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Financial
Distress signals
Property profile

1700 North Lewis Ave Waukegan, IL 60085

FOR LEASE
Outlet malls
Property ID
US28-5829748
88,332 SF 5.32 ac lot Built 1994
Last sale Feb 2022 · $6,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$136k
Tax billed · 2023
Assessed value$1.46M
Assessed land$313k
Assessed improvement$1.14M
Effective rate9.31%

Value estimate

· Oct 2026
$6.52M
$5.86M – $7.17M
AI approach$6.55M
Submarket $/SF estimate$8.01M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$105/SF
ZIP average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$43 – $183

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm20.8
Realty agency18.8
HVAC Service12.4

Location

1700 North Lewis Ave Waukegan, IL 60085
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 13 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
2700 Belvidere, Waukegan, IL 60085-6008 $10,150,000 Feb 2022 91,273 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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