402 Lakehurst Rd, Waukegan, IL 60085
This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Waukegan's thriving Fountain Square submarket. Situated directly in front of a planned Residence Inn by Marriott, this property enjoys unparalleled visibility and accessibility. Its strategic location across the street from The Temporary (a 70,000 square foot casino) and the future site of the American Place Casino (opening in 2025) guarantees high traffic and significant future growth potential. The property is zoned B-2 Community Shopping, allowing for a wide range of development possibilities to capitalize on the area's robust retail environment. Surrounded by established national retailers, branded hotels, and a substantial office population, this location offers immediate access to a large consumer base and a strong workforce. This is an ideal site for businesses seeking high visibility and proximity to major entertainment and hospitality venues. The single-tenant zoning provides flexibility for development, while the established infrastructure and surrounding amenities ensure a seamless transition for any new business. Don't miss this chance to secure a prime piece of real estate in a rapidly developing area with exceptional long-term prospects. Invest in Waukegan's future today.
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Hampton Inn Waukegan Restaurant
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genese theatre Theater & Performing Art Venue
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.