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    40300 N Green Bay Rd Beach Park, IL 60099

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    For Sale
    Contact for pricing

    Prime Beach Park site zoned for residential and commercial development.

    Property size:
    153 SF
    Lot size:
    153.00 Acres

    Property Features for 40300 N Green Bay Rd

    General Information

    Size
    153 SF
    Lot size
    153.00 Acres

    Source: David Coupe Agent David Coupe

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    153 Acre Development Opportunity

    This 153-acre property in Beach Park offers a development opportunity. The site consists of five parcels zoned R-2/PD and B-1 on Green Bay Road, allowing for both residential and commercial development. The location resides within an existing TIF District. Potential development scenarios include residential, senior housing, medical office, retail, and multi-tenant industrial. The property is located between Waukegan and the Wisconsin border, in an area with a demand for residential units due to economic expansion within a 15-minute drive. The North Lake County Market provides opportunities for residential and retail developers. The area is near shopping destinations and commercial hubs. The location is near healthcare and pharma companies such as AbbVie and Abbott, as well as several hospitals. It is also near the Great Lakes Naval Station, manufacturing and industrial operations, retail and tourism destinations like Gurnee Mills and Six Flags, the College of Lake County, and transportation and logistics infrastructure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Hair Salon Gym & Fitness Accounting Firm Garden Center Electrical Service Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Beach Park
    County
    Lake
    State
    Illinois
    Longitude
    -87.8806215
    Latitude
    42.4471711

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    FAQs

    What type of property is this?
    Land - Prime Beach Park site zoned for residential and commercial development.
    Where is this land located?
    The property is located at 40300 N Green Bay Rd Beach Park, IL.
    What are key features of this property?
    This property features: - 153-acre site ideal for mixed residential and commercial development with R-2/PD and B-1 zoning.; - Located within an existing TIF District.; - Surrounded by massive generational economic development with immediate unmet demand for residential and senior housing.
    (847) 812-8414
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    40300 N Green Bay Rd Beach Park, IL 60099
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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
    40300 N Green Bay Rd Beach Park, IL 60099
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