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2253 Belvidere Rd Waukegan, IL 60085

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Prime Waukegan retail land near Belvidere Mall.

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional 16-acre commercial land parcel presents a unique investment opportunity in Waukegan, Illinois. Located adjacent to the Belvidere Mall, anchored by a Home Depot, this property offers significant potential for retail, office, or mixed-use development. The site is strategically positioned within both an Enterprise Zone and an Opportunity Zone, providing attractive tax incentives. Development options include big box, mid-box, small shop, and pad sites, with an estimated gross leaseable area of 500,000 square feet. The surrounding area boasts a robust demographic profile, including a population of 106,561 within a 3-mile radius, a median household income of $40,524, and high vehicle traffic counts on nearby Route 120 (Belvidere Road) and Lewis Avenue. Furthermore, Waukegan's projected growth includes an additional one million square feet of retail, hospitality, recreational, educational, and cultural facilities over the next two decades, ensuring long-term value and potential for significant returns. The property's location near major roadways and established retail centers provides excellent visibility and accessibility. This is an unparalleled opportunity to capitalize on a thriving market and contribute to the continued growth of Waukegan. The site is available for lease or build-to-suit construction. Within a 5-mile radius, there are 5,317 businesses employing 71,778 people.

Property Features for 2253 Belvidere Rd

General Information

Property type
Land
Lease Type
Gross Lease

Unit(s) available at that property

Space
Size
0 SF

HighLights

  • Located in an Enterprise Zone.
  • Located in an Opportunity Zone.
Property Profile Location Intelligence

Current Use by Public Records

China V Star ... Chinese Restaurant

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
-87.861141456142
Latitude
42.35034008711

FAQs

What type of property is this?
Land - Prime Waukegan retail land near Belvidere Mall.
Where is this land located?
The property is located at 2253 Belvidere Rd Waukegan, IL.
What are key features of this property?
This property features: Located in an Enterprise Zone.; Located in an Opportunity Zone.;
More about this property
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