1340-1350 Lewis Avenue, Waukegan, IL 60085
COMMERCIAL - Waukegan, IL
- Added:
- Nov 13, 2025
- Days on Market:
- 231
- Last Refresh:
- Jul 2 at 8:06 am
Property Features for 1340-1350 Lewis Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Active Under Contract
- APN
- 08171000210000
- Size
- 4,320 SF
- Lot size
- 0.96 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8510
Utilities
- Cooling system
- Other (Cooling)
Building Details
- Year built
- 1961
- Floors in Building
- 1
Listing agent Elizabeth Scheffler License #471008934 (847) 336-7333
Listing office Century 21 Circle 3425 W. Sunset, Waukegan, IL (847) 336-7333
Listing date Nov 13, 2025
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two free‑standing commercial buildings included.
- Combined square footage of buildings totals 7,670.
- Total lot size of 41,984 square feet.
- Formerly a tire shop and car wash.
- Two parcels being sold together.
- Built in 1961.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.9k | $25.20 |
| − Vacancy | −$2.8k | −$0.66 |
| EGI | $106.0k | $24.54 |
| − OpEx | −$26.5k | −$6.14 |
| NOI | $79.5k | $18.41 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waukegan
- County
- Lake
- State
- Illinois
- Longitude
- -87.8558911
- Latitude
- 42.3791156
