200 Green Bay Rd Waukegan, IL 60085

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.