200 N Green Bay Rd, Waukegan, IL 60085

Northmarq is pleased to present 200 N. Green Bay, a ±5.69-acre retail, multifamily, or mixed-use development opportunity located in Waukegan, Illinois, within the North Chicago submarket, one of the most significant employment corridors in the Chicago metropolitan area and home to more than a dozen Fortune 500 headquarters. Positioned along the western shores of Lake Michigan and centrally located between the Chicago and Milwaukee metropolitan areas, the site benefits from strong regional demand drivers, immediate access to major transportation corridors, and proximity to a deep, diversified employment base anchored by global healthcare, pharmaceutical, manufacturing, and corporate headquarters users. Zoned B-3, General Commercial, the property permits retail, restaurant, and office uses by-right, with mixed-use multifamily permitted via conditional use approval. The zoning also allows building heights up to 100 feet, providing potential for higher-density mixed use development. With its combination of scale, visibility, connectivity, and proximity to major employment and lifestyle amenities, 200 N. Green Bay presents a compelling opportunity for retail, multifamily, or mixed-use development, in a durable and supply-constrained market.