Storefront with Open
For Sale
Contact for pricing
1807 Grand Avenue, Waukegan, IL 60085
The largely open interior can be finished to suit a range of retail configurations.
Property Size3,000 SF
Price / SF$0.00
Days on Market17
Property Features for 1807 Grand Avenue
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Other
Additional Details
Road Access
Yes
Building Details
Year Built
1950
Listing Agency:
Callahan Blandings & Schaper
(847) 249-0660
Listed By:
John Pantelopoulos · License #475097681
(224) 730-1953
Source:
Helenoliveri
Added: Oct 13
Changed: Oct 28
Last Checked: Oct 28 at 4:14PM
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 Callahan Blandings & Schaper
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,000-square-foot storefront was built in 1950 and has a mostly open interior that can be finished to suit the next occupant’s specifications.
The property is on Grand Avenue in Waukegan, where the reported traffic count exceeds 8,000 vehicles per day.
The property is on Grand Avenue in Waukegan, where the reported traffic count exceeds 8,000 vehicles per day.
Key Highlights
- 3,000 square feet of mostly open interior space
- Reported traffic volume of more than 8,000 vehicles per day on Grand Avenue
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,681
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,620
$613.6K
Cap Rate 7%
$438,300
$438.3K
Cap Rate 9%
$340,900
$340.9K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$45.0K $15.00/SF
− Vacancy
−$1.2K −$0.39/SF
EGI
$43.8K $14.61/SF
− OpEx
−$13.1K −$4.38/SF
NOI
$30.7K $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%
$613,620
Cap Rate 7%
$438,300
Cap Rate 9%
$340,900
Alternative Uses
Best Use
Retail
$438.3K
$383.5K – $511.4K
NOI $30,681 @ 7.0% cap · market cap 383,512.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$906.3K – $1.21M
NOI $72,503 @ 7.0% cap · market cap 906,287.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
47k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 22%
Electronics 14%
Shell
Shops & Services
9,099 visits/mo
0.4 miles
Mobil
Shops & Services
7,771 visits/mo
0.2 miles
Citgo
Shops & Services
6,675 visits/mo
0.1 miles
Domino's Pizza
Dining
6,599 visits/mo
0.3 miles
Exxon
Shops & Services
6,387 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Mundo Infantil Floreria & Dulceria — Waukegan, IL 60085
- Yaneth Flower Shop — 908 Washington St, Waukegan, IL 60085
- Envy Floral Affairs — 234 N Jackson St, Waukegan, IL 60085
Frequently Asked Questions
What type of property is this?
Storefront property - The largely open interior can be finished to suit a range of retail configurations.
Where is this storefront property located?
The property is located at 1807 Grand Avenue Waukegan, IL.
What are key features of this property?
This property features: 3,000 square feet of mostly open interior space; Reported traffic volume of more than 8,000 vehicles per day on Grand Avenue; Built in 1950
