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    919 Green Bay Rd Waukegan, IL 60085

    Sponsored
    For Sale
    $2,200,000

    Freestanding building, high visibility, strong location.

    Property size:
    3,129 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional freestanding retail building presents a compelling investment or owner-user opportunity in Waukegan, IL. Located at 919 N Green Bay Rd, this 3,129 square-foot property sits on a 1.21-acre lot and boasts a prime location near the intersection of Grand Avenue (Route 132), offering high visibility and accessibility. Built in 1994, the single-story building is currently vacant and zoned B3, providing flexibility for various uses, including QSR, restaurant, or storefront retail. The property features three points of ingress/egress, ample parking for up to 50 vehicles, and benefits from its proximity to major retailers such as Jewel-Osco, Walgreens, and Burger King, ensuring high traffic volume. Situated along a heavily trafficked corridor with 29,800 daily vehicles, and conveniently located near a PACE bus stop, Route 41, and I-94, this property offers unparalleled exposure and convenience. The asking price is $2,200,000, translating to $703.10 per square foot. This rare freestanding building presents a unique opportunity for development or immediate occupancy in a thriving business corridor. The property's attributes make it ideal for a variety of businesses seeking high visibility and convenient access.

    Property Features for 919 Green Bay Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,129 SF
    Lot Size
    52,708 SF

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    1

    HighLights

    • Exceptional 3,129 SF freestanding retail building in Waukegan, IL, on a 1.21‑acre lot.
    • Prime location at 919 N Green Bay Rd, near Grand Ave (Route 132), with high visibility and accessibility.
    • Vacant, 1994 construction, B3 zoning, suitable for QSR, restaurant, or retail; three points of ingress/egress.
    • Ample parking (50+ spaces), near Jewel‑Osco, Walgreens, and Burger King, high traffic area (29,800 VPD).
    • Convenient access to PACE bus, Route 41, and I‑94; $2,200,000 asking price ($703.10/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8819263
    Latitude
    42.3728013

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    FAQs

    What type of property is this?
    Individual retail property - Freestanding building, high visibility, strong location.
    Where is this individual retail property located?
    The property is located at 919 Green Bay Rd Waukegan, IL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Exceptional 3,129 SF freestanding retail building in Waukegan, IL, on a 1.21-acre lot.; Prime location at 919 N Green Bay Rd, near Grand Ave (Route 132), with high visibility and accessibility.; Vacant, 1994 construction, B3 zoning, suitable for QSR, restaurant, or retail; three points of ingress/egress.
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    919 Green Bay Rd Waukegan, IL 60085
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    Waukegan, IL 60085
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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
    919 Green Bay Rd Waukegan, IL 60085
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