24143 W Petite Lake Road Lake Villa, IL 60046
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.
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Listing Office: HomeSmart Connect LLC
Listing Office Phone: 847-495-5000
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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