Address
1250 S Oplaine Road, Gurnee, IL
Price
$ 950,000
Property Attributes
  • MLS#12000690
  • TypeLand
  • CountyLAKE
  • CityGurnee
  • AreaGurnee
  • NeighborhoodChittenden
  • Zip60031
  • StyleLegal Non Conforming,Recreational,Single Family
  • Taxes$ 4457
  • Price$ 950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property 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.

Price History
3/10/2024 Listed $950,000

General Features

Utilities Electric Nearby,Gas Nearby,Sanitary Sewer,Water Nearby
Possession Closing
Zoning OTHER
Township Warren
Tax Year 2022
Current Use Legal Non Conforming,Recreational,Single Family
Percent Ownership Fee Simple
County Lake
Property Type Land
Possible Use Commercial,Industrial,Office and Research,Development,Recreational,Residential,Multi-Family,Single Family,Retail,Special Use
Other Structures Barn(s),Residence
Status Active
Directions Exit off Tollway 294 North at 137 and go west to O'Plaine and turn right,or exit 120 and go east and turn right onto O'Plaine. Property intersects McGraw.
City Gurnee
High School District 56
MLS Area Gurnee
Waterfront Y/N No
Street Name Oplaine
Tax Annual Amount 4457
Additional Parcels Y/N Yes
Days on Market 6
Standard Status Active
Middle/Junior School District 56
Elementary School District 56
Property Type Land

Interior Features

Street Suffix Road

Exterior Features

Lot Dimensions 340',547',350'
Lot Size Acres 2
Road Surface Type Asphalt
Frontage Length 340'
Frontage Type Frontage Road,Public Road,Paved

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 60031

Price
AVG $690K
$950K
Taxes
AVG $5,212
$4,457
Visits
AVG 269
50
Data Provided by Inside Real Estate®

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