1700 Lewis AveWaukegan, IL 60085

Property Details for 1700 Lewis Ave

Year built

1994

Construction

BRICK

Lot size

5.32 AC

Property size (Sq ft)

88,332 SF

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $23,445,604

  6.5%

  $21,642,096

  7%

  $20,096,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,598,720

  Geo Method

  $28,993,212

• Alternative Use

  Use

  Valuation

  Residential

  $18,255,918

  Hospitality

  $16,722,323

  Educational

  $13,912,777

  Medical

  $14,391,258

  Retail

  $21,642,096

Location Insight

City

Waukegan

County

Lake

State

Illinois

Latitude

42.3836

Longitude

-87.8565

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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