38101 Sheridan Rd, Waukegan, IL 60087
This exceptional 23.49-acre vacant land parcel presents a significant development opportunity in Waukegan, Illinois. Located at 38101 N Sheridan Rd, 60087, this property boasts over 940 feet of frontage on Sheridan Road, offering unparalleled visibility and accessibility. Currently zoned AG, the Village's Comprehensive Plan designates this land for mixed-use development, opening doors to a wide array of possibilities. Envision retail spaces, residential units, or even an indoor or outdoor sports facility – the potential uses are vast. The property's strategic location within a Tax Increment Financing (TIF) District and the Sheridan Road Corridor Overlay District provides additional incentives for development. Furthermore, a contiguous 5-acre vacant parcel owned by a related party is also available for acquisition, expanding the potential scope of any project. This prime location in Lake County offers a unique chance to capitalize on the growing Waukegan market. Serious inquiries are encouraged to explore the full potential of this remarkable property.
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.