1250 O'plaine Rd Gurnee, IL 60031
- Land
- 1.91 lot acres
Current Use by Public Records
- Land
Property Details for 1250 O'plaine Rd
- Lot size
- 1.91 lot acres
- Property type
- Land
Description
This exceptional 1.91-acre (83,200 sq ft) commercial land parcel in Gurnee, IL, presents a rare development opportunity. Located at 1250 O'Plaine Rd (APN: 07-35-100-24, 07-35-100-25), this fee-simple property boasts 340 feet of frontage, situated at a stoplight intersection with high visibility from I-94 and proximity to Route 120 and Route 137. Currently zoned CR (Conservation Recreation), the property offers significant potential for multi-unit residential or commercial development, subject to zoning changes. The site's strategic location is only four minutes from the new $375 million American Place casino in Fountain Square, promising substantial future growth and increased traffic. The current daily traffic volume on O'Plaine Road is 11,000 vehicles, while I-94 sees 170,000 vehicles daily. This presents a unique chance to capitalize on the anticipated surge in demand for retail, restaurants, and other amenities to serve the casino and surrounding residential areas. The asking price is $975,000 ($11.71/sq ft). The property comprises two lots: a 0.92-acre north lot (43,124 sq ft) and a 0.99-acre south lot (40,075 sq ft), with combined 2022 property taxes totaling $4,457. This is a legacy investment opportunity with substantial upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gurnee
- County
- Lake
- State
- Illinois
- Longitude
- -87.9154
- Latitude
- 42.338
