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    2030 Grand Ave Lindenhurst, IL 60046

    Sponsored
    For Lease
    $240 SF/Yr

    Prime Lindenhurst retail space, single tenant.

    Lot size:
    4,292 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,292 square foot retail property, located at 2030 E Grand Ave in Lindenhurst, Illinois, presents a unique investment opportunity. Built in 2007, this single-tenant building sits on a 1.42-acre lot and is ideally situated for continued success. The current lease agreement extends until March 2037, providing long-term stability and predictable income. The property's flexible design allows for subdivision, with the potential to create two separate 2,146 square foot spaces, catering to a wider range of potential tenants. Lindenhurst's thriving business environment, home to over 30 Fortune 500 companies across diverse industries, ensures a strong market for retail ventures. The property benefits from its convenient location just west of Gurnee Mills Mall, the largest outlot and shopping destination in the area, guaranteeing high visibility and foot traffic. This presents a compelling opportunity for investors seeking a stable, long-term investment in a prime retail location within a robust economic environment. The property's size and flexibility make it suitable for a variety of retail uses, offering significant potential for future growth and profitability. The zip code is 60046.

    Property Features for 2030 Grand Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,292 SF
    Total Rate
    85840

    Unit(s) available at that property

    Space
    Size
    4,292 SF
    Rate per SF
    $240

    HighLights

    • 4,292 SF retail building on a 1.42‑acre lot in Lindenhurst, IL (60046).
    • Built in 2007, single‑tenant occupancy.
    • Lease extends to March 2037.
    • Flexible design allows for subdivision into two 2,146 SF units.
    • Prime location near Gurnee Mills Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lindenhurst
    County
    Lake
    State
    Illinois
    Longitude
    -88.0323096
    Latitude
    42.4100794

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    FAQs

    What type of property is this?
    Retail property - Prime Lindenhurst retail space, single tenant.
    Where is this retail property located?
    The property is located at 2030 Grand Ave Lindenhurst, IL.
    What is the lease rate?
    The lease rate is $240 SF/Yr.
    What are key features of this property?
    This property features: 4,292 SF retail building on a 1.42-acre lot in Lindenhurst, IL (60046).; Built in 2007, single-tenant occupancy.; Lease extends to March 2037.
    Request Owner's contact information
    2030 Grand Ave Lindenhurst, IL 60046
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    Lindenhurst, IL 60046
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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
    2030 Grand Ave Lindenhurst, IL 60046
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