Thank you
John Zimmers
EXIT Strategy Realty
312-554-5478
ONCE IN A LIFETIME LEGACY OPPORTUNITY! 83,200 SF lot/1.91 acres at the stoplight intersection at 1250+60 S. O'Plaine and McGaw with 340 feet of frontage adjacent to I-94 just a little south of route 120. This is only 4 MINUTES from the massive $375 million casino in Fountain Square called AMERICAN PLACE. The temporary version of this is already opened. This will transform Waukegan the same way the riverboat in Elgin did. This could be ideal for R-5 development, there will be a need for multi-housing for the casino employees nearby. Multi-unit and commercial requests will require a zoning change. Located between Route 120 and Route 137 which is adjacent to multiple residential subdivisions. There is a real need for convenience stores, restaurants, gas, stations, branch banks, etc. on the O'Plaine corridor. Traffic will probably expand exponentially area wide once the casino opens fully for business within the next two years. Current VPD is 11k on O'Plaine and 170,000 on I-94. Google earth the site to observe the adjacent areas for ideas. The Pritzker family owns 40 acres on the other side of the tollway and will eventually be slated for development once the area becomes active. Two parcel site with two pins, 07-35-100-024+025. SEE ATTACHMENTS FOR ADDITIONAL DETAILS. Drive by only, GUARD DOGS on duty.
Lot Dimensions: 340',547',350'
Lot Acres: 2
Lot Size: 2.0-2.99 Acres
Property Type: Land
Sub Type: Land
Original List Price: $950000
Annual Tax: $4457
Tax Year: 2022
Parcel Number: 07351000250000
Electric Nearby, Gas Nearby, Sanitary Sewer, Water Nearby
City: Gurnee
Direction: Exit off Tollway 294 North at 137 and go west to O'Plaine and turn right, or exit 120 and go east and turn right onto O'Plaine. Property intersects McGraw.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Kenwood Avenue, Gurnee, IL,60031 | $40,000 | -- | -- | -- | 0.37 Acre |
1577 N Dilleys Road, Gurnee, IL,60031 | $235,000 | -- | -- | -- | -- |
Manchester Drive, Gurnee, IL,60031 | $320,000 | -- | -- | -- | 0.66 Acre |
Johns Manville Avenue, Gurnee, IL,60031 | $65,000 | -- | -- | -- | 0.43 Acre |
Normandy Road, Gurnee, IL,60031 | $88,000 | -- | -- | -- | 0.65 Acre |
292 Jennifer Court, Gurnee, IL,60031 | $400,000 | 3 | 3 | 2,229 | -- |
17925 W Stearns School .., Gurnee, IL,60031 | $895,000 | -- | -- | -- | 18.91 Acres |
6091 Washington Street, Gurnee, IL,60031 | $599,999 | -- | -- | -- | 6.44 Acres |
6741 E Monticello Court, Gurnee, IL,60031 | $269,900 | 2 | 2 | 1,603 | -- |
36396 N Skokie Highway, Gurnee, IL,60031 | $8,000,000 | -- | -- | -- | 17.53 Acres |
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Based on information submitted to the MLS GRID as of 04/26/2024 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 04/26/2024 @ 18:20
MLS: MRED #12000690
LISTED BY: John Zimmers, EXIT Strategy Realty
SOURCE: Midwest Real Estate Data LLC (MRED)
Buyer Agency Compensation: 2% - $295.00
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.