1700 Lewis Ave Waukegan, IL 60085
- Outlet malls
- 88,332 SF
- 5.32 lot acres
Current Use by Public Records
- Royal Prestige / Home Goods Store
- Super Clean Landromat / Laundromat
- Total By Verizon / Cell Phone Store / Telecommunications Service Provider
- Primo Water Exchange / Bottled Water Supplier
- MoneyGram / Money Transfer Service
Property Details for 1700 Lewis Ave
- Year built
- 1994
- Construction
- BRICK
- Lot size
- 5.32 lot acres
- Property size
- 88,332 SF
- Property type
- Outlet malls
- APN
- 08-17-104-001
- APU
- 817104001
Description
This exceptional retail property, located at 1700 N Lewis Ave in Waukegan, Illinois (zip code 60085), offers a prime opportunity for businesses seeking high visibility and accessibility. The property consists of a total of 32,670 square feet of retail space situated on a sizable lot ranging from 0.35 to 0.4 acres. Currently, the entire space is vacant and available for lease, presenting a unique chance to establish a significant presence in a thriving market. The property is classified as a commercial outlot, ensuring excellent exposure and convenient access for customers. Multiple tenancy options are available, with a minimum divisible space of 15,246 square feet and a maximum contiguous space of 15,246 square feet. This flexibility allows for businesses of various sizes to find a suitable space to meet their operational needs. The property's strategic location in Waukegan, Illinois, provides easy access to major transportation routes and a substantial customer base. This makes it an ideal location for a variety of retail businesses seeking to capitalize on a high-traffic area. Interested parties are encouraged to inquire about leasing options and explore the potential of this exceptional retail property. The property is zoned for commercial use.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,515,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,970,000
- 6.5%
- $5,840,000
- 7%
- $6,325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,355,000
- Geo Method
- $5,365,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,435,000
- Retail
- $5,720,000
- Mixed-Use
- $7,195,000
- Hospitality
- $5,570,000
- Educational
- $5,200,000
- Residential Income
- $5,990,000
- Energy
- $6,290,000
- Income-Based Land
- $6,955,000
- Food Service
- $6,600,000
Location Insight
- Map
- Local Demand
- City
- Waukegan
- County
- Lake
- State
- Illinois
- Longitude
- -87.8565
- Latitude
- 42.3836
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
