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Property Description
Waukegan Rd (IL-43) Commercial Pad | 12,500 SF Zoned GC | Sale, Ground Lease or Build-to-Suit. 12,500 SF (0.29 acre) commercial lot with 100 feet of frontage on Waukegan Road in unincorporated Lake County, with a Lake Bluff address. For sale at $499,000; ground lease at $4,000 per month ($48,000 per year) NNN with rent increases every 5 years; or build-to-suit from $130,000 per year NNN, depending on the building. The two lots total 100 ft x 125 ft, with a platted alley along the rear. Zoned GC General Commercial. The county's use table lists restaurant or coffee shop, retail, office and medical office as permitted uses, subject to county site plan review. Building, engineering and IDOT access permits also apply. County standards allow up to 3,750 SF of building (0.30 FAR) and a height of up to 35 ft. Under the county's parking table, the lot supports roughly 3,000 SF of retail or up to 3,750 SF of office, subject to county review. Waukegan Rd carries 20,400 vehicles per day (IDOT, 2025). Rockland Rd (IL-176) is a quarter mile south. Water from Lake County Public Works; sewer from the North Shore Water Reclamation District. Outside the 100-year floodplain. An older house and garage are on site today. Buyer or tenant to verify all information, including zoning and permitted uses with Lake County.
Full Property Details
Full Property Details for 826 Smith Ave
General
- Price: $499,000
- Taxes: $10,603 (2025)
- Status: Active
- Type: Lots/Land
- Source: MRED
- MLS ID: 12782308
- Updated: 10/14/2026
- Added to Site: 1 day(s) ago
Location
- Area: Lake Bluff
- County: Lake
- Township: Shields
- Driving Directions: Rockland Rd (IL-176) to Waukegan Rd (IL-43), north about 1/4 mile to Smith Ave. Lot is on the east side of Waukegan Rd between Smith Ave and Blodgett Ave.
School Information
- School District: 65
- Elem School District: 65
- Midd School District: 65
- High School District: 115
- Elementary School: Lake Bluff Elementary School
- Middle School: Lake Bluff Middle School
- High School: Lake Forest High School
- Private School: Lake Forest High School
Utilities
- Water: Municipal Water
- Onsite: Electricity Nearby, Sewer Nearby
Structural Information
- Square Feet: 0.29
- Current Bldg. Use: Commercial
Lot Features
- Lot Size (Acres): 0.29
- Lot Size (Sq. Ft.): 12,500
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 100 x 125 x 100 x 125
- Frontage: State Road
- Frontage Feet: 100
- Street/Road Desc.: Asphalt
- Potential Use: Commercial, Retail
- Zoning: COMMR
Financial Considerations
- Lease Price: $4,000
- Tax Amount: $10,603.34
- Tax Year: 2025
- Tenant Pays: Taxes, Insurance, Repairs
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 12183300030000
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Schools
Schools serving 826 Smith Ave
School Districts:Lake Bluff Elementary School District 65, Lake Forest Community High School District 115
| Name | Grades | Distance |
|---|---|---|
Lake Bluff Elementary School, Lake Bluff, IL 350 West Washington Avenue, Lake Bluff, IL 60044 | K-5 | 1.2 mi |
Lake Bluff Middle School 31 East Sheridan Place, Lake Bluff, IL 60044 | 6-8 | 2 mi |
Lake Forest High School 1285 North McKinley Road, Lake Forest, IL 60045 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 826 Smith Ave
Date
Details
Price
Change
Source
10/14/2026
Listed
$499,000
24.75%
MLS
4/17/2006
Sold
$400,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 826 Smith Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,593
2%
$57,703
7%
2024
$3,507
23%
$53,977
8%
2023
$2,856
2%
$49,758
20%
2022
$2,788
2%
$41,432
1%
2021
$2,731
4%
$41,075
-1%
2020
$2,635
—
$41,302
2%
2019
$2,640
5%
$40,544
4%
2018
$2,512
2%
$39,144
2%
2017
$2,472
4%
$38,490
5%
2016
$2,386
1%
$36,636
6%
2015
$2,367
-2%
$34,497
—
2014
$2,417
3%
$34,497
—
2013
$2,355
7%
$34,508
-4%
2012
$2,198
—
$36,114
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 826 Smith Ave
826 Smith Avenue, Lake Bluff, IL 60044 (MLS# 12782308) is a Lots/Land property with a lot size of 0.29 acres. 826 Smith Avenue is currently listed for $499,000 and was received on October 14, 2026. Want to learn more about 826 Smith Avenue? Do you have questions about finding other Lots/Land real estate for sale in Lake Bluff? You can browse all Lake Bluff real estate or contact a Coldwell Banker agent to request more information.

