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    1200 Golf Rd Waukegan, IL 60087

    Sponsored
    For Sale
    $1,050,000

    2.4 Acres, B-3 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 2.4-acre commercial land parcel, located at 1200 Golf Rd, Waukegan, IL 60087, presents a compelling investment opportunity. Currently zoned B-3, this site is ideally suited for a variety of motorist-oriented commercial uses. The property boasts a high-traffic location, situated off Golf Road, a major east-west thoroughfare connecting N. Lewis Ave. and IL-137, with a combined 54,724 vehicles per day. An existing 8,000 square foot auto shop is on-site, offering potential for an owner-user to continue operations or redevelopment. The seller is open to including the business and equipment in the sale. This prime location benefits from strong demographics, with a population of 160,254 and an average household income of $82,900 within a 5-mile radius. The area is anchored by numerous national and local retailers, including Walgreens, Planet Fitness, Dollar General, McDonald's, Wendy's, Sunset House, and Hillery's BBQ. Lake County's investor-friendly tax environment further enhances the appeal of this exceptional property, priced at $1,050,000. This is a rare chance to acquire a significant commercial land holding in a thriving location.

    Property Features for 1200 Golf Rd

    General Information

    Property type
    Land
    Lot Size
    104,544 SF

    HighLights

    • 2.4‑acre commercial land parcel in Waukegan, IL.
    • 8,000 SF existing auto shop; potential owner‑user opportunity.
    • Business and equipment available for purchase.
    • B‑3 zoning; suitable for various motorist‑oriented commercial uses.
    • Strong demographics: 160,254 population, $82,900 average household income within 5 miles.
    • High‑traffic location on Golf Road; surrounded by national and local retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8464344
    Latitude
    42.3909886

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    FAQs

    What type of property is this?
    Land - 2.4 Acres, B-3 Zoning, High Traffic
    Where is this land located?
    The property is located at 1200 Golf Rd Waukegan, IL.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: 2.4-acre commercial land parcel in Waukegan, IL.; 8,000 SF existing auto shop; potential owner-user opportunity.; Business and equipment available for purchase.
    Request Owner's contact information
    1200 Golf Rd Waukegan, IL 60087
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    Waukegan, IL 60087
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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
    1200 Golf Rd Waukegan, IL 60087
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