1250 O'plaine RdGurnee, IL 60031

For Sale
$975,000

Prime 1.91-acre lot near new casino

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 1.91-acre (83,200 sq ft) commercial land parcel in Gurnee, IL, presents a rare development opportunity. Located at 1250 O'Plaine Rd (APN: 07-35-100-24, 07-35-100-25), this fee-simple property boasts 340 feet of frontage, situated at a stoplight intersection with high visibility from I-94 and proximity to Route 120 and Route 137. Currently zoned CR (Conservation Recreation), the property offers significant potential for multi-unit residential or commercial development, subject to zoning changes. The site's strategic location is only four minutes from the new $375 million American Place casino in Fountain Square, promising substantial future growth and increased traffic. The current daily traffic volume on O'Plaine Road is 11,000 vehicles, while I-94 sees 170,000 vehicles daily. This presents a unique chance to capitalize on the anticipated surge in demand for retail, restaurants, and other amenities to serve the casino and surrounding residential areas. The asking price is $975,000 ($11.71/sq ft). The property comprises two lots: a 0.92-acre north lot (43,124 sq ft) and a 0.99-acre south lot (40,075 sq ft), with combined 2022 property taxes totaling $4,457. This is a legacy investment opportunity with substantial upside potential.

Highlights

  • 1.91-acre (83,200 sq ft) commercial land parcel in Gurnee, IL, offering a rare development opportunity.
  • Fee-simple ownership with 340 feet of frontage at a signalized intersection, highly visible from I-94, near Route 120 and Route 137.
  • Currently zoned CR (Conservation Recreation), suitable for multi-unit residential or commercial development (zoning change required).
  • Prime location, four minutes from the new $375 million American Place casino, benefiting from high traffic counts (11,000 vehicles daily on O'Plaine Road, 170,000 on I-94).
  • Asking price: $975,000 ($11.71/sq ft); 2022 property taxes: $4,457.

Property Details for 1250 O'plaine Rd

Property type
Other land, Land
Lot Size (sq. ft)
83,200 SF

Location Insight

City
Gurnee
County
Lake
State
Illinois
Latitude
42.3379638
Longitude
-87.9154187
1250 O'plaine Rd, Gurnee, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1250 O'plaine Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message