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    2301 Belvidere Rd Waukegan, IL 60085

    Sponsored
    For Sale
    Contact for pricing

    0.39-Acre Site, Ground Lease Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.39-acre commercial development site is ideally located at 2301 Belvidere Road in Waukegan, Illinois, zip code 60085. Situated in Lake County, this property presents a unique opportunity for investors and developers seeking a prime location for a new commercial venture. The land is classified as a commercial development site, offering significant potential for various commercial uses. The property's address is precisely 2301 Belvidere Rd, Waukegan, IL 60085, with GPS coordinates of 42.349806 latitude and -87.861142 longitude. This offering is presented as a ground lease opportunity. The lot size is 0.39 acres, providing ample space for a variety of development projects. Further details regarding the ground lease terms are available upon request. This property's strategic location in Waukegan, within Lake County, Illinois, offers excellent access to transportation networks and a thriving local economy, making it an attractive investment prospect. The property is categorized as commercial land and is ready for development. Interested parties should inquire for complete details on lease terms and conditions. This is a prime opportunity to acquire a well-positioned commercial development site in a desirable location.

    Property Features for 2301 Belvidere Rd

    General Information

    Property type
    Land
    Lot Size
    16,988 SF

    HighLights

    • 0.39‑acre commercial development site in Waukegan, IL (60085).
    • Ground lease opportunity available.
    • Located at 2301 Belvidere Rd, Waukegan, IL.
    • Prime location for commercial development.
    Property Profile Location Intelligence

    Current Use by Public Records

    K-Nails Beauty Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.861142
    Latitude
    42.349806

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    FAQs

    What type of property is this?
    Land - 0.39-Acre Site, Ground Lease Available
    Where is this land located?
    The property is located at 2301 Belvidere Rd Waukegan, IL.
    What are key features of this property?
    This property features: 0.39-acre commercial development site in Waukegan, IL (60085).; Ground lease opportunity available.; Located at 2301 Belvidere Rd, Waukegan, IL.
    (773) 736-6461
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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
    2301 Belvidere Rd Waukegan, IL 60085
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