ONCE IN A LIFETIME LEGACY OPPORTUNITY! 83,200 SF lot/1.91 acres at the stoplight intersection at 1250+60 S. O'Plaine and McGaw with 340 feet of frontage adjacent to I-94 just a little south of route 120. This is only 4 MINUTES from the massive $375 million casino in Fountain Square called AMERICAN PLACE. The temporary version of this is already opened. This will transform Waukegan the same way the riverboat in Elgin did. This could be ideal for R-5 development, there will be a need for multi-housing for the casino employees nearby. Multi-unit and commercial requests will require a zoning change. Located between Route 120 and Route 137 which is adjacent to multiple residential subdivisions. There is a real need for convenience stores, restaurants, gas, stations, branch banks, etc. on the O'Plaine corridor. Traffic will probably expand exponentially area wide once the casino opens fully for business within the next two years. Current VPD is 11k on O'Plaine and 170,000 on I-94. Google earth the site to observe the adjacent areas for ideas. The Pritzker family owns 40 acres on the other side of the tollway and will eventually be slated for development once the area becomes active. Two parcel site with two pins, 07-35-100-024+025. SEE ATTACHMENTS FOR ADDITIONAL DETAILS. Drive by only, GUARD DOGS on duty.
Property Details
Property Features
Listing Office:
Office Name: EXIT Strategy Realty
Office Phone: (312) 554-5478
Listing Agent: John Zimmers
Lot Features
Lot Information:
Lot Size: 2.00 Acres
Other
Directions Information:
Directions: Exit off Tollway 294 North at 137 and go west to O'Plaine and turn right, or exit 120 and go east and turn right onto O'Plaine. Property intersects McGraw.
Price Information
Listing Price Info
Price Summary:
List Price: $950,000
Tax Information:
Annual Amount: $2,682
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Gurnee, IL.
This property is $611.3K more than the Median Sold Price in Gurnee, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MRED
MLS Number: #12000690
Listing Office:
Office Name: EXIT Strategy Realty
Office Phone: (312) 554-5478
Listing Agent: John Zimmers
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
A J Katzenmaier Academy
1829 Kennedy Dr
Distance between this listing and this school2.82 miles
Public District Grades 4-5
5
/10
Woodland Elementary School
17261 W Gages Lake Rd
Distance between this listing and this school2.97 miles
Public District Grades 1-3
3
/10
Washington Elementary School
110 S Orchard Ave
Distance between this listing and this school3.02 miles
Public District Grades KG-5
Nearby Schools
3
/10
Viking School
4460 Old Grand Ave
Distance between this listing and this school2.35 miles
Public District Grades 6-8
9
/10
Oak Grove Elementary School
1700 Oplaine Rd
Distance between this listing and this school2.48 miles
Public District Grades KG-8
5
/10
River Trail School
333 N Oplaine Rd
Distance between this listing and this school2.48 miles
Public District Grades KG-8
Nearby Schools
1
/10
Waukegan High School
2325 Brookside Ave
Distance between this listing and this school3.24 miles
Public District Grades 9-12
2
/10
North Chicago Community High School
1717 17th St
Distance between this listing and this school3.25 miles
Public District Grades 9-12
6
/10
Warren Township High School
34090 N Almond Rd
Distance between this listing and this school3.65 miles
The neighbors living near this home have an average income of $95,588. The majority of Gurnee, IL residents have income between $35k-100k annually. The most common type of family is married, with kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1250 S Oplaine Rd
What is the listing price of this property?
The listing price of 1250 S Oplaine Rd property is $950,000.
What type of property is this?
The property 1250 S Oplaine Rd is land located in Gurnee, Illinois, 60031.
Is this property for sale now?
Active Listing: 1250 S Oplaine Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $2,682 (source: MLS/based on county public records data).
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This home is located at 1250 S Oplaine Rd in Gurnee, IL and zip code 60031. This home sits on a 2.00 acre lot. It has been listed on Rocket Homes since March 10, 2024 and is currently priced at $950,000.
In October 2024, from all listings sold in Gurnee, IL there were more than 7 sold above asking price, over 18 sold below and more than 10 were sold right at the asked price. Between September 2024 and October 2024, Gurnee, IL real estate market has seen increase in the number of listings by 21.4%. The median list price of listings available in October 2024 was $338,666, while the average time on the real estate market was 17 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved. 
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