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    271 Waukegan Rd Northfield, IL 60093

    For Sale
    Contact for pricing

    Retail property with redevelopment potential and high visibility.

    Property size:
    17,000 SF
    Lot size:
    0.86 Acres

    Property Features for 271 Waukegan Rd

    General Information

    Size
    17,000 SF
    Lot size
    0.86 Acres

    Source: Metro Commercial Real Estate - Corporate Agent Steven Baer

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

    Overview

    Redevelopment Opportunity on Waukegan Road

    This retail property offers a redevelopment opportunity with significant surface-level parking. The property benefits from high visibility on Waukegan Road, which has a traffic volume of 19,472 vehicles per day. The property size is 17,000 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    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
    Northfield
    County
    Cook
    State
    Illinois
    Longitude
    -87.7977887
    Latitude
    42.0992454

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    FAQs

    What type of property is this?
    Retail property - Retail property with redevelopment potential and high visibility.
    Where is this retail property located?
    The property is located at 271 Waukegan Rd Northfield, IL.
    What are key features of this property?
    This property features: - Redevelopment possibility; - High visibility from Waukegan Rd (19,472 VPD); - Significant surface level parking
    (516) 637-2340
    Request Owner's contact information
    271 Waukegan Rd Northfield, IL 60093
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    Northfield, IL 60093
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    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
    271 Waukegan Rd Northfield, IL 60093
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