200 N Green Bay Rd Waukegan, IL 60085
Property profile & analytics
200 N Green Bay Rd Waukegan, IL 60085
- Hotels
- 10,000 SF
- 5.69 lot acres
Property ID
US28-1861236
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Hotels
Property Details for 200 N Green Bay Rd
- Year built
- 1976
- Construction
- BRICK
- Lot size
- 5.69 lot acres
- Property size
- 10,000 SF
- Property type
- Hotels
- APN
- 08-19-300-001
- APU
- 819300001
Description
This exceptional 5.67-acre commercial land parcel, located at 200 North Green Bay Road in Waukegan, Illinois (zip code 60085), presents a unique redevelopment opportunity. Currently improved with a closed 186-room hotel, the property boasts significant potential for various uses. The B-3 zoning allows for a multitude of options, including hospitality, senior living, or multi-family developments. Alternatively, the existing structure could be demolished to accommodate a new construction project. The site enjoys a highly visible location on Green Bay Road, offering over 900 feet of frontage, with over 500 feet directly on Green Bay Road. This high-traffic area sees approximately 30,000 vehicles daily. The property's strategic location within a 3-mile radius of a population exceeding 110,000, with an average household income of $90,000, ensures strong market demand. The asking price for this prime commercial land is $1,200,000. Lake County location offers easy access to major transportation routes. This is an exceptional opportunity to acquire a substantial commercial property in a thriving area.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,135,000
- ML approach
- $1,135,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,120,000
- 6.5%
- $1,035,000
- 7%
- $960,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,055,000
Market price range: $177k - $1.20M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,135,000
- AUTO REPAIR, GARAGE
- $910,000
- WAREHOUSE, STORAGE
- $865,000
- MEDICAL BUILDING
- $855,000
- COMMERCIAL (GENERAL)
- $825,000
- APARTMENT HOUSE (5+ UNITS)
- $820,000
- OFFICE BUILDING
- $715,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Waukegan
- County
- Lake
- State
- Illinois
- Longitude
- -87.8771
- Latitude
- 42.3624
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$111,146
$328,870
$54,425
$383,295
-
$986,709
$163,291
$1,150,000
