601 Lakehurst RdWaukegan, IL 60085

Property Details for 601 Lakehurst Rd

Lot size

1.03 AC

Property type

Commercial land

APN

07-36-103-024

APU

736103024

Description

This exceptional 2.04-acre commercial land parcel, identified as Fountain Square Pad D, presents a unique investment opportunity in Waukegan, Illinois. Located at 601 Lakehurst Rd PAD D, 60085, this property offers unparalleled access and visibility. The site is directly adjacent to the new American Place Casino (opening in 2025), developed by Full House Resorts, ensuring high traffic and significant future growth potential. Several pads offer the possibility of drive-thru lanes, catering to a wide range of commercial uses. Building design flexibility allows for both standalone and inline structures. The property benefits from its proximity to a substantial 2.8 million square foot industrial development, further enhancing its strategic location. This prime location is also surrounded by a robust retail environment, including major national brands such as Wal-Mart, Home Depot, Aldi, Ross, Michaels, and Marshalls, creating a thriving commercial ecosystem. The property is available for sale, ground lease, or build-to-suit options, providing flexibility to meet diverse investment strategies. This is an exceptional opportunity to capitalize on a rapidly developing area with strong existing infrastructure and significant future growth prospects. The property is situated in Lake County, Illinois.

• Alternative Use

  Use

  Valuation

  Residential

  $9,272,838

  Hospitality

  $8,493,869

  Educational

  $7,066,800

  Medical

  $7,309,838

  Retail

  $10,992,799

Location Insight

City

Waukegan

County

Lake

State

Illinois

Latitude

42.3402

Longitude

-87.8962

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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