38101 Sheridan Rd Waukegan, IL 60087

OFF-MARKET

Land

23.49 ac lot

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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.

Property type Land

Lot 23.49 ac (1,023,224 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

38101 Sheridan Rd Waukegan, IL 60087

Waukegan metro

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Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation by Request
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Value Estimation
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Value Estimation
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Value Estimation
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Value Estimation
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