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2253 Belvidere RdWaukegan, IL 60085

Prime Waukegan retail land near Belvidere Mall.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional 16-acre commercial land parcel presents a unique investment opportunity in Waukegan, Illinois. Located adjacent to the Belvidere Mall, anchored by a Home Depot, this property offers significant potential for retail, office, or mixed-use development. The site is strategically positioned within both an Enterprise Zone and an Opportunity Zone, providing attractive tax incentives. Development options include big box, mid-box, small shop, and pad sites, with an estimated gross leaseable area of 500,000 square feet. The surrounding area boasts a robust demographic profile, including a population of 106,561 within a 3-mile radius, a median household income of $40,524, and high vehicle traffic counts on nearby Route 120 (Belvidere Road) and Lewis Avenue. Furthermore, Waukegan's projected growth includes an additional one million square feet of retail, hospitality, recreational, educational, and cultural facilities over the next two decades, ensuring long-term value and potential for significant returns. The property's location near major roadways and established retail centers provides excellent visibility and accessibility. This is an unparalleled opportunity to capitalize on a thriving market and contribute to the continued growth of Waukegan. The site is available for lease or build-to-suit construction. Within a 5-mile radius, there are 5,317 businesses employing 71,778 people.

Highlights

  • Located in an Enterprise Zone.
  • Located in an Opportunity Zone.

Property Details for 2253 Belvidere Rd

Property type
Land

Unit(s) available at that property

Space
Size
0 SF

Location Insight

City
Waukegan
County
Lake
State
Illinois
Latitude
42.35034008711
Longitude
-87.861141456142
2253 Belvidere Rd, Waukegan, Illinois

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FAQs

What type of property is this?
Land - Prime Waukegan retail land near Belvidere Mall.
Where is the land located?
The property is located at 2253 Belvidere Rd Waukegan, IL.
What are key features of this property?
This property features: Located in an Enterprise Zone.; Located in an Opportunity Zone.;
How can I contact the broker?
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Contacts

Theron May
Theron May
Visit Broker Website

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Belvidere Rd
Waukegan, IL 60085

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Belvidere Rd
Waukegan, IL 60085

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2253 Belvidere Rd
  • Theron May
    Theron May
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