PRIME OPPORTUNITY TO DEVELOP A SIGNATURE PREMIER WAUKEGAN LAKEFRONT LOCATION!!! 16 ACRES +/- LOCATED IN WAUKEGAN TIF ZONE #9 AND US TREASURY FEDERAL CAP GAINS TAX CREDIT OPPORTUNITY ZONE #2. MULTIFAMILY AND MIXED USE OPPORTUNITY!! NUMBER OF POTENTIAL NUMBER OF UNITS TBD!! BRING YOUR IMAGINATION!!! RESIDENTIAL UNITS EXPECTED APPROX 328 +/- AND COMMERCIAL UNITS EXPECTED APPROX. 6 +/- BUT TBD!! CLOSE PROXIMITY TO WAUKEGAN DOWNTOWN!! STEPS AWAY FROM WAUKEGAN METRA STATION!! NEAR WAUKEGAN HARBOR & MARINA!! POS. FLEXIBLE PUD ZONING ELIGIBLE!!
Vacant landProperty Type
16 acresLot Size
$579,063Price/Acres
Listed by John Kantor• Kornerstone Realty Group, Inc.
South Lakefront, located between Waukegan Harbor and Bowen Park, is a lakeside and historic Waukegan neighborhood with a working waterfront and blufftop parkland. The neighborhood’s character concentrates around the Waukegan Harbor & Marina promenade, where slips, charter docks, and seasonal lakefront activity set the pace. Early-20th-century houses and compact cottages mix with mid-century apartments, with many streets oriented toward Lake Michigan breezes. Bowen Park’s paths and open lawns frame daily routines, while the Genesee Theatre anchors nights out downtown. The Waukegan History Museum and Jack Benny Center for the Arts add local context and gallery energy. The lakefront setting keeps the atmosphere outdoorsy and walk-forward.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Commuter train access
Exterior features
Waterfront property
Irregular-shaped parcel
Asphalt road frontage
City street frontage (275 feet)
Home design
Land parcel (no buildings on site)
Fee simple ownership
Construction
No structures on the land
Utilities
Municipal water available
Electricity nearby
Natural gas nearby
Water nearby
HOA & community
Special Service Area applies
Other
Multiple additional parcel numbers associated with the listing
Electricity and solar
View estimated energy costs and solar savings for this home
This home ranks in the top 8% for direct sun exposure in Waukegan. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 0 Market St
$7,222,371
$2.0M under list price of $9.27M
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $226K to $329K.