For Sale
$175,900

Genesee St Waukegan, IL 60085

12,750 SF R5 Zoned Lot, $175,900

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional commercial land offering presents a prime development opportunity in the heart of Downtown Waukegan, Illinois. The property encompasses two vacant lots totaling 12,750 square feet, situated along N. Genesee Street, measuring 127.5 feet of frontage and 100 feet deep. Currently zoned R5, this allows for multi-family residential development. The property's location offers significant advantages, with a high-rise residential building directly across the street, housing over 150 units, indicating strong existing demand. A maximum building height of 45 feet is permitted under current zoning regulations, although a Planned Unit Development (PUD) request can be submitted for alternative development plans. The seller will retain a permanent easement for eight parking spaces

Highlights

  • Prime 12,750 SF development site in Downtown Waukegan, IL.
  • Two vacant lots with 127.5' of frontage on N. Genesee St.
  • R5 zoning allows multi-family residential development.
  • Across from a 150+ unit high-rise, indicating strong demand.
  • Maximum 45' building height; PUD options available.
  • Seller retains easement for 8 parking spaces.

Property Details for 0 Genesee St

Property type
Land

Location Insight

City
Waukegan
County
Lake
State
Illinois
Latitude
42.3652082
Longitude
-87.8312433

FAQs

What type of property is this?
Land - 12,750 SF R5 Zoned Lot, $175,900
Where is the land located?
The property is located at Genesee St Waukegan, IL.
What is the asking price?
The asking price for this property is $175,900.
What are key features of this property?
This property features: Prime 12,750 SF development site in Downtown Waukegan, IL.; Two vacant lots with 127.5' of frontage on N. Genesee St.; R5 zoning allows multi-family residential development.
How can I contact the broker?
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0 Genesee St
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