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

    39023 N Green Bay Rd Beach Park, IL 60099

    For Sale
    $3,870,968

    NNN leased Walgreens in Chicago MSA with recent lease extension.

    Property size:
    14,547 SF
    Lot size:
    2.02 Acres

    Property Features for 39023 N Green Bay Rd

    General Information

    Size
    14,547 SF
    Lot size
    2.02 Acres

    Source: The Boulder Group - Corporate Agent Randy Blankstein

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

    Overview

    Walgreens NNN Lease Opportunity

    This property is positioned within the Chicago MSA, ranked #3 in the United States for population size. The property has an established operating history since 2005. The location benefits from its position on a signalized hard corner along Green Bay Road and Wadsworth Road, with a combined traffic count of 27,700 vehicles per day. It is also in proximity to Route 41 (31,700 VPD) and Interstate 94 (66,800 VPD). The property is adjacent to Waukegan National Airport. The surrounding area has a dense population, with over 127,000 people living within a five-mile radius. The average household income within one mile is $113,848. The property is minutes from Illinois State Beach Park, which attracts 1.25 million annual visitors. The property is suitable for retail and NNN investment. Walgreens is ranked #27 on the Fortune 500 list for total Revenue (2024). A recent lease extension through March 2034 demonstrates commitment. The NNN lease structure means there are no landlord responsibilities. There is limited drug store competition in the area. The property size is 14,547 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carol Comstock, RPH Pharmacy Skincare Solutions Store Skin Care Clinic Walgreens Drug Store COVID-19 Drive-Thru Testing ... Pharmacy Walgreens Pharmacy Pharmacy

    Suggested Use

    Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness Pharmacy Auto Parts Store Skin Care Clinic

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

    Similar Places Nearby

    Carol Comstock, RPH, COVID-19 Drive-Thru Testing at Walgreens, Walgreens Pharmacy, Cheryl Tersip

    Location Insight

    • Map
    • Local Demand
    City
    Beach Park
    County
    Lake
    State
    Illinois
    Longitude
    -87.8757799
    Latitude
    42.4290164

    Nearby Similar for Sale

    • New
      $405,000

      Beach Park Mixed-Use Opportunity

      Multi-parcel commercial site with high visibility and development potential.
      38488 N Sheridan Rd, Beach Park, IL 60087
      View Details
    • Contact for pricing
      2,322 SF

      Wadsworth Road Redevelopment Opportunity

      Property suitable for reuse or redevelopment in Beach Park, IL.
      11411-1143 W Wadsworth Rd, Beach Park, IL 60099
      View Details
    • $4,724,409
      14,547 SF

      Walgreens Net Lease Investment

      High-traffic Chicago MSA location, strong tenant.
      39023 Green Bay Rd, Beach Park, IL 60087
      View Details

    FAQs

    What type of property is this?
    Drug store - NNN leased Walgreens in Chicago MSA with recent lease extension.
    Where is this drug store located?
    The property is located at 39023 N Green Bay Rd Beach Park, IL.
    What is the asking price?
    The asking price for this property is $3,870,968.
    What are key features of this property?
    This property features: - Recent lease extension through March 2034 demonstrates commitment.; - NNN lease structure - no landlord responsibilities.; - Located on a signalized hard corner along Green Bay Road & Wadsworth Road (27,700 VPD).
    (847) 562-8500
    Request Owner's contact information
    39023 N Green Bay Rd Beach Park, IL 60099
    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.
    39023 N Green Bay Rd
    Beach Park, IL 60099
    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
    39023 N Green Bay Rd Beach Park, IL 60099
    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.