1213 Grand Ave Waukegan, IL 60085
For Sale
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This exceptional 1.63-acre commercial land parcel, located at 1213 Grand Avenue in Waukegan, Illinois, presents a unique development opportunity. Boasting 65,340 square feet and 142 feet of frontage on Grand Avenue, this property benefits from flexible C-1 zoning, allowing for a wide range of commercial uses. Its strategic location at the intersection of Grand Avenue and Pine Street places it within a thriving area, surrounded by established residential and commercial districts. Nearby amenities include Dunkin' Donuts, McDonald's, and numerous other retailers, ensuring high visibility and convenient access for potential businesses. The property's proximity to Lake Michigan's Sheridan Road, Waukegan's downtown area, the Robert McClory Bike Path, and public transportation further enhances its appeal. Easy access to major roads and interstates provides excellent connectivity. A plat of survey is available. Low annual real estate taxes of $2,118 contribute to the property's overall attractiveness. This well-situated lot in a densely populated residential area and near a busy business corridor offers significant potential for investors and developers seeking a prime location in Waukegan, IL (Zip code 60085).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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.