Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
-
Theater & Performing Art Venue
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.