Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1148 Waukegan Rd Glenview, IL 60025-3046
    Back to Search
    Property profile & analytics

    1148 Waukegan Rd Glenview, IL 60025-3046

    View on Map
    • Auto shops
    • 0.42 lot acres
    Off-Market
    Last Sale Aug 31, 2023
    $900,000
    Property ID
    US28-5874762
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $875,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 1148 Waukegan Rd

    Year built
    1959
    Lot size
    0.42 lot acres
    Property type
    Auto shops
    APN
    04-35-205-029
    APU
    435205029

    Description

    This exceptional 0.43-acre commercial land parcel, located at 1148 Waukegan Road in Glenview, Illinois, presents a compelling investment opportunity. Situated on the hard corner of Waukegan Road and Grove Street, this property boasts exceptional visibility and accessibility. The site encompasses approximately 18,730 square feet and is zoned D-D (Downtown Development District) by the Village of Glenview. This versatile zoning allows for a wide range of development possibilities, including retail, office, or service uses, providing significant flexibility for potential buyers. The property's strategic location within the thriving Glenview community offers easy access to major transportation routes and a strong local market. The asking price is $1,100,000. 2020 property taxes were $29,185.59. This prime location and flexible zoning make this an ideal opportunity for developers and investors seeking a high-impact commercial project in a desirable area. The property's address is 1148 Waukegan Rd, Glenview, IL 60025, within Cook County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $700,000
      ML approach
      $830,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glenview
    County
    Cook
    State
    Illinois
    Longitude
    -87.7991
    Latitude
    42.0755
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $26,032
    $96,390
    $24,635
    $121,025
    -
    $385,560
    $98,540
    $484,100

    Comparable in this City

    • Value Estimation
      $1,075,000
      0.64 Acres

      2003 Chestnut Ave

      AUTO REPAIR, GARAGE • 0.64 Acres
      2003 Chestnut Ave, Glenview, IL 60025-1605
      View Details
    • Value Estimation by Request
      1.61 Acres

      2015 Chestnut Ave

      AUTO REPAIR, GARAGE • 1.61 Acres
      2015 Chestnut Ave, Glenview, IL 60025-1605
      View Details
    • Value Estimation
      $1,045,000
      0.81 Acres

      2200 Waukegan Rd

      AUTO REPAIR, GARAGE • 0.81 Acres
      2200 Waukegan Rd, Glenview, IL 60025-1759
      View Details
    • Value Estimation by Request
      1.05 Acres

      3831 Milwaukee Ave

      AUTO REPAIR, GARAGE • 1.05 Acres
      3831 Milwaukee Ave, Glenview, IL 60025
      View Details
    • Value Estimation by Request
      0.35 Acres

      1131 Waukegan Rd

      AUTO REPAIR, GARAGE • 0.35 Acres
      1131 Waukegan Rd, Glenview, IL 60025-3036
      View Details
    • Value Estimation
      $650,000
      0.64 Acres

      214 Greenwood Rd

      AUTO REPAIR, GARAGE • 0.64 Acres
      214 Greenwood Rd, Glenview, IL 60025-4584
      View Details

    Similar Nearby for Sale

    • $949,000

      Glenview Automotive Repair Center

      Established automotive repair center in prime downtown Glenview location.
      1131 Waukegan Rd, Glenview, IL 60025
      View Details
    • Contact for pricing
      2,645 SF

      Operating Service Station For Sale

      Operating service station at hard corner in unincorporated Cook County.
      601 Greenwood Ave, Glenview, IL 60025
      View Details
    • $1,500,000
      6,630 SF

      Glenview Retail Space For Sale

      6,630 SqFt retail space available in Glenview, Illinois.
      771 Milwaukee Ave, Glenview, IL 60025
      View Details
    • $1,500,000

      Glenview Retail Strip Center Plaza

      Four-unit retail plaza with long-term tenants on high-traffic Milwaukee.
      771-777 Milwaukee Ave, Glenview, IL 60025
      View Details
    • $1,225,000

      Glenview Commercial Building For Sale

      Single-story building in Glenview's business corridor, suitable for offices/retail.
      1154 N Waukegan Rd, Glenview, IL 60025
      View Details
    • $1,450,000

      High-Traffic Milwaukee Avenue Property

      Prime Glenview location ideal for owner-users or redevelopment.
      9850 Milwaukee Ave, Glenview, IL 60025
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Glenview Retail and Office Space

      Retail and office spaces available in Glenview, Illinois.
      4300 Di Paolo Ctr, Glenview, IL 60025
      View Details
    • $10 SF/Yr

      Glenview Retail Space Available

      Retail spaces available in high-traffic Glenview location.
      771 Milwaukee Ave, Glenview, IL 60025
      View Details
    • New
      Contact for pricing

      Glenview Office/Retail Space Available

      Professionally built-out office/retail space in Glenview's shopping district.
      1545 Waukegan Rd, Glenview, IL 60025
      View Details
    • New
      Contact for pricing

      Glenview Commercial Space For Rent

      Professionally built-out office/retail space in Glenview's shopping district.
      1545 Waukegan Rd, Glenview, IL 60025
      View Details
    • $25 SF/Yr

      Glenview Retail Space Available

      Retail space for lease in well-maintained Glenview shopping center.
      958 Harlem Ave, Glenview, IL 60025
      View Details
    • $25 SF/Yr

      Glenview Retail/Office/Medical Space Available

      High-traffic location suitable for retail, office, or medical use.
      940 Harlem Ave, Glenview, IL 60025
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1148 Waukegan Rd
    Glenview, IL 60025-3046
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1148 Waukegan Rd, Glenview, IL, 60025
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!