$798,000

24143 W Petite Lake Road, Lake Villa IL, 60046

Lot size33.59 Acres

Property typeLand

Listed by Drew Kissel with HomeSmart Connect LLC 847-344-2876

Overview

Active

Listed Sep 5, 2026

Updated 3 days ago

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.

Other Property Details

Taxes: $1,654
Tax Frequency: Annually

Listed by Drew Kissel with HomeSmart Connect LLC 847-344-2876

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Based on information submitted to the MLS GRID for MRED 10/7/2026. 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED 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. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

Data is refreshed every 3 hours. Listing last updated 6:14 AM UTC on 10/7/2026.

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