New Listing
24143 W Petite Lake Road,Lake Villa, IL 60046
Lake Villa, IL 60046
Description
Rare opportunity to acquire approximately 33 acres in a growing Lake Villa location with frontage along both Fairfield Road and W Petite Lake Road. Currently utilized as productive farmland, the property offers immediate agricultural income while providing a buyer with flexibility for the future. Per the Village of Lake Villa, the property is currently zoned RE-1 (Rural Estates), creating an intriguing opportunity for a potential low-density residential development with larger homesites. With substantial road frontage, an attractive setting and surrounding residential uses, this is the type of property that can appeal to investors, developers and buyers looking to hold land in the path of continued growth. Continue the existing agricultural use, explore a larger-estate residential concept, or hold the property as a long-term investment. Opportunities combining current income, acreage and potential future development are increasingly difficult to find in this part of Lake County. Property is being marketed based on its current RE-1 zoning and information obtained from the Village of Lake Villa. No representation or guarantee is made regarding the number of lots, development potential, permitted uses, availability of utilities, wetlands, soils, access, or approval of any proposed development. Buyers and their agents should independently verify all zoning, subdivision requirements, permitted uses, utilities, environmental conditions and development potential with the Village of Lake Villa, Lake County and all other applicable governmental authorities.
Details
| MLS # | 12749291 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 7 |
| Listing Provided By | HomeSmart Connect LLC | Drew Kissel |
Features
| Zoning | AGRIC |
|---|---|
| Acreage | 39.59 |
Utilities
| Utilities | Electricity Nearby |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 1654 |
Area Information
| State | IL |
|---|---|
| County | Lake |
| City | Lake Villa |
| Zip Code | 60046 |
| Area | Lake Villa | Lindenhurst |
| Listing VS Median (in 60046) | |
Price: $824,000 low | high Med: $375,000 On site: 7 low | high Med: 16 | |
Market Activity 60046
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Learn More About This Property
| State | IL |
|---|---|
| County | Lake |
| City | Lake Villa |
| Zip Code | 60046 |
| Area | Lake Villa | Lindenhurst |
| Listing VS Median (in 60046) | |
Price: $824,000 low | high Med: $375,000 On site: 7 low | high Med: 16 | |
