3375 Grand Ave Waukegan, IL 60085
- Commercial land
- 1.36 lot acres
Current Use by Public Records
- Carfect / Used Car Dealer / Auto Market
Property Details for 3375 Grand Ave
- Lot size
- 1.36 lot acres
- Property type
- Commercial land
- APN
- 08-19-101-052
- APU
- 819101052
Description
This exceptional investment opportunity presents a fully operational auto dealership situated on a full block in Waukegan, Illinois's highest-traveled retail district. The property, located at 3375 Grand Ave, Waukegan, IL 60085, boasts a substantial 10,244 square feet of space. The dealership features a well-equipped 10-bay service department, ensuring ample capacity for servicing vehicles. The property is currently operating at 100% occupancy and is offered for sale at $2,599,000 with a compelling 6.00% cap rate. The lease type is Absolute NNN, offering a straightforward and low-maintenance ownership structure. This single-tenancy property is ideal for investors seeking a stable, high-performing asset in a prime retail location. The property's strategic placement within a busy retail area guarantees high visibility and consistent customer traffic, making it an attractive investment with significant potential for future growth. The property is categorized as Retail, with subtypes including Pharmacy/Drug, QSR/Fast Food, and Shopping Center, reflecting its versatility and adaptability within the broader retail landscape. The remaining lease term is 0 years, presenting an opportunity for immediate ownership and control.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waukegan
- County
- Lake
- State
- Illinois
- Longitude
- -87.8843
- Latitude
- 42.3699
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
