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    3375 Grand Ave Waukegan, IL 60085

    Sponsored
    For Lease
    $18 SF/Yr ($15,366 /Mo)

    Lake County, Class A, High Traffic

    Lot size:
    10,244 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A auto dealership in Lake County presents a unique investment opportunity. The property boasts a substantial 10,244 square foot building, currently operating as a fully functional car dealership. A key feature is the expansive 10-bay service department, well-equipped to handle a significant volume of repairs and maintenance. The dealership occupies a full city block, strategically positioned within Lake County's highest-traveled retail district, ensuring maximum visibility and accessibility to a large customer base. This prime location guarantees high foot traffic and significant brand exposure. The single-tenant occupancy simplifies management and provides a stable income stream. The property's classification as a Class A building reflects its superior construction, modern amenities, and overall excellent condition. This is a rare chance to acquire a well-established, high-performing automotive business in a coveted location. The significant vacant square footage (76,593 sq ft) presents potential for expansion or development, adding further value to this already impressive asset. Serious inquiries only. This is a turnkey operation ready for immediate revenue generation. The property is categorized as Special Purpose and is a single-tenant commercial property.

    Property Features for 3375 Grand Ave

    General Information

    Property type
    Automotive properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,244 SF
    Class
    A
    Total Rate
    15366

    Unit(s) available at that property

    Space
    Size
    10,244 SF
    Rate per SF
    $18

    HighLights

    • Class A special purpose property, 10,244 square feet.
    • Single‑tenant commercial property; car dealership.
    • Located in Lake County.
    • Fully functional dealership with a 10‑bay service department.
    • Situated on a full block in a high‑traffic retail area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carfect Used Car Dealer

    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
    -87.884454673309
    Latitude
    42.370437151055

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    FAQs

    What type of property is this?
    Automotive property - Lake County, Class A, High Traffic
    Where is this automotive property located?
    The property is located at 3375 Grand Ave Waukegan, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Class A special purpose property, 10,244 square feet.; Single-tenant commercial property; car dealership.; Located in Lake County.
    Request Owner's contact information
    3375 Grand Ave 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
    3375 Grand Ave Waukegan, IL 60085
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