1250 O'Plaine Road

Waukegan, IL 60085

$950,000
Price
87,120 / 2
Lot Size / Acres

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...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.
  1. Listed by John Zimmers • EXIT Strategy Realty
  2. Listed by Alberto Gonzalez • EXIT Strategy Realty

Property Details for 1250 O'Plaine Road

Area
Gurnee
Township
Warren
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Zoning
OTHER

Location

Listing Courtesy of EXIT Strategy Realty
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LISTING UPDATED: 03/16/2024 12:06 AM

Property Details for 1250 O'Plaine Road

StatusActive
MLS #12000690
Days on Market82
Taxes$4,457 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size2.00 AC
CountyLake County

Location

Listing Courtesy of EXIT Strategy Realty
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Building Information for 1250 O'Plaine Road

Lot Size2.00 AC

Payment Calculator

$5,556 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,185

Property Taxes

$371

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1250 O'Plaine Road

General Information
School Information
  • Elementary School District: 56
  • High School District: 56
  • Middle Or Junior School District: 56
Location and General Information
  • Frontage Length: 340'
  • Frontage Type: Frontage Road, Public Road, Paved
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Electric Nearby, Gas Nearby, Sanitary Sewer, Water Nearby
Property/Lot Information
  • Lot Size: 2.0-2.99 Acres
  • Lot Dimensions: 340',547',350'
  • Approx Land Sq Footage: 83200
  • Buildings on Land: Yes
  • Other Structures: Barn(s), Residence
  • Waterfront: No
  • General Information: Interstate Access
  • North Coordinate: 33
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 14
Property and Assessments
  • Possible Use: Commercial, Industrial, Office and Research, Development, Recreational, Residential, Multi-Family, Single Family, Retail, Special Use
  • Public Document Count: 0
  • Photos Count: 1
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Legal Non Conforming, Recreational, Single Family
  • Known Existing Liens: None Known
  • Land Description: Rolling Rural,Sloping
  • Location: Corner,Mixed Use Area
  • Road Surface: Asphalt
  • Total Listed Lots Avail: 2
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 1250 O'Plaine Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1250 O'Plaine Road

Taxable ValueLand$14,665Additions$21,834Total$36,499
Tax Record2023$3,017 ($251 / month)
Home Facts
Beds0Baths1Total Finished SqFt660 SqFtAbove Grade Finished SqFt660 SqFtStories1Lot Size40,075 SqFtStyleSingle Family ResidenceYear Built1952CountyLAKEAPN07-35-100-024

Schools near 1250 O'Plaine Road

This home is within Warren Twp Hsd 121 School District.
Rating
School
Type
Grades
Distance
Public - 1 to 3
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Woodland Elementary School
Public1 to 3

Woodland Intermediate School
Public3 to 5

Woodland Middle School
Public6 to 8

Warren Township High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1250 O'Plaine Road is a 2 ac of land for sale in Waukegan, IL 60085. This property was listed for sale on March 10, 2024 by EXIT Strategy Realty, it's currently listed at $950,000. This listing's school districts are Warren Twp Hsd 121 School District, Woodland Central Consolidated School District 50. Nearby schools include Woodland Elementary School, Woodland Intermediate School and Woodland Middle School. 1250 O'Plaine Road is a 0-bed, 0-bath, 2 ac of land on a 87,120 sq. ft. / 2 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXIT Strategy Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.