511 Green Bay Rd, Waukegan, IL 60085
This exceptional 3,900 square foot retail space, ideally suited for a restaurant, is located at 511 S. Green Bay Road in Waukegan. Built in 1984, the single-tenant property boasts excellent visibility on a major thoroughfare, ensuring high exposure to potential customers. The property benefits from ample parking, a significant advantage in a high-traffic area. With over 23,000 vehicles passing daily, this location offers unparalleled access to a large customer base. The space is currently vacant and ready for immediate occupancy, presenting a unique opportunity for a restaurant operator seeking a prime location with strong visibility and convenient parking. The building's single-tenant configuration provides flexibility and control, while the substantial square footage allows for a spacious and well-designed restaurant layout. This property represents a compelling investment opportunity in a thriving Waukegan commercial district. The high traffic volume and prominent location make it an ideal choice for a business seeking significant customer reach. Serious inquiries are encouraged.
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El Mercadito Supermarket & Restaurant Restaurant
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El Mercadito Waukegan Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.