29021 Waukegan rd 0.29 Acres of Commercial Land for Lease in Lake Bluff, IL 60044

Positioned in the heart of Lake Bluff’s Knollwood neighborhood, this 12,500 SF parcel offers a rare opportunity for ground lease or build-to-suit development in one of Chicago’s most affluent North Shore communities. With 100 feet of frontage along Waukegan Road (IL Route 43), the site benefits from high visibility and traffic counts exceeding 17,900 vehicles per day, making it ideal for retail, medical, or service-oriented uses.

The parcel can accommodate up to a 2,000 SF building, offering flexibility for single-tenant or boutique multi-tenant concepts. The surrounding area is anchored by national brands including Target, Walgreens, Panera Bread, Chipotle, Anytime Fitness, and Chase Bank, creating a strong co-tenancy environment and consistent consumer draw. The site is also adjacent to Knollwood Club and near major employers such as Abbott Laboratories and Rosalind Franklin University, enhancing daytime population and workforce traffic.

Demographics within a 3-mile radius show a total population of 35,449 and an average household income of $182,543, with daytime population reaching 67,688—underscoring the area’s strong economic profile and retail potential. The property’s location within Lake County offers access to a stable residential base and proximity to major thoroughfares including I-94 and Route 176.

This site is ideal for tenants seeking a high-income trade area with strong visibility and access, or developers looking to capitalize on build-to-suit flexibility in a proven retail corridor.