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    OFF-MARKET
    Retail properties & Spaces

    994 Waukegan Rd, Waukegan, IL 60085

    Built 2022
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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