1524 Lewis AveWaukegan, IL 60085

Property Details for 1524 Lewis Ave

Year built

1965

Construction

BRICK

Lot size

0.26 AC

Property size (Sq ft)

3,964 SF

Property type

Retail properties

Property subtype

Retail space

APN

08-17-109-001

APU

817109001

Description

This exceptional retail property, located at 1524 N Lewis Ave, offers a fantastic opportunity for a single-tenant business. Boasting a generous 3,964 square feet of space, this property is ideally situated in the heart of a bustling business district, experiencing a daily traffic count exceeding 20,000 vehicles. The building is zoned B2, providing flexibility for a variety of retail uses. Ample parking is available with 10 spaces provided on-site. The single-tenant occupancy ensures exclusive use of the entire space, offering significant control and branding opportunities. This prime location guarantees high visibility and accessibility for customers, making it an ideal choice for businesses seeking a strong presence in a high-traffic area. The property's size and location combine to create a compelling investment opportunity for businesses looking to establish or expand their operations in a thriving commercial environment. The property is ready for immediate occupancy, allowing for a swift and efficient transition into your new business space. Take advantage of this exceptional opportunity to secure a prominent retail location in a high-demand area. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,052,148

  6.5%

  $971,214

  7%

  $901,842

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,014,144

  Geo Method

  $1,301,104

• Alternative Use

  Use

  Valuation

  Residential

  $819,255

  Hospitality

  $750,433

  Educational

  $624,352

  Medical

  $645,824

  Retail

  $971,214

Location Insight

City

Waukegan

County

Lake

State

Illinois

Latitude

42.3808

Longitude

-87.8555

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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