Property profile

101 Waukegan Rd Lake Bluff, IL 60044

OFF-MARKET
Turn key restaurants
Property ID
US28-1514817
3,446 SF 0.67 ac lot Built 1994
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Lake Bluff, Illinois office property at 101 Waukegan Road offers a substantial 35,000 square feet of sublease space in a Class B building totaling 93,903 square feet. The property is ideally suited for both traditional office and medical office tenants, boasting a fully furnished unit complete with private offices, two conference rooms, and cubicles. A private entrance and prominent signage along Waukegan Road (14,100 vehicles per day) enhance visibility and accessibility. Ample on-site parking is provided at a ratio of 5 spaces per 1,000 square feet. Its strategic location in Lake County offers significant advantages, including proximity to major transportation arteries. The property is within two miles of Interstate 94 and the Lake Bluff Metra station, ensuring convenient commuting options. Furthermore, its location within two miles of Northwestern Medical and Lake Forest Hospital makes it particularly attractive to medical users. This unique opportunity presents a fully furnished, move-in ready space with excellent visibility and convenient access to key amenities and transportation. The building features a single suite and is classified as a multi-tenant property. The property's address is 101 Waukegan Road, Lake Bluff, IL 60044.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1994
Construction BRICK
Total area 3,446 SF
Lot 0.67 ac (29,185 SF)
APN 12-19-108-010
UPID US28-1514817

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

101 Waukegan Rd Lake Bluff, IL 60044-1686
Lake Bluff metro Census 863202 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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