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Listing provided courtesy of Kornerstone Realty Group, Inc.MREDas Distributed by MLSGrid- MLS# 12651714MLS Provider

0 Market StreetWaukegan, IL 60085

Vacant Land · 16.00 Acres
$9,269,000 Active

0 Market Street Overview

Time on Site:
43 days
Visits:
1

PRIME OPPORTUNITY TO DEVELOP A SIGNATURE PREMIER WAUKEGAN LAKEFRONT LOCATION!!! 16 ACRES +/- LOCATED IN WAUKEGAN TIF ZONE #9 AND US TREASURY FEDERAL CAP GAINS TAX CREDIT OPPORTUNITY ZONE #2. MULTIFAMILY AND MIXED USE OPPORTUNITY!! NUMBER OF POTENTIAL NUMBER OF UNITS TBD!! BRING YOUR IMAGINATION!!! RESIDENTIAL UNITS EXPECTED APPROX 328 +/- AND COMMERCIAL UNITS EXPECTED APPROX. 6 +/- BUT TBD!! CLOSE PROXIMITY TO WAUKEGAN DOWNTOWN!! STEPS AWAY FROM WAUKEGAN METRA STATION!! NEAR WAUKEGAN HARBOR & MARINA!! POS. FLEXIBLE PUD ZONING ELIGIBLE!!

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0 Market Street Facts & Features

  • Type Vacant Land
  • Lot 16.00 Acres

Details

General

School Information

  • School District: 60

Business Information

  • Current Use: Other

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Park City / Waukegan
  • Township: Waukegan

Tax Information

  • Tax Annual Amount: $22,188.05
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 08284000460000
  • Possible Use: Development,Multi-Family,Single Family,Special Use,Zoning Change Required,Other
  • Property Type: Land
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bathrooms Total: 0

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Additional Parcels: Yes
  • Frontage Length: 275
  • Frontage Type: City Street
  • Lot Size Acres: 16
  • Lot Size Dimensions: 211X275
  • Road Surface Type: Asphalt
  • Water Source: Municipal Water

Waterfront/View

  • Waterfront: Yes

General Information

  • Utilities: Electricity Nearby,Natural Gas Nearby,Water Nearby

0 Market Street Neighborhood

Community

60085 (Waukegan) Demographics

32
Median Age
4,499
Population Density (per sq. mile)
23%
College Educated
$48,435
Estimated Median Income
10,174
Estimated Total Home Owners
13,807
Estimated Total Renters
42% / 58%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

0 Market Street Monthly Cost

$
$ %
%
$
$
Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

0 Market Street Market Data

Based on the last 30 days in this zip code

$270,816
Average List Price
$178
Average Price per Square Foot
22
Properties Sold
39
Average Days on Market
64
Properties for Sale
Calculations provided by Reliance Network

0 Market Street History

Date Event Value Agent
5/23/2026Source: MRED Status Change
Active
5/18/2026Source: MRED Added to Database
May 18, 2026