$950,000 $5,100 est/mo Sourced by Back At You

1250 S Oplaine Road,Gurnee, IL 60031

Gurnee IL, 60031

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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 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.

Details

MLS#12000690
Listing TypeFor Sale
StyleLand
Sub-TypeResale
StatusActive
Days On Site130
Listing Provided ByEXIT Strategy Realty | John Zimmers
Buying Commision2% - $29

Features

ZoningOTHER
Acreage2.00

Market Activity 60031

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Learn More About This Property

StateIL
CountyLake
CityGurnee
Zip Code60031
AreaGurnee
School District56
Elementary School56
Middle School56
High School56
Listing VS Median (in 60031)
Price:
$950,000
low | high
Med:
$387,000
100% of Average
On Site:
130
low | high
Med:
25.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 7:25:52 PM PDT