Property profile

402 Lakehurst Rd Waukegan, IL 60085

OFF-MARKET
Land
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Theater & Performing Art Venue

Location

402 Lakehurst Rd Waukegan, IL 60085
Waukegan metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 402 Lakehurst Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message