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1250 S O'Plaine Rd
Waukegan, IL 60085
LEGACY DEVELOPMENT OPPORTUNITY BY A CASINO · Land For Sale · 1.91 AC

INVESTMENT HIGHLIGHTS

  • LEGACY DEVELOPMENT OPPORTUNITY
  • AT THE STOPLIGHT OF McGAW
  • ONLY 4 MINUTES TO A $375 MILLION CASINO
  • ADJACENT TO 1-94, JUST SOUTH OF ROUTE 120

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
Total Lot Size 1.91 AC
No. Stories 1
Zoning CR - Conservation/Recreation

DESCRIPTION

DEVELOPMENT SITE 1250-60 S. O’PLAINE RD., Gurnee, Il. 60031 (south of 120, at McGaw stoplight, next to I-94) ONCE IN A LIFETIME LEGACY OPPORTUNITY! 83,200 SF lot/1.91 acres Soon to be a gold rush area . . . 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. HUGE OPTIONS HERE FOR DEVELOPMENT DUE TO CR (Conservation Recreation) 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. Current zoning is CR --- conservation/recreation, village is open to changes TWO LOT, TWO PIN NUMBERS 1250 S O’PLAINE 07-35-100-24 .92 acre 43,124 SF 2022 taxes $3,029 north lot 1260 S O’PLAINE 07-35-100-25 .99 acre 40,075 SF 2022 taxes $1,427 south lot 83,200 SF total $4,457 TOTAL About : AMERICAN PLACE ---- casino article https://cdcgaming.com/brief/illinois-waukegan-casino-starting-to-attract-other-businesses-to-the-area-an-economic-engine/ PLEASE CONTACT THE VILLAGE OF WAUKEGAN FOR YOUR DEVELOPMENT PROPOSALS

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-35-100-025
Land Assessment
$21,749
Improvements Assessment
$0
Total Assessment
$21,749
  • Listing ID: 29022787

  • Date on Market: 2023-07-17

  • Last Updated:

  • Address: 1250 S O'Plaine Rd, Waukegan, IL 60085

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