc
Seller's Agent
Bruce Kaplan
Premier Commercial Realty
Buyer's Agent
Bruce Kaplan
Premier Commercial Realty
List Price
$899,000
Sold Price
$850,000
Premium/Discount to List
-$49,000
-5.45%
Views
51

Purchase Details

Closed on
Mar 13, 2001
Sold by
Old Kent Bank
Bought by
Evangelical Free Church Of Wauconda
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Areljay I Llc $850,000 Chicago Title
Evangelical Free Church Of Wauconda -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2024 08/20/24 Sold $850,000 -5.5% --
05/22/2024 05/22/24 Pending -- -- --
09/25/2023 09/25/23 For Sale $899,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $111 $1,382 $1,382 --
2023 $112 $1,263 $1,263 --
2022 $112 $1,156 $1,156 $0
2021 $104 $1,060 $1,060 $0
2020 $97 $972 $972 $0
2019 $82 $890 $890 $0
2018 $85 $831 $831 $0
2017 $79 $765 $765 $0
2016 $72 $694 $694 $0
2015 $70 $637 $637 $0
2014 $58 $598 $598 $0
2012 $47 $545 $545 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11893316

Midwest Real Estate Data (MRED)

APN: 09-27-100-013