17150 Washington St Gurnee, IL 60031
- Commercial real estate
- 34.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 17150 Washington St
- Lot size
- 34.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 34-acre parcel presents a compelling investment opportunity in Gurnee, Illinois. Located at the prominent corner of Washington Street and Hunt Club Road, this vacant land is currently zoned as farmland within unincorporated Lake County, offering significantly lower real estate taxes compared to developed areas. The property boasts a strategic location with high visibility and accessibility, experiencing approximately 31,000 vehicles daily. Its proximity to Gurnee's Park District Complex and the bustling Gurnee Mills retail hub provides exceptional convenience and strong surrounding infrastructure. The site's potential for annexation into the Village of Gurnee opens doors for high-density residential development, including single-family homes, townhomes, or multi-family units. This presents a unique chance to capitalize on the growing demand for housing in this desirable area. The property's size and location make it ideal for a large-scale development project, offering significant returns for the discerning investor. Access to the Illinois Tollway (I-294) ensures excellent connectivity to regional transportation networks. The address is 17150 W Washington Street, Gurnee, IL 60031. The asking price for this remarkable property is $4,900,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gurnee
- County
- Lake
- State
- Illinois
- Longitude
- -87.966155
- Latitude
- 42.367872
