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5.45 Acres Lot
$ 2,900,000
Est. payment | /mo
5.45 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12659496
Annual Tax Amount $22,693
Tax Year 2025
Lot Size 5.450 Acres
Lot Dimensions 237402 sq ft
Property Sub-Type Land
Property Description
Exceptional 5.45-Acre Commercial Development Opportunity | 100 S. Green Bay Road, Waukegan, IL Rare opportunity to acquire a highly visible commercial land assemblage in one of northern Lake County's active commercial corridors. This approximately 5.45-acre site, comprised of 10 contiguous parcels, fronts the west side of Green Bay Road just south of the signalized Washington Street intersection, offering excellent exposure, accessibility, and proximity to Routes 41, 120, and I-94. Zoned B-3 General Commercial, the property allows for a wide range of potential uses including retail, restaurant, banking, office, service business, indoor recreation, and other commercial/business service uses. The zoning also allows building heights up to 100 feet, providing flexibility for a variety of development concepts. Municipal water, sanitary sewer, natural gas, and electric are available at the site. The parcel is located in Flood Zone X, outside the floodplain, and features generally level topography, making it well-suited for ground-up development. The property has a limited wetland area reported toward the northwest portion of the site. The property also offers notable upside potential. There is approximately 1.40 additional acres of adjacent alleys and portions of Hillside Avenue and Ridge Avenue that may be candidates for vacation and incorporation into the overall site, subject to approval by the proper authorities. If successfully vacated, this could potentially expand the overall land area and create a larger, more functional contiguous development footprint. This may provide a meaningful advantage for developers, investors, or owner-users seeking a larger-format commercial, service, retail, or mixed-use concept in a land-constrained corridor. Surrounding uses include automotive services, retail centers, restaurants, gas stations, office uses, and nearby residential neighborhoods. Buyer to independently verify zoning, permitted uses, road and alley vacation potential, wetlands, utilities, site dimensions, development requirements, and all other due diligence with the City of Waukegan and appropriate agencies.
Location
State IL
County Lake
Area Park City / Waukegan
Interior
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected
Building
Dwelling Type Land
Water Municipal Water
Schools
School District 60 , 60, 60
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Alexis Bahena of Berkshire Hathaway HomeServices