100 S Green Bay Road
Waukegan, IL, 60085 $ 2,900,000
Baths0.0 Monthly Estimate*
$ 17,856
Studio for $2,900,000. The lot size is 5.45.
Exceptional 5.45-Acre Commercial Development Opportunity | 100 S. Green Bay Road, Waukegan, IL Rare opportunity to acquire a highly visible commercial land assemblage in one of northern Lake County's active commercial corridors. This approximately 5.45-acre site, comprised of 10 contiguous parcels, fronts the west side of Green Bay Road just south of the signalized Washington Street intersection, offering excellent exposure, accessibility, and proximity to Routes 41, 120, and I-94. Zoned B-3 General Commercial, the property allows for a wide range of potential uses including retail, restaurant, banking, office, service business, indoor recreation, and other commercial/business service uses. The zoning also allows building heights up to 100 feet, providing flexibility for a variety of development concepts. Municipal water, sanitary sewer, natural gas, and electric are available at the site. The parcel is located in Flood Zone X, outside the floodplain, and features generally level topography, making it well-suited for ground-up development. The property has a limited wetland area reported toward the northwest portion of the site. The property also offers notable upside potential. There is approximately 1.40 additional acres of adjacent alleys and portions of Hillside Avenue and Ridge Avenue that may be candidates for vacation and incorporation into the overall site, subject to approval by the proper authorities. If successfully vacated, this could potentially expand the overall land area and create a larger, more functional contiguous development footprint. This may provide a meaningful advantage for developers, investors, or owner-users seeking a larger-format commercial, service, retail, or mixed-use concept in a land-constrained corridor. Surrounding uses include automotive services, retail centers, restaurants, gas stations, office uses, and nearby residential neighborhoods. Buyer to independently verify zoning, permitted uses, road and alley vacation potential, wetlands, utilities, site dimensions, development requirements, and all other due diligence with the City of Waukegan and appropriate agencies.
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FeaturesGeneralUtilities Electric to Site Natural Gas Available Sewer Connected
Possession Closing
Township Waukegan
Tax Year 2025
Current Use Commercial
Ownership Fee Simple
Additional Parcels Description 08194180120000 08194200070000 08302010070000 08302010020000 08194200100000 08194200090000 08302010010000 08302010020000 08302050130000 08302050140000
County Lake
Property Type Land Land
Status New
Directions Vacant land- Green Bay Rd south of Washington St and north of Route 120/Belvidere Rd. Parking is available in the lot on the north side of the property. 42.35698 N 87.87383 W
City Waukegan
High School District 60
MLS Area Park City / Waukegan
Tax Annual Amount 22693.72
Additional Parcels Y/N Y
Standard Status Active
Middle/Junior School District 60
Elementary School District 60
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ExteriorWater Source Municipal Water
Total Parking 0
Lot Dimensions 237402 sq ft
Lot Size Acres 5.45
Road Surface Type None
Frontage Length 930
Frontage Type City Street
Waterfront Y/N N
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* Excluded FeaturesList ByBerkshire Hathaway HomeservicesBroker
alex@epicmidwest.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $17,856
- Monthly Property Taxes
- $1,891
- Monthly 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.
Learn more about how to save NearbyLots and land listings in Waukegan, IL
Average List Price $561,071
Percent of Sale Price 81%
About Waukegan, IL 89,653 Population
1% Since 2002
$ 47,241 Median Income
33.6 Median Age
41% Households with Children
Trends Information provided by ATTOM Data Solutions.
567103 Elementary School
564562 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/28/2026 | $2,900,000 | | Listed Price |