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Property profile & analytics
FOR SALE
Commercial land

1213 Grand Ave Waukegan, IL 60085

1.5 ac lot
Individually Owned 23-yr Hold ~ Est. High Equity
Property ID
US28-0339902
Property summary
AI-generated overview

This exceptional 1.63-acre commercial land parcel, located at 1213 Grand Avenue in Waukegan, Illinois, presents a unique development opportunity. Boasting 65,340 square feet and 142 feet of frontage on Grand Avenue, this property benefits from flexible C-1 zoning, allowing for a wide range of commercial uses. Its strategic location at the intersection of Grand Avenue and Pine Street places it within a thriving area, surrounded by established residential and commercial districts. Nearby amenities include Dunkin' Donuts, McDonald's, and numerous other retailers, ensuring high visibility and convenient access for potential businesses. The property's proximity to Lake Michigan's Sheridan Road, Waukegan's downtown area, the Robert McClory Bike Path, and public transportation further enhances its appeal. Easy access to major roads and interstates provides excellent connectivity. A plat of survey is available. Low annual real estate taxes of $2,118 contribute to the property's overall attractiveness. This well-situated lot in a densely populated residential area and near a busy business corridor offers significant potential for investors and developers seeking a prime location in Waukegan, IL (Zip code 60085).

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.5 ac (65,340 SF)
APN 08-20-209-046
UPID US28-0339902
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Star,north Tr · 23 yrs held
Star,north Tr
since 2003
4 recorded transactions
2003
$240,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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