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    2042 Grand Ave Lindenhurst, IL 60046

    • Retail space
    • 0.40 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimation
    $4,715,000
    Last Sale
    Aug 28, 2023
    $4,200,000
    Location Intelligence
    Property ID
    US28-3558466
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 2042 Grand Ave

    Year built
    1968
    Construction
    FRAME
    Lot size
    0.40 lot acres
    Property type
    Retail space
    APN
    06-02-213-046
    APU
    602213046

    Description

    This exceptional Lindenhurst retail center presents two outstanding leasing opportunities. Located at 2042-2144 E Grand Ave, Lake County, this property boasts a total building size of 85,311 square feet situated on a generous 5.75-acre lot. Built in 1973 with masonry construction, the center offers two immediately available spaces. The first space encompasses 2,586 square feet, ideally suited for a restaurant seeking high visibility and foot traffic. Its prime location within a bustling commercial hub ensures excellent exposure. The second space, significantly larger at 5,977 square feet, is perfect for a variety of businesses, including a small to medium-sized gym or fitness center. Both spaces are adaptable and ready for customization to meet specific business requirements. The minimum divisible space is 2,586 square feet, while the maximum contiguous space available is 5,977 square feet. Currently, 8,563 square feet of space is vacant, providing ample opportunity for expansion or multiple tenants. This property offers a unique chance to establish or expand a business in a vibrant and thriving commercial area. Don't miss this opportunity to secure your ideal retail space in this established center.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,925,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,320,000
      6.5%
      $4,620,000
      7%
      $4,275,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,530,000
      Geo Method
      $4,005,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,870,000
      Retail
      $4,370,000
      Mixed-Use
      $4,250,000
      Hospitality
      $4,040,000
      Educational
      $3,900,000
      Residential Income
      $4,685,000
      Energy
      $4,110,000
      Income-Based Land
      $4,265,000
      Food Service
      $4,720,000

    Location Insight

    • Map
    • Local Demand
    City
    Lindenhurst
    County
    Lake
    State
    Illinois
    Longitude
    -88.0319
    Latitude
    42.4098
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,906
    $40,588
    $63,056
    $103,644
    -
    $121,776
    $189,187
    $310,963

    Comparable in this City

    • Value Estimation by Request
      3,185 SF

      102 Milwaukee Ave

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      102 Milwaukee Ave, Lake Villa, IL 60046-9361
      View Details
    • Value Estimation by Request
      6,936 SF

      37669 Il Rte 59

      RETAIL STORES (PERSONAL SERVICES) • 6,936 SF
      37669 Il Rte 59, Lake Villa, IL 60046-7330
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    • Value Estimation
      $635,000
      17,690 SF

      616 Bridgeport Ter

      RETAIL STORES (PERSONAL SERVICES) • 17,690 SF
      616 Bridgeport Ter, Lindenhurst, IL 60046-4908
      View Details
    • Value Estimation by Request
      3,264 SF

      129 Cedar Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,264 SF
      129 Cedar Ave, Lake Villa, IL 60046
      View Details
    • Value Estimation by Request
      9,128 SF

      625 Bridgeport Ter

      Individual retail properties • 9,128 SF
      625 Bridgeport Ter, Lindenhurst, IL 60046
      View Details
    • Value Estimation by Request
      2,160 SF

      37635 Il Rte 59

      RETAIL STORES (PERSONAL SERVICES) • 2,160 SF
      37635 Il Rte 59, Lake Villa, IL 60046-7333
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing

      Office Space For Rent

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    2042 Grand Ave
    Lindenhurst, IL 60046
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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