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$499,000
Est. payment /mo
0.29 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12782308
Annual Tax Amount $10,603
Tax Year 2025
Lot Size 0.290 Acres
Lot Dimensions 100 x 125 x 100 x 125
Property Sub-Type Land
Property Description
Waukegan Rd (IL-43) Commercial Pad | 12,500 SF Zoned GC | Sale, Ground Lease or Build-to-Suit. 12,500 SF (0.29 acre) commercial lot with 100 feet of frontage on Waukegan Road in unincorporated Lake County, with a Lake Bluff address. For sale at $499,000; ground lease at $4,000 per month ($48,000 per year) NNN with rent increases every 5 years; or build-to-suit from $130,000 per year NNN, depending on the building. The two lots total 100 ft x 125 ft, with a platted alley along the rear. Zoned GC General Commercial. The county's use table lists restaurant or coffee shop, retail, office and medical office as permitted uses, subject to county site plan review. Building, engineering and IDOT access permits also apply. County standards allow up to 3,750 SF of building (0.30 FAR) and a height of up to 35 ft. Under the county's parking table, the lot supports roughly 3,000 SF of retail or up to 3,750 SF of office, subject to county review. Waukegan Rd carries 20,400 vehicles per day (IDOT, 2025). Rockland Rd (IL-176) is a quarter mile south. Water from Lake County Public Works; sewer from the North Shore Water Reclamation District. Outside the 100-year floodplain. An older house and garage are on site today. Buyer or tenant to verify all information, including zoning and permitted uses with Lake County.
Location
State IL
County Lake
Area Lake Bluff
Zoning COMMR
Interior
Fireplace N
Exterior
Utilities Available Electricity Nearby, Sewer Nearby
Building
Dwelling Type Land
Water Municipal Water
Schools
Elementary Schools Lake Bluff Elementary School
Middle Schools Lake Bluff Middle School
High Schools Lake Forest High School
School District 65 , 65, 115
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Jason Bitton of RE/MAX Suburban
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