Retail Investment Property with 5%
990 S Waukegan Rd. Lake Forest, IL 60045
990 S Waukegan Rd., Lake Forest, IL, 60045
Contact for pricing
For Sale
Contact for pricing
Retail property offered with stated 5% cap rate and 12,046-square-foot building for sale.
Property Size12,046 SF
Price / SF$530.47
Days on Market24
Property Features for 990 S Waukegan Rd.
General Information
- Standard status
- Active
- Size
- 12,046 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2002
Listing agency
Quantum Real Estate Advisors
Listed by
Dan Sanfilippo · License #475218594
Source
Crexi
Added: Jun 29 Updated: Jul 22 at 7:25AM Checked: Jul 22 at 7:25AM
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 Quantum Real Estate Advisors
Investment Insights
Based on property information with market context.
This for-sale retail investment property is presented with a stated 5.00% cap rate and a 12,046-square-foot building. The offering is categorized across commercial property types including retail spaces.
The property is located at 990 S. Waukegan Rd. in Lake Forest, Illinois (60045).
The property is located at 990 S. Waukegan Rd. in Lake Forest, Illinois (60045).
Key Highlights
- Retail property built in 2002
- 12,046 SF retail building
- Stated 5.00% cap rate
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 | $303.6k | $25.20 |
| − Vacancy | −$7.9k | −$0.66 |
| EGI | $295.7k | $24.54 |
| − OpEx | −$73.9k | −$6.14 |
| NOI | $221.7k | $18.41 |
12,046 SF · lease $25.20/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.17M
$2.77M – $3.70M
NOI $221,750 @ 7.0% cap · market cap 3.47%
Second Best
Retail
$1.76M
$1.54M – $2.05M
NOI $123,194 @ 7.0% cap · market cap 1.93%
Theoretical Best
Office A
$4.16M
$3.64M – $4.85M
NOI $291,125 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Retail property offered with stated 5% cap rate and 12,046-square-foot building for sale.
Where is this bank located?
The property is located at 990 S Waukegan Rd. Lake Forest, IL.
What is the asking price?
The asking price for this property is $6,390,000.
What are key features of this property?
This property features: Retail property built in 2002; 12,046 SF retail building; Stated 5.00% cap rate
