Exceptional 33.92-acre land development opportunity in the northwest suburban growth corridor. The property offers approximately 910 feet of frontage along IL Route 22 with an estimated 12 acres of upland/buildable area. Currently zoned Open Space (OS) in unincorporated Lake County, the site is identified within the Village of Lake Zurich Comprehensive Plan as a strategic redevelopment opportunity with potential for annexation and Planned Unit Development (PUD) approval. Ideal for residential, conservation subdivision, townhome, mixed-use or other development concepts subject to municipal approvals. Excellent access to Route 22, Rand Road (US-12), shopping, schools and surrounding residential communities. Buyer to perform its own due diligence regarding zoning, annexation, wetlands and development feasibility.
Active
Street View
$2,500,000
24840 W State Route 22, Lake Zurich, IL 60047
--beds
--baths
--sqft
Unimproved Land
Built in ----
-- sqft lot
$2,382,000 Zestimate®
$--/sqft
$-- HOA
What's special
- 8 days |
- 41 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Aaron Giles 847-226-7860,
33 Realty
Source: MRED as distributed by MLS GRID,MLS#: 12704751
Facts & features
Property
Features
- Frontage length: 910
Lot
- Dimensions: 910 x Irregular
Details
- Additional parcels included: 14191000060000
- Parcel number: 14191000080000
- Special conditions: None
Utilities & green energy
- Utilities for property: Electric to Site, Natural Gas Nearby, Sewer Nearby
Community & HOA
Location
- Region: Lake Zurich
Financial & listing details
- Tax assessed value: $838,536
- Annual tax amount: $20,217
- Date on market: 7/14/2026
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
$2,382,000
$2.26M - $2.50M
$5,230/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Listed for sale | $2,500,000 |
Source:  MRED as distributed by MLS GRID #12704751 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $19,840 +3.2% | $291,809 +4.4% |
| 2023 | $19,230 +46.9% | $279,484 +6.4% |
| 2022 | $13,093 +3.2% | $262,780 +47.6% |
| 2021 | $12,686 +1.9% | $178,038 +2.6% |
| 2020 | $12,445 +1.5% | $173,476 +0.9% |
| 2019 | $12,260 +3.7% | $171,963 +1.4% |
| 2018 | $11,819 | $169,582 +1.2% |
| 2017 | $11,819 +2.6% | $167,538 +3.3% |
| 2016 | $11,521 -5.5% | $162,233 +5% |
| 2015 | $12,185 +0.8% | $154,522 -1.6% |
| 2014 | $12,084 -16.2% | $157,019 -31.9% |
| 2010 | $14,424 +4.1% | $230,679 -4% |
| 2009 | $13,850 +2.4% | $240,291 +2.1% |
| 2008 | $13,520 +61.4% | $235,418 +2.5% |
| 2006 | $8,379 -29.8% | $229,788 |
| 2005 | $11,934 -4.5% | -- |
| 2004 | $12,492 +1.4% | -- |
| 2003 | $12,322 +6.9% | -- |
| 2002 | $11,525 | -- |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 60047
Nearby schools
GreatSchools rating
- 10/10Seth Paine Elementary SchoolGrades: K-5Distance: 1.6 mi
- 8/10Lake Zurich Middle - N CampusGrades: 6-8Distance: 2.6 mi
- 8/10Lake Zurich High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- District: 95
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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