Financial
Distress signals
Property profile

39023 N Green Bay Rd Beach Park, IL 60087

FOR SALE
Other commercial real estate
Property ID
US28-0068627
14,547 SF 2.02 ac lot
Last sale Dec 2023 · $3,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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39023 N Green Bay Rd, Beach Park, IL 60087 For Sale
Contact for pricing 14,547 SF
39023 N Green Bay Rd, Beach Park, IL 60087
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Property summary

AI-generated overview

The property is located within the Chicago MSA and has an established operating history dating to 2005. It is situated on a signalized hard corner at the intersection of Green Bay Road and Wadsworth Road, with access to nearby major corridors including Route 41 and Interstate 94, and it is adjacent to Waukegan National Airport. The area surrounding the site is densely populated, and the property is positioned near Illinois State Beach Park, which draws substantial annual visitation. The…

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.

Mortgages

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?
$49k
Tax billed · 2023
Assessed value$467k
Assessed land$220k
Assessed improvement$247k
Effective rate10.58%

Value estimate

· Sep 2026
$4.46M
$4.01M – $4.90M
AI approach$4.40M
CAP approach$2.32M
Submarket $/SF estimate$3.08M
NOI build-up
Gross scheduled income$367k
Vacancy & credit loss−$10k
Operating expenses−$89k
NOI · 6.92% cap applied$268k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$177/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$102 – $296
Qualifying comparables4

Cap rate analysis

How does the asset earn?
6.92%
$268k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.9
Dental Office14.2
Building Supply12.2

Location

39023 N Green Bay Rd Beach Park, IL 60087
County assessor Recorded deeds · 4 transfers 4 qualifying comp sales 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4202 Hickory Hls, Waukegan, IL 60087-5313 $11,100,000 Feb 2024 32,202 SF
4242 Hickory Hls, Waukegan, IL 60087-5321 $11,100,000 Feb 2024 32,202 SF
2931 Sunset, Waukegan, IL 60087-3663 $525,000 Jan 2024 8,000 SF
2020 Linden, Waukegan, IL 60087-4981 $3,110,000 Feb 2022 21,024 SF
2620 Delany, Waukegan, IL 60087-5310 $3,500,000 May 2021 29,274 SF
2630 Delany, Waukegan, IL 60087-5311 $3,500,000 May 2021 29,274 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?”
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