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$999,500
Est. payment /mo
5.88 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12419451
Annual Tax Amount $9,258
Tax Year 2023
Lot Size 5.880 Acres
Lot Dimensions 266 X 845
Property Sub-Type Land
Property Description
Discover the exceptional potential of 601 Lakehurst Road in Waukegan, Illinois, a rare opportunity in the heart of a burgeoning area. This opportunity encompasses close to 6 acres of undeveloped land, ideally positioned for significant development, with zoning allowing structures up to 200 feet high. The site's strategic location is a cornerstone of the Fountain Square of Waukegan entertainment and retail development, neighboring a half-billion dollar enterprise- the new American Place Casino, set to enhance the area's vibrancy by 2027. This remarkable land parcel is perfectly suited for diverse high-end commercial endeavors, including retail and restaurant spaces, shopping centers, business offices, and medical facilities. The zoning flexibility ensures you can tailor the development to meet a wide variety of business needs. The property benefits from exceptional accessibility, situated along major thoroughfares including Route 43, Route 120, Route 41, and I-94 offering unparalleled connectivity for both customers and employees. Already anchored by prominent national retailers such as Walmart and Aldi, which collectively promise to drive significant foot traffic to the area. Envision your business thriving in this dynamic landscape, where development opportunities abound and the future is bright. Connect with us to explore this prime real estate opportunity and be part of Waukegan's next wave of growth!
Location
State IL
County Lake
Zoning COMMR
Interior
Fireplace N
Exterior
Utilities Available Electricity Nearby, Natural Gas Nearby
View Y/N true
Schools
School District 60, 60, 60
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Mario Greco • Compass