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    1213 Grand Ave Waukegan, IL 60085

    Sponsored
    For Sale
    $559,000

    Land - Waukegan, IL

    Days on Market:
    139
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 1213 Grand Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    08202090460000

    Building Details

    Architectural style
    Other

    Coldwell Banker Leader Realty (312) 513-4490 [email protected]

    Listing agent Mark Ahmad (773) 465-4200 License #471007186

    Listing date Aug 20, 2025

    MLS# 12451505 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waukegan Land Development Opportunity

    This Waukegan property offers a prime development opportunity with approximately 65,000 square feet of vacant land. The site features 142 feet of frontage on Grand Avenue and is strategically located at the intersection of Grand Avenue and Pine Street. Zoned B-2 and B-3, the property allows for a wide range of commercial development possibilities. Situated in a well-populated residential and commercial district, the location provides close proximity to national retailers such as Dunkin' Donuts and McDonald's. The property is just minutes from Sheridan Road, the lakefront, and Downtown Waukegan. It is adjacent to the Robert McClory Bike Path, steps to public transportation, and offers easy access to major roads and interstates. The site is suitable for retail, mixed-use development, office, or service-oriented businesses looking to establish a presence in a growing area. The location benefits from steady foot and vehicle traffic and a strong surrounding community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8465644
    Latitude
    42.3684514

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial land for development in a vibrant Waukegan location.
    Where is this commercial land located?
    The property is located at 1213 Grand Ave Waukegan, IL.
    What is the asking price?
    The asking price for this property is $559,000.
    What are key features of this property?
    This property features: - Prime development opportunity: 65,000 sq. ft. of vacant land with 142 feet of frontage on Grand Avenue.; - Strategic location at the intersection of Grand Ave. and Pine St. offers high visibility and accessibility.; - Zoned B-2 and B-3, offering a wide range of commercial development possibilities.
    (773) 983-1553
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    1213 Grand Ave Waukegan, IL 60085
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    Waukegan, IL 60085
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1213 Grand Ave Waukegan, IL 60085
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