$ 950,000
1250 S Oplaine Road Gurnee, IL 60031
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$ 950,000
Est. payment /mo
Active
1250 S Oplaine Road Gurnee, IL 60031
2 Acres Lot
UPDATED:
08/17/2024 08:48 AM
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12000690
Annual Tax Amount $4,457
Tax Year 2022
Lot Size 2.000 Acres
Lot Dimensions 340',547',350'
Property Description
ONCE IN A LIFETIME LEGACY OPPORTUNITY! 83,200 SF lot/1.91 acres at the stoplight intersection at 1250+60 S. O'Plaine and McGaw with 340 feet of frontage adjacent to I-94 just a little south of route 120. This is only 4 MINUTES from the massive $375 million casino in Fountain Square called AMERICAN PLACE. The temporary version of this is already opened. This will transform Waukegan the same way the riverboat in Elgin did. This could be ideal for R-5 development, there will be a need for multi-housing for the casino employees nearby. Multi-unit and commercial requests will require a zoning change. Located between Route 120 and Route 137 which is adjacent to multiple residential subdivisions. There is a real need for convenience stores, restaurants, gas, stations, branch banks, etc. on the O'Plaine corridor. Traffic will probably expand exponentially area wide once the casino opens fully for business within the next two years. Current VPD is 11k on O'Plaine and 170,000 on I-94. Google earth the site to observe the adjacent areas for ideas. The Pritzker family owns 40 acres on the other side of the tollway and will eventually be slated for development once the area becomes active. Two parcel site with two pins, 07-35-100-024+025. SEE ATTACHMENTS FOR ADDITIONAL DETAILS. Drive by only, GUARD DOGS on duty.
Location
State IL
County Lake
Zoning OTHER
Interior
Fireplace N
Exterior
Utilities Available Electric Nearby, Gas Nearby, Sanitary Sewer, Water Nearby
Waterfront false
View Y/N true
Schools
School District 56, 56, 56
Others
Ownership Fee Simple
Special Listing Condition None
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by John Zimmers • EXIT Strategy Realty