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    For Sale (46)

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    Land with Lake Michigan View
    Contact for pricing
    0.16 Acres

    Land with Lake Michigan View

    Land near Lake Michigan, downtown Waukegan, with survey.

    312 Oak St, Waukegan, IL 60085
    View details
    Beach Park Vacant Land Opportunity
    $175,000
    7.00 Acres

    Beach Park Vacant Land Opportunity

    7 acres of R2 zoned land with development potential.

    10925 W 34Th St, Beach Park, IL 60099
    View details
    Residential Land in Waukegan, IL
    $35,000
    0.23 Acres

    Residential Land in Waukegan, IL

    Residential land available in Waukegan, Illinois.

    2810 W Atlantic Ave, Waukegan, IL 60085
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    Land in Winthrop Harbor, IL
    Contact for pricing
    0.30 Acres

    Land in Winthrop Harbor, IL

    Vacant land available in Winthrop Harbor, Illinois.

    1116 Pennsylvania Ave, Winthrop Harbor, IL 60096
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    Winthrop Harbor Land For Sale
    Contact for pricing
    0.29 Acres

    Winthrop Harbor Land For Sale

    Residential land available in Winthrop Harbor, Illinois.

    1105 Pennsylvania Ave, Winthrop Harbor, IL 60096
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    Grayslake Commercial Property for Sale
    $599,900
    0.14 Acres

    Grayslake Commercial Property for Sale

    Commercial property in Grayslake, IL, zoned COMMR, for sale.

    102-106 Center St, Grayslake, IL 60030
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    Residential Land in Emerald Shores
    $33,900
    0.21 Acres

    Residential Land in Emerald Shores

    Residential land with wooded and lake views in Ingleside, IL.

    26297 W Larkin Ln, Ingleside, IL 60041
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    Winthrop Harbor Land For Sale
    Contact for pricing
    0.31 Acres

    Winthrop Harbor Land For Sale

    Residential land available in Winthrop Harbor, Illinois.

    1108 Pennsylvania Ave, Winthrop Harbor, IL 60096
    View details
    Downtown Waukegan Office Building
    $469,975
    0.04 Acres

    Downtown Waukegan Office Building

    Three-story office building in downtown Waukegan near Lake Michigan.

    5 S County St, Waukegan, IL 60085
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    Fox Lake Boat Slips Rental
    Contact for pricing

    Fox Lake Boat Slips Rental

    Boat slips for rent with access to Chain O Lakes.

    8300 Reva Bay Ln, Fox Lake, IL 60020
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    Commercial Property in Wonder Lake
    $300,000
    0.31 Acres

    Commercial Property in Wonder Lake

    Commercial property available in Wonder Lake, Illinois.

    7312 Hancock Dr, Wonder Lake, IL 60097
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    Residential Land in Emerald Shores
    $42,900
    0.25 Acres

    Residential Land in Emerald Shores

    Residential land with wooded and lake views in Ingleside, IL.

    35080 N Ellen Dr, Ingleside, IL 60041
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    Mixed-Use Property in Waukegan, IL
    $283,975
    1,740 SF

    Mixed-Use Property in Waukegan, IL

    Mixed-use property with retail storefront and apartments in Waukegan.

    726 10Th St, Waukegan, IL 60085
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    Grayslake Storefront Building For Sale
    $899,900
    4,800 SF

    Grayslake Storefront Building For Sale

    Two-unit storefront building in Grayslake, fully rented, renovated in 2005.

    55 Barron Blvd, Grayslake, IL 60030
    View details
    Wonder Lake Commercial Block
    $250,000
    0.35 Acres

    Wonder Lake Commercial Block

    Commercial block with office building and land for sale.

    7314 Hancock Dr, Wonder Lake, IL 60097
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    Corner Parcel in Park City
    $44,900
    0.80 Acres

    Corner Parcel in Park City

    Commercial corner lot with high visibility and development potential.

    33564 Greenleaf St, Park City, IL 60085
    View details
    Wadsworth Buildable Wooded Homesite
    $200,000
    3.50 Acres

    Wadsworth Buildable Wooded Homesite

    3+ acre wooded homesite in desirable Wadsworth area.

    13388 W Wadsworth Rd, Wadsworth, IL 60083
    View details
    Commercial Land at Signalized Intersection
    $499,000
    2.23 Acres

    Commercial Land at Signalized Intersection

    Commercial development site with high visibility and redevelopment potential.

    3104 Rte 176, Prairie Grove, IL 60014
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    Fox Lake Boat Slips Rental
    Contact for pricing

    Fox Lake Boat Slips Rental

    Boat slips for rent with access to Chain O Lakes.

    8300 Reva Bay Ln, Fox Lake, IL 60020
    View details
    Residential Land in Emerald Shores
    $38,900
    0.24 Acres

    Residential Land in Emerald Shores

    Residential land with wooded and lake views in Ingleside, IL.

    26276 W Larkin Ln, Ingleside, IL 60041
    View details
    Wadsworth Land in Hunt Club
    $150,000
    2.34 Acres

    Wadsworth Land in Hunt Club

    2.34 acre lot in Hunt Club Farms ready to build.

    36537 N Fox Hill Dr, Wadsworth, IL 60083
    View details
    North Chicago Multifamily Property
    $269,900
    0.15 Acres

    North Chicago Multifamily Property

    Two-unit property with finished attic and basement, fenced yard.

    1025 Lincoln St, North Chicago, IL 60064
    View details
    Winthrop Harbor Land For Sale
    Contact for pricing
    0.31 Acres

    Winthrop Harbor Land For Sale

    Residential land available in Winthrop Harbor, Illinois.

    1117 Pennsylvania Ave, Winthrop Harbor, IL 60096
    View details
    Commercial Land in Fox Lake
    $299,900
    2.10 Acres

    Commercial Land in Fox Lake

    2 acre commercial land with utilities and road frontage.

    21 Hillside Dr, Fox Lake, IL 60020
    View details
    Ingleside Land For Sale
    $33,900
    0.23 Acres

    Ingleside Land For Sale

    Residential land in Emerald Shores subdivision with lake and wooded views.

    35063 N Emerald Shores Ct, Ingleside, IL 60041
    View details
    Wooded Homesite in Wadsworth, IL
    $57,500
    1.00 Acre

    Wooded Homesite in Wadsworth, IL

    One-acre wooded lot with walkout potential in Wadsworth, Illinois.

    16149 Scenic Ct, Wadsworth, IL 60083
    View details
    Skokie Turn-Key Investment Opportunity
    $859,900
    0.11 Acres

    Skokie Turn-Key Investment Opportunity

    Fully occupied Skokie 4-unit property with cash-flow potential.

    4956 Louise St, Skokie, IL 60077
    View details
    Land in Downtown Libertyville
    $150,000

    Land in Downtown Libertyville

    Platted lot near bike path, train, and amenities.

    E Sunnyside Ave, Libertyville, IL 60048
    View details
    Commercial Building at Signalized Corner
    $499,900
    0.31 Acres

    Commercial Building at Signalized Corner

    Freestanding commercial building suited for retail or office use.

    1200 N Green Bay Rd, Waukegan, IL 60085
    View details
    Industrial Land in Thriving Park
    $139,900
    0.70 Acres

    Industrial Land in Thriving Park

    Commercial land suitable for new business venture in Lake Villa.

    Park Ave, Lake Villa, IL 60046
    View details
    31.2 Acres in Lindenhurst, IL
    $879,840
    31.20 Acres

    31.2 Acres in Lindenhurst, IL

    31.2 acres of agricultural land with development potential.

    19414 W Grand Ave, Lindenhurst, IL 60046
    View details
    Waukegan Land For Sale
    $152,900
    1.41 Acres

    Waukegan Land For Sale

    1.41 acre corner lot ready for development in Waukegan.

    1730 W Beach Rd, Waukegan, IL 60087
    View details
    Winthrop Harbor Land For Sale
    Contact for pricing
    0.39 Acres

    Winthrop Harbor Land For Sale

    Residential land available in Winthrop Harbor, Illinois.

    2607 11Th St, Winthrop Harbor, IL 60096
    View details
    Retail Center with Upside Potential
    $1,499,000
    8,800 SF

    Retail Center with Upside Potential

    Newer retail center in Prairie Grove with redevelopment opportunity.

    3103 Rte 176, Prairie Grove, IL 60014
    View details
    Commercial Building Near National Retailers
    $375,000
    4,200 SF

    Commercial Building Near National Retailers

    4,200 SF commercial building in high-traffic location.

    131 E Rollins Rd, Round Lake Beach, IL 60073
    View details
    Grayslake Corner Location For Sale
    Contact for pricing
    3,150 SF

    Grayslake Corner Location For Sale

    Prime corner location in downtown Grayslake with redevelopment potential.

    102-106 Center St, Grayslake, IL 60030
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    Grayslake Retail Corner Property
    $629,900
    3,150 SF

    Grayslake Retail Corner Property

    High-traffic location, redevelopment potential

    102-106 Center St, Grayslake, IL 60030
    View details
    Glenwood Office Condo - Prime Location
    $199,975
    6,500 SF

    Glenwood Office Condo - Prime Location

    6,500 SF Office Space, High Visibility

    40 Nugent St, Glenwood, IL 60425
    View details
    Grayslake Retail Investment Opportunity
    $950,000
    8,380 SF

    Grayslake Retail Investment Opportunity

    Two-unit storefront, high-traffic location.

    55 Barron Blvd, Grayslake, IL 60030
    View details
    Land Near Lake Michigan
    Contact for pricing

    Land Near Lake Michigan

    Commercial land with partial lake view, close to downtown.

    312 Oak St, Waukegan, IL 60085
    View details
    Corner Parcel in Expanding Area
    $44,900

    Corner Parcel in Expanding Area

    Commercial corner parcel near new casino with development potential.

    33564 Greenleaf St, Park City, IL 60085
    View details
    Renovated Storefront Building on Highway
    Contact for pricing
    8,380 SF

    Renovated Storefront Building on Highway

    Two-unit storefront building with leases in place and parking.

    55 N Barron Blvd, Grayslake, IL 60030
    View details
    Land For Sale
    $42,900

    Land For Sale

    Land available in Ingleside, Illinois.

    35080 N Ellen Dr, Ingleside, IL 60041
    View details
    Winthrop Harbor Land For Sale
    Contact for pricing

    Winthrop Harbor Land For Sale

    Land available in Winthrop Harbor, Illinois.

    1105 Pennsylvania Ave, Winthrop Harbor, IL 60096
    View details
    Winthrop Harbor Land For Sale
    Contact for pricing

    Winthrop Harbor Land For Sale

    Land available in Winthrop Harbor, Illinois.

    1117 Pennsylvania Ave, Winthrop Harbor, IL 60096
    View details
    Winthrop Harbor Land For Sale
    Contact for pricing

    Winthrop Harbor Land For Sale

    Land available in Winthrop Harbor, Illinois.

    1116 Pennsylvania Ave, Winthrop Harbor, IL 60096
    View details

    For Lease (13)

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    Lakefront Commercial Property For Rent
    Contact for pricing
    63,001 SF

    Lakefront Commercial Property For Rent

    Lakefront commercial property with parking and lake views available for rent.

    12 N Pistakee Lake Rd, Fox Lake, IL 60020
    View details
    Remodeled Strip Center on Route 12
    Contact for pricing

    Remodeled Strip Center on Route 12

    Remodeled strip center with high visibility and affordable rent.

    145 Sayton Rd, Fox Lake, IL 60020
    View details
    Fox Lake Office Space Available
    Contact for pricing

    Fox Lake Office Space Available

    Office suites available in a newer building on Pistakee Lake.

    36 W Grand Ave, Fox Lake, IL 60020
    View details
    Gurnee Office Space For Rent
    Contact for pricing

    Gurnee Office Space For Rent

    Second floor office space available in Gurnee, Illinois.

    3840 Grandview Ave, Gurnee, IL 60031
    View details
    Fox Lake Commercial Space For Rent
    Contact for pricing

    Fox Lake Commercial Space For Rent

    Well-maintained commercial space with great access, parking, and visibility.

    145 Sayton Rd, Fox Lake, IL 60020
    View details
    Gurnee Commercial Space For Rent
    Contact for pricing

    Gurnee Commercial Space For Rent

    Commercial space in Gurnee, suitable for automotive or retail businesses.

    3816 Grandview Ave, Gurnee, IL 60031
    View details
    Commercial Property in Grayslake, Illinois
    Contact for pricing
    43,560 SF

    Commercial Property in Grayslake, Illinois

    Commercial property available for rent in Grayslake, Illinois.

    18880 Gages Lake Rd, Grayslake, IL 60030
    View details
    Upscale Strip Center in Prairie Grove
    Contact for pricing
    89,999 SF

    Upscale Strip Center in Prairie Grove

    Newer strip center with drive-through, storefronts, and former car wash.

    3103 Il Route 176, Prairie Grove, IL 60014
    View details
    Gurnee Commercial Space For Rent
    Contact for pricing

    Gurnee Commercial Space For Rent

    First floor commercial unit in Gurnee near Hwy 41.

    3840 Grandview Ave, Gurnee, IL 60031
    View details
    Office Space with Lake Views
    Contact for pricing

    Office Space with Lake Views

    Upscale office building on Pistakee Lake with suites available.

    38 W Grand Ave, Fox Lake, IL 60020
    View details
    Gurnee Commercial Space for Rent
    Contact for pricing

    Gurnee Commercial Space for Rent

    Convenient Gurnee location with multiple possibilities.

    3816 Grandview Ave, Gurnee, IL 60031
    View details
    Commercial Space in Antioch, IL
    Contact for pricing

    Commercial Space in Antioch, IL

    1000 sq ft commercial space for contractors in Antioch.

    25433 W Il Route 173, Antioch, IL 60002
    View details
    Upscale Professional Office Suite
    $26 SF/Yr

    Upscale Professional Office Suite

    Centrally located office suite with modern colors and tall ceilings.

    708 Florsheim Dr, Libertyville, IL 60048
    View details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    RE/MAX Plaza
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    RE/MAX Plaza
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