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    2253 Belvidere Rd Waukegan, IL 60085

    • Land
    • 16.00 lot acres
    For Sale
    View listing
    $4,704,480
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • China V Star Buffet / Chinese Restaurant / Buffet Restaurant

    Property Details for 2253 Belvidere Rd

    Lot size
    16.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8605
    Latitude
    42.3505

    Comparable in this City

    • Value Estimation by Request

      Genesee St

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      0 Genesee St, Waukegan, IL 60085
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      1.68 Acres

      3210 Grandview Ave

      Land • 1.68 Acres
      3210 Grandview Ave, Waukegan, IL 60085
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      3.12 Acres

      3680 Casimer Pulaski Dr

      Land • 3.12 Acres
      3680 Casimer Pulaski Dr, Waukegan, IL 60085
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      12352 Atlantic Ave

      Land
      12352 Atlantic Ave, Waukegan, IL 60085
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    • Value Estimation by Request

      2253 Belvidere Rd

      Land
      2253 Belvidere Rd, Waukegan, IL 60085
      View Details
    • Value Estimation by Request

      402 Lakehurst Rd

      Land
      402 Lakehurst Rd, Waukegan, IL 60085
      View Details

    Similar Nearby for Sale

    • $957,000
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      Waukegan Commercial Land - $957K

      3.12-acre commercial lot, prime location.
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    • $109,000
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      Waukegan Commercial Land - $109K

      1.68-acre lot, B-3 zoning, high visibility.
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      Waukegan Commercial Land - Grand Ave.

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      0.39 Acres

      Waukegan Commercial Development Land

      0.39-Acre Site, Ground Lease Available
      2301 Belvidere Rd, Waukegan, IL 60085
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    • $40,000

      Waukegan Land Parcel For Sale

      Land parcel available for development in Waukegan, Illinois.
      574 S Mcalister Ave, Waukegan, IL 60085
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    • Contact for pricing

      Land For Sale

      Land available for sale.
      1005 N Lewis Ave, Waukegan, IL 60085
      View Details

    Similar Nearby for Lease

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      32,670 SF

      Waukegan Retail Outlot For Lease

      High-traffic retail space, multiple units available.
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      43,560 SF

      Waukegan Commercial Land Opportunity

      Prime 1-Acre Outparcel Near Casino
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      43,560 SF

      Land for Lease in Waukegan

      Land available for lease in Waukegan, Illinois.
      1350 N Lewis Ave, Waukegan, IL 60085
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      48,787 SF

      Waukegan Commercial Land Opportunity

      High-traffic location, build-to-suit available.
      3109 Belvidere Rd, Park City, IL 60085
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      Waukegan Commercial Land Development

      Prime Waukegan retail land near Belvidere Mall.
      2253 Belvidere Rd, Waukegan, IL 60085
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    • $2,100 /Mo
      1,500 SF

      Updated 3-Bedroom Unit in Waukegan

      Updated 3-bedroom, 1-bath unit with garage parking in Waukegan.
      25 Keller Ave, Waukegan, IL 60085
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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
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