Property profile

994 Waukegan Rd Waukegan, IL 60085

OFF-MARKET
Retail properties & Spaces
Built 2022
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Property summary

AI-generated overview

This exceptional 2,000-square-foot retail space presents a unique opportunity for a discerning buyer in the desirable Fountain Square submarket of Waukegan. Located in a Class A building constructed in 2022, this single-tenant property is a blank canvas, ready for immediate customization. The space is a vacant shell, offering complete flexibility for tenant build-out to perfectly suit your business needs. All utilities are connected to the space, simplifying the setup process. The annual base rent is projected at approximately $64,000, translating to a monthly base rent of $5,333. It's important to note that this figure excludes common area maintenance (CAM) charges and property taxes, which will be added to the monthly expense. The property is a single-story building, providing convenient access and a streamlined layout. This prime retail location in Fountain Square of Waukegan offers high visibility and excellent accessibility, making it an ideal space for a variety of retail businesses. The buyer is responsible for all build-out costs, allowing for complete control over the final design and functionality of the space. This presents a rare chance to establish a presence in a thriving Waukegan neighborhood within a brand-new, high-quality building. Don't miss this opportunity to secure a prominent retail location in a rapidly developing area.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2022

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

994 Waukegan Rd Waukegan, IL 60085
Waukegan metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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