0 Market Street Waukegan, IL ^$ 9,269,000

0 Market Street

^$ 9,269,000

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Recently Listed

0 Market Street

Waukegan, IL, 60085

^$ 9,269,000

Studio Baths0.0

Monthly Estimate*

^$ 57,071

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0 Market Street, Waukegan, IL 60085 - Image 5

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0 Market Street, Waukegan, IL 60085 - Image 9

0 Market Street, Waukegan, IL 60085 - Image 10

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0 Market Street, Waukegan, IL 60085 - Image 12

0 Market Street, Waukegan, IL 60085 - Image 13

Studio

Lots and Land for sale in Waukegan, IL

for $9,269,000. The lot size is 16.

PRIME OPPORTUNITY TO DEVELOP A SIGNATURE PREMIER WAUKEGAN LAKEFRONT LOCATION!!! 16 ACRES +/- LOCATED IN WAUKEGAN TIF ZONE #9 AND US TREASURY FEDERAL CAP GAINS TAX CREDIT OPPORTUNITY ZONE #2. MULTIFAMILY AND MIXED USE OPPORTUNITY!! NUMBER OF POTENTIAL NUMBER OF UNITS TBD!! BRING YOUR IMAGINATION!!! RESIDENTIAL UNITS EXPECTED APPROX 328 +/- AND COMMERCIAL UNITS EXPECTED APPROX. 6 +/- BUT TBD!! CLOSE PROXIMITY TO WAUKEGAN DOWNTOWN!! STEPS AWAY FROM WAUKEGAN METRA STATION!! NEAR WAUKEGAN HARBOR & MARINA!! POS. FLEXIBLE PUD ZONING ELIGIBLE!!

Lots and Land Active

Price

^$ 9,269,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 22,188

Style

Lot Size

Town/City

Waukegan

County/Region

Lake

MLS | Web ID

12651714

Features

General

Utilities Electricity Nearby Natural Gas Nearby Water Nearby

Possession Closing

Township Waukegan

Tax Year 2024

Current Use Other

Ownership Fee Simple

Additional Parcels Description 08214110010000 08214420080000 08282070090000 08282070100000 08282190530000 08258219075000 08282200320000 08282200330000 08282200340000 08282200380000 08282200400000 08282200410000 08282200420000 0828

County Lake

Property Type Land Land

Possible Use Development Multi-Family Single Family Special Use Zoning Change Required Other

Status New

Directions EAST SIDE OF MARKET STREET BETWEEN NORTH WATER STREET AND SOUTH AND TERMINUS OF CUMMING AVE

City Waukegan

High School District 60

MLS Area Park City / Waukegan

Tax Annual Amount 22188.05

Additional Parcels Y/N Y

Standard Status Active

Middle/Junior School District 60

Elementary School District 60

Exterior

Water Source Municipal Water

Total Parking 0

Lot Dimensions 211X275

Lot Size Acres 16

Road Surface Type Asphalt

Frontage Length 275

Frontage Type City Street

Waterfront Y/N Y

Interior

Total Baths 0

* Excluded Features

List By

Kornerstone Realty Group, Inc.

Broker

cjkantor@comcast.net

Affordability Calculator

$58,920

Per Month

Monthly Principal & Interest: $57,071
Monthly Property Taxes: $1,849
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

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 ^$468,575

Percent of Sale Price 95%

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
5/18/2026	$9,269,000		Listed Price

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0 Market Street, Waukegan, IL, 60085 is a Lots and Land for sale at $9,269,000 with a lot size of 16. 0 Market Street is a studio with 0.0 baths. The property's zip code is 60085 which is in Waukegan, IL

*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 5/19/2026.

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0 Market Street

Lots and Land for sale in Waukegan, IL

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