1104 Glen Flora AveWaukegan, IL 60085

Property Details for 1104 Glen Flora Ave

Year built

1965

Construction

BRICK

Lot size

0.11 AC

Property size (Sq ft)

2,205 SF

Property type

Retail properties

Property subtype

Retail space

APN

08-16-118-012

APU

816118012

Description

This exceptional commercial property at 1104 W Glen Flora Avenue in Waukegan, Illinois presents a lucrative investment opportunity. The 2,205 square foot building is comprised of two retail units, one of which is currently occupied by a thriving nail and beauty salon boasting a phenomenal tenant. This established business contributes to a consistent income stream, making this a particularly attractive proposition for investors seeking immediate returns. The property's prime location ensures high visibility and significant foot traffic, creating an ideal environment for attracting new businesses and maximizing rental potential. A key advantage is the convenient private parking lot situated at the rear of the building, providing ample parking for tenants and their customers. Street parking is also readily available, further enhancing accessibility. The building's strong tenant base, coupled with its strategic location and convenient parking, makes this a rare find in the Waukegan market. This is an excellent chance to acquire a well-positioned commercial property with immediate income generation and significant future growth potential. The asking price is $450,000. Don't miss this opportunity to own your own commercial building in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $585,264

  6.5%

  $540,244

  7%

  $501,655

• Comparable approach

  Method

  Valuation

  Relative Method

  $564,124

  Geo Method

  $723,747

• Alternative Use

  Use

  Valuation

  Residential

  $455,716

  Hospitality

  $417,433

  Educational

  $347,300

  Medical

  $359,244

  Retail

  $540,244

Location Insight

City

Waukegan

County

Lake

State

Illinois

Latitude

42.3777

Longitude

-87.845

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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