Lots and Land: MLS #12601427 Waukegan, IL ^$ 685,000

Lots and Land: MLS #12601427

^$ 685,000

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Lots and Land: MLS #12601427

Waukegan, IL, 60085

^$ 685,000

Studio Baths0.0

Monthly Estimate*

^$ 4,218

Studio

Lots and Land for sale in Waukegan, IL

for $685,000. The lot size is 5.12.

Positioned along the highly traveled corridor of Greenbay Road, this 5.12 acre commercial parcel offers a rare opportunity for developers and business owners to bring their vision to life in a growing Waukegan market. With strong frontage and visibility, this site is ideally suited for a wide range of commercial uses including retail, restaurant, service-based businesses, or mixed-use development (subject to zoning and approvals). The property features flat, usable land with convenient access to major roadways, surrounding established businesses, and nearby residential communities creating a strong foundation for future growth and long term value. Whether you're looking to expand your portfolio or develop a flagship location, opportunities like this with size, exposure, and location- this might be the one to bring your idea to life!

Lots and Land Active

Price

^$ 685,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 14,395

Style

Commercial

Lot Size

5.12

Town/City

Waukegan

County/Region

Lake

MLS | Web ID

12601427

Features

General

Utilities Electricity Nearby Natural Gas Nearby Sewer Nearby

Possession Closing

Zoning COMMR

Township Waukegan

Tax Year 2024

Current Use Commercial

Ownership Fee Simple

Additional Parcels Description 08181220190000 08181220200000 08181220210000 08181220230000 08181220240000 08181220250000 08181220260000 08181220270000 08181220100000 08181220110000 08181130450000 08181130440000

County Lake

Property Type Land Land

Possible Use Commercial Retail

Status Active

Directions South on Green Bay Rd Make a U-turn at Sherman Ave vacant lot on right

City Waukegan

High School District 60

MLS Area Park City / Waukegan

Tax Annual Amount 14395.58

Additional Parcels Y/N Y

Standard Status Active

Middle/Junior School District 60

Elementary School District 60

Interior

Basement None

Total Baths 0

Exterior

Water Source Municipal Water

Total Parking 0

Lot Dimensions 288X181X291X326X596X458

Lot Size Acres 5.12

Road Surface Type Asphalt

Frontage Length 321

Frontage Type City Street Public Road State Road US Highway

Waterfront Y/N N

* Excluded Features

List By

Compass

Broker

pimentelsells@gmail.com

Affordability Calculator

$5,417

Per Month

Monthly Principal & Interest: $4,218
Monthly Property Taxes: $1,200
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Waukegan, IL

Average List Price ^$186,323

Percent of Sale Price 73%

About Waukegan, IL

89,653 Population

1% Since 2002

^$47,241 Median Income

33.6 Median Age

41% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

567103 Elementary School

564562 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/25/2026	$685,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 5/1/2026.

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Lots and Land: MLS #12601427

Lots and Land for sale in Waukegan, IL

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