Property profile

511 Green Bay Rd Waukegan, IL 60085

OFF-MARKET
Retail properties & Spaces
Built 1984
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1984

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

511 Green Bay Rd Waukegan, IL 60085
Waukegan metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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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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