Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2000 Grand Ave Waukegan, IL 60085

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $515,000

    Prime retail property leased to national tenant, strong cap rate.

    Lot size:
    0.36 Acres

    Property Features for 2000 Grand Ave

    General Information

    Lot size
    0.36 Acres

    Source: Keller Williams Realty Signature LP Agent Derrick Kunz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Investment Opportunity in Waukegan

    This retail property is located on West Grand Avenue in Waukegan. The property is currently leased to Oportun (OPRT), a national tenant. The lease includes a corporate guarantee. The property is located in a commercial corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8573281
    Latitude
    42.3705837

    Nearby Similar for Sale

    • $349,900
      3,912 SF

      Downtown Waukegan Commercial Building For Sale

      B-5 commercial building in downtown Waukegan, ideal for various businesses.
      319 N County St, Waukegan, IL 60085
      View Details
    • New
      $250,000
      Pending

      Waukegan Two-Unit Residential Property

      Spacious two-unit property with income potential in Waukegan, Illinois.
      610 Bluff St, Waukegan, IL 60085
      View Details
    • New
      $309,900

      Waukegan Residential Income Opportunity

      Two-unit property with spacious units and garage on corner lot.
      1525 North Ave, Waukegan, IL 60085
      View Details
    • $750,000
      10,894 SF

      Waukegan Office Building For Sale

      Well-maintained office building in prime location, ideal for investors.
      222 N County St, Waukegan, IL 60085
      View Details
    • $250,000
      1,600 SF

      Updated Office with Ample Parking

      Updated office building with full basement and ample parking.
      927 W Glen Flora Ave, Waukegan, IL 60085
      View Details
    • $283,975
      3,840 SF

      Waukegan Mixed-Use Investment Opportunity

      Mixed-use property with retail storefront and apartments in Waukegan.
      726 10Th St, Waukegan, IL 60085
      View Details

    FAQs

    What type of property is this?
    Bank - Prime retail property leased to national tenant, strong cap rate.
    Where is this bank located?
    The property is located at 2000 Grand Ave Waukegan, IL.
    What is the asking price?
    The asking price for this property is $515,000.
    What are key features of this property?
    This property features: - High-visibility location in a commercial corridor.; - Currently leased to Oportun (OPRT), a well-established national tenant.; - Strong cap rate of over 8%.
    (815) 979-1000
    Request Owner's contact information
    2000 Grand Ave Waukegan, IL 60085
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2000 Grand Ave
    Waukegan, IL 60085
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    2000 Grand Ave Waukegan, IL 60085
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.