1200 Golf Rd - Land | Waukegan, IL
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1200 Golf Rd - Land | Waukegan, IL
2.4 Acres of Commercial Land Offered at $1,050,000 in Waukegan, IL 60087
Investment Highlights
- 2.4 acres of covered land; excellent owner/user or redevelopment opportunity
- Owner will sell business and equipment if purchaser is interested
- Site is situated in Lake County; desirable demographics and investor-friendly tax authorities
- Approximately 8,000 SF auto shop located on-site
- Favorable Current B-3 Zoning; motorist-oriented commercial district allowing for many different uses
- Located in a middle-class area with a population of 160, 254 and an average household income of $82, 900 within a 5-mile radius
Executive Summary
Quantum Real Estate Advisors, Inc. (“QREA”) has been retained to exclusively offer for sale approximately 2.40 acres located at 1200 Golf Rd., Waukegan, IL. The site is a perfect owner/user opportunity for an auto body shop to take over the already existing buildout, which is strategically located off Golf Road, an east-to-west thoroughfare connecting N. Lewis Ave. & IL-137, which sees a combined 54,724 VPD. The property is currently zoned B-3, which is intended to accommodate motorist-oriented commercial activities, allowing for a wide variety of redevelopment options.
The property is currently being operated as an auto repair shop by the current owner/user. However, upon closing the business will be vacating the premises making this a prime site for redevelopment. The surrounding area is comprised of several national and local tenants, such as Walgreens, Planet Fitness, Dollar General, McDonald’s, Wendy’s, Sunset House, Hillery’s BBQ, and more.
The property is currently being operated as an auto repair shop by the current owner/user. However, upon closing the business will be vacating the premises making this a prime site for redevelopment. The surrounding area is comprised of several national and local tenants, such as Walgreens, Planet Fitness, Dollar General, McDonald’s, Wendy’s, Sunset House, Hillery’s BBQ, and more.
Property Facts
| Price | $1,050,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 2.40 AC |
| Property Type | Land |
| Price | $1,050,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 2.40 AC |
1 Lot Available
Lot
| Price | $1,050,000 | Lot Size | 2.40 AC |
| Price Per AC | $437,500 |
| Price | $1,050,000 |
| Price Per AC | $437,500 |
| Lot Size | 2.40 AC |
Approximately 2.40 acres located at 1200 Golf Rd., Waukegan, IL.
Description
The property is currently being operated as an auto repair shop by the current owner/user. However, upon closing the business will be vacating the premises making this a prime site for redevelopment.
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PROPERTY TAXES
| Parcel Number | 08-08-400-017 | Improvements Assessment | $65,474 |
| Land Assessment | $105,071 | Total Assessment | $170,545 |
PROPERTY TAXES
Parcel Number
08-08-400-017
Land Assessment
$105,071
Improvements Assessment
$65,474
Total Assessment
$170,545
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Chad Firsel -
Clayton Maxfield -
Quantum Real Estate Advisors, Inc
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1200 Golf Rd - Land | Waukegan, IL
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