10-Bay Automotive Service
For Sale
$2,500,000
3375 Grand Ave, Waukegan, IL 60085
Automotive sales and repair facility with multiple drive-in doors, extensive vehicle parking, and retail-oriented exposure.
Property Size10,244 SF
Lot Size1.76 Acres
Price / SF$244.05
Days on Market81
Property Features for 3375 Grand Ave
General Information
Standard status
Active
Size
10,244 SF
Total Parking Spaces
170
Lot size
1.76 Acres
Site & Location
Traffic Count
29,600 vehicles/day
Road Access
Yes
Amenities
10 drive-in doors (14' tall)
10 bays
Building Details
Buildings
1
Listing Agency:
Strauss Realty Ltd
Listed By:
Adam Schneiderman · License #475149601
(773) 736-3600
Source:
Liveliferealty
Added: Jul 21
Changed: Sep 12
Last Checked: Oct 7 at 5:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Strauss Realty Ltd
Investment Insights
Based on property information with market context.
This automotive property includes a 10,244-square-foot building on 1.76 acres, configured with 10 service bays and 10 drive-in doors measuring 14 feet in height. The site provides parking for 170 vehicles and is zoned for automobile sales and automobile repairs, supporting both dealership and service functions.
Positioned on Grand Avenue in Waukegan between Green Bay Road and Route 41, the property records approximately 29,600 vehicles passing daily. The parcel occupies a full block in a retail district and sits next to Trio car wash. Surrounding commercial operators include Bex Furniture Outlet, Advance Auto Parts, Sherwin-Williams, Harbor Freight, Starbucks, Walgreens, McDonald's, and Chipotle.
Positioned on Grand Avenue in Waukegan between Green Bay Road and Route 41, the property records approximately 29,600 vehicles passing daily. The parcel occupies a full block in a retail district and sits next to Trio car wash. Surrounding commercial operators include Bex Furniture Outlet, Advance Auto Parts, Sherwin-Williams, Harbor Freight, Starbucks, Walgreens, McDonald's, and Chipotle.
Key Highlights
- 10,244 SF building on 1.76 acres
- 10 drive‑in doors, each 14' tall
- 10 automotive service bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,765
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,095,300
$2.1M
Cap Rate 7%
$1,496,643
$1.5M
Cap Rate 9%
$1,164,056
$1.2M
Market Conditions
NOI Build-Up for 10,244 SF
Gross rent
$153.7K $15.00/SF
− Vacancy
−$4.0K −$0.39/SF
EGI
$149.7K $14.61/SF
− OpEx
−$44.9K −$4.38/SF
NOI
$104.8K $10.23/SF
Area
Lake County, IL
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,095,300
Cap Rate 7%
$1,496,643
Cap Rate 9%
$1,164,056
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $104,765 @ 7.0% cap · market cap 4.19%
Second Best
Industrial
$630.0K
$551.2K – $735.0K
NOI $44,097 @ 7.0% cap · market cap 1.76%
Theoretical Best
Office A
$3.54M
$3.09M – $4.13M
NOI $247,575 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
29,600 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
205k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 33%
Groceries 25%
Home Improvements & Furnishings 4%
Jewel-Osco
Groceries
51,087 visits/mo
0.3 miles
McDonald's
Dining
34,133 visits/mo
0.1 miles
Thorntons
Shops & Services
20,694 visits/mo
0.2 miles
Dollar Tree
Shops & Services
17,513 visits/mo
0.1 miles
Starbucks
Dining
17,344 visits/mo
0.0 miles
Demographics for 60085, IL
71,609
Population
26,781
Households
2.7
Avg Household Size
33
Median Age
19%
College-Educated
74%
High-School Grad
14.8 sq mi
ZIP Area
4,838
Density / Sq Mi
$64,330
Median Household Income
$35,645
Median Earnings
$1,133
Median Rent
$164,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Arenas Auto Service — 3450 Washington St, Park City, IL 60085
- Pomp's Tire Service — 3430 Washington St, Waukegan, IL 60085
- Waukegan Tire - Park City — 3444 Washington St, Park City, IL 60085
- Taller City — 70 Noll St, Waukegan, IL 60085
- IMPORTS CAR CITY AUTO SERV, — 70 Noll St, Waukegan, IL 60085
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive sales and repair facility with multiple drive-in doors, extensive vehicle parking, and retail-oriented exposure.
Where is this auto shop located?
The property is located at 3375 Grand Ave Waukegan, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10,244 SF building on 1.76 acres; 10 drive‑in doors, each 14' tall; 10 automotive service bays
