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4045 York House Rd , Waukegan, IL 60087
$1,800,000
Est. Payment: $9,657.85/mo
5 Acres
Status: active | Days on site: 51
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88350 - 874108
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Exceptional redevelopment opportunity on approximately 5 acres, currently improved with an existing residential dwelling. Zoned I-1 (Restricted Industrial District), the property offers significant flexibility for a variety of industrial, commercial, and redevelopment uses (see attached zoning map). Strategically located adjacent to Oak Grove Business Park, the site benefits from immediate access to established industrial and commercial development, making it an attractive location for investors, developers, and owner-users. The property is encumbered by an active cell tower lease serving T-Mobile and Verizon. The cell tower and lease income are not included in the offering price; however, the lease is assignable, and ownership is willing to discuss a separate sale of the tower lease. Alternatively, the seller would consider subdividing approximately 0.5 acre for the cell tower site and conveying the remaining 4.5 acres independently. Additional highlights include: I-1 Restricted Industrial zoning Existing residential structure on site Adjacent to Oak Grove Business Park Potential to subdivide the cell tower parcel Flexible ownership structure with seller financing considered Seller open to reasonable cash offers combined with seller financing terms An additional 1.78-acre parcel immediately west of the property is also available under a separate listing. Acquisition and assemblage of both parcels would create access to a hard-corner location, further enhancing development potential and site visibility. This is a rare opportunity to acquire a strategically located industrial redevelopment site with flexible purchase options and future expansion potential.
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Highlights

Listed by Jeffrey Schultz , 847-420-3550 Kinzie Brokerage LLC , 847-383-6778. Midwest Real Estate Data mls logo

Property Type

Farm/Ranch
Lot/Acreage
5

County

Lake

Area

Park City / Waukegan

 School District

56

Listing ID

12624690

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Interior Features

Water:Well

Exterior Features

Lot Dimensions:465 x 429 x 465 x 428
Garage Capacity:0
Zoning:INDUS
Sewer:Septic Tank
Principal Interest
$9,658
Taxes
$1,067

Home Price

$1,800,000

Loan Details

30 yrs
7.08%

Down Payment

20%
$360,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,657.85

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,657.85 $1,066.50 $0.00 $10,724.35
Yearly $115,894.18 $12,798.00 $0.00 $128,692.18
Total $3,476,825.41 $383,940.00 $0.00 $3,860,765.41
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Market insight data is pulled from the same city as the listing being viewed (Waukegan, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T02:55:04.000Z

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