601 Lakehurst Rd Waukegan, IL 60085
Southwest Waukegan NeighborhoodEstimated payment $6,024/month
About This Lot
Discover the exceptional potential of 601 Lakehurst Road in Waukegan, Illinois, a rare opportunity in the heart of a burgeoning area. This opportunity encompasses close to 6 acres of undeveloped land, ideally positioned for significant development, with zoning allowing structures up to 200 feet high. The site's strategic location is a cornerstone of the Fountain Square of Waukegan entertainment and retail development, neighboring a half-billion dollar enterprise- the new American Place Casino, set to enhance the area's vibrancy by 2027. This remarkable land parcel is perfectly suited for diverse high-end commercial endeavors, including retail and restaurant spaces, shopping centers, business offices, and medical facilities. The zoning flexibility ensures you can tailor the development to meet a wide variety of business needs. The property benefits from exceptional accessibility, situated along major thoroughfares including Route 43, Route 120, Route 41, and I-94 offering unparalleled connectivity for both customers and employees. Already anchored by prominent national retailers such as Walmart and Aldi, which collectively promise to drive significant foot traffic to the area. Envision your business thriving in this dynamic landscape, where development opportunities abound and the future is bright. Connect with us to explore this prime real estate opportunity and be part of Waukegan's next wave of growth!
Property Details
Property Type
- Land
Est. Annual Taxes
- $9,378
Lot Details
- 5.88 Acre Lot
- Lot Dimensions are 266 x 845
- Property fronts a county road
- Property is zoned COMMR
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,258 | $81,044 | $81,044 | -- |
| 2023 | $9,258 | $75,243 | $75,243 | -- |
| 2022 | $9,016 | $73,052 | $73,052 | $0 |
| 2021 | $8,410 | $70,121 | $70,121 | $0 |
| 2020 | $8,284 | $68,397 | $68,397 | $0 |
| 2019 | $8,181 | $66,411 | $66,411 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | Price Changed | $999,500 | +99950.1% | -- |
| 07/14/2025 07/14/25 | For Sale | $999 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $1,295,000 | First American Title Ins Co | |
| Special Warranty Deed | -- | First American Title | |
| Warranty Deed | $800,000 | First American Title | |
| Warranty Deed | $1,278,500 | The Talon Group |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,750,000 | Unknown |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12419451
APN: 07-36-103-024
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