Properties

Features

Utilities : Water Nearby , Electricity Nearby , Natural Gas Nearby

Address Map

Country : US

State : IL

County : Lake

City : Waukegan

Zipcode : 60085

Street : Market

Street Suffix : Street

Longitude : W88° 10' 18.3''

Latitude : N42° 21' 6.1''

Directions : EAST SIDE OF MARKET STREET BETWEEN NORTH WATER STREET AND SOUTH AND TERMINUS OF CUMMING AVE

Mls Area Major : Park City / Waukegan

Neighborhood

Elementary School District : 60

High School District : 60

Middle Or Junior School District : 60

Additional Information

Current Use : Other

Lot Size Dimensions : 211X275

Possible Use : Development,Multi-Family,Single Family,Special Use,Zoning Change Required,Other

Water Source : Municipal Water

Office Name : Kornerstone Realty Group, Inc.

Listing Agent Name : John Kantor

Financial

Tax Annual Amount : 22188.05

Listing Information

List Agent Mls Id : 126095

List Office Mls Id : 12709

Originating System Name : MRED

Special Listing Conditions : None

Listing Information

Mls Status : New

Modification Timestamp : 2026-05-18T21:15:03Z

Status Change Timestamp : 2026-05-18T21:13:29Z

Property Description

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!!