3035 Belvidere RdWaukegan, IL 60085

Property Details for 3035 Belvidere Rd

Year built

2006

Construction

BRICK

Lot size

1.35 AC

Property size (Sq ft)

14,176 SF

Property type

Retail properties

Property subtype

Retail space

APN

08-30-305-001

APU

830305001

Description

This exceptional free-standing retail building, constructed in 2005, offers 14,180 square feet of space, with 2,280 square feet currently available for lease. The property is situated on 1.35 acres of land and features a single-story design with 75 total parking spaces. The building is zoned B-3, allowing for a variety of retail uses. The available space is part of a multi-tenant building, sharing the site with established businesses such as Checkers, Cricket Wireless, and Concentra Urgent Care, ensuring high foot traffic and visibility. The property boasts excellent accessibility and pylon signage opportunities. This location benefits from a substantial daytime population exceeding 200,000 within a 10-mile radius. The property's strategic location is less than half a mile from the Skokie Highway (Route 41) on/off ramp, providing easy access for customers and employees. Furthermore, its proximity to a 625,000 square foot Amazon Fulfillment Center adds to its appeal and potential for increased customer traffic. Nearby businesses include AutoZone, Dollar Tree, and McDonald's, further enhancing the area's commercial vibrancy. The maximum contiguous space available is 11,780 square feet, offering flexibility for larger tenants. The minimum divisible space is 2,280 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $3,762,678

  6.5%

  $3,473,242

  7%

  $3,225,153

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,626,766

  Geo Method

  $4,652,988

• Alternative Use

  Use

  Valuation

  Residential

  $2,929,809

  Hospitality

  $2,683,690

  Educational

  $2,232,798

  Medical

  $2,309,588

  Retail

  $3,473,242

Location Insight

City

Waukegan

County

Lake

State

Illinois

Latitude

42.3486

Longitude

-87.8772

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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