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2428 Wadsworth Rd - 3.62 Acres-Industrial 3.62 Acres of Industrial Land Offered at $750,000 in Waukegan, IL 60087
Investment Highlights
- Preliminary engineering and site plans are 90% complete, expediting future development timelines and costs.
- Excellent access to I-94 and Route 132 interchange for efficient regional transportation connectivity.
- Significant outdoor storage potential with planned contractor yard space and stormwater management systems.
- Located within Lake County, benefiting from a skilled labor force and business-friendly environment.
Executive Summary
This 3.62-acre parcel offers an exceptional opportunity for industrial development or outdoor storage in Waukegan, Illinois, a strategic location within Lake County. The site is zoned I1, accommodating a variety of industrial uses, and includes engineering and preliminary plans that are 90% complete, saving significant time in moving forward with development. The property is ideally suited for contractors, logistics operations, or businesses requiring a mix of yard space and building functionality. Conceptual plans include a proposed 10,000 to 20,000 square foot metal structure, adding flexibility for future expansion and operational needs. Located near W. Wadsworth Road with strong access to major transportation arteries, the site benefits from proximity to the I-94 and Route 132 interchange, ensuring efficient regional connectivity. Its location leverages Waukegan's robust labor market and Lake County's well-developed business infrastructure, creating a strong foundation for operational growth.
Property Facts
| Price | $750,000 | Property Subtype | Industrial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.62 AC |
| Property Type | Land | ||
| Zoning | I1 - Industrial | ||
| Price | $750,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 3.62 AC |
| Zoning | I1 - Industrial |
1 Lot Available
Lot
| Price | $750,000 | Lot Size | 3.62 AC |
| Price Per AC | $207,182.32 |
| Price | $750,000 |
| Price Per AC | $207,182.32 |
| Lot Size | 3.62 AC |
The lot consists of 3.62 acres configured to support both building and yard uses. Conceptual plans provide for versatile site functionality, including stormwater management with two basins.
Description
3.62-acre industrial lot located in Waukegan, IL with I1 zoning. Property includes stormwater design elements and preliminary engineering plans substantially complete. The site offers proximity to major highways including I-94 via the Route 132 interchange and is situated near Waukegan National Airport. Conceptual plans include outdoor contractor yard areas and an option for a metal building ranging from 10,000 to 20,000 square feet.
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 04-29-302-032 | Improvements Assessment | $0 |
| Land Assessment | $21,250 | Total Assessment | $21,250 |
Property Taxes
Parcel Number
04-29-302-032
Land Assessment
$21,250
Improvements Assessment
$0
Total Assessment
$21,250
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2428 Wadsworth Rd - 3.62 Acres-Industrial