1320 Waukegan Rd Glenview, IL 60025
- Retail space
- 0.11 lot acres
Current Use by Public Records
- Retail space
Property Details for 1320 Waukegan Rd
- Year built
- 1949
- Lot size
- 0.11 lot acres
- Property type
- Retail space
- APN
- 04-35-200-029
- APU
- 435200029
Description
This 1,653 sq ft freestanding restaurant in Glenview, IL, is ideally situated on Waukegan Road, a high-traffic area boasting 23,000 vehicles per day, with an additional 31,000 VPD on nearby Lake Street. Offered at $599,000 or available for a net-net-net (NNN) lease, this property benefits from 24 free adjacent public parking spaces and the possibility of adding a drive-through. The space is fully equipped for restaurant operation, featuring five wok stations, a walk-in cooler, a sushi display case, and a comprehensive exhaust hood system. The property is located in a high-income neighborhood, surrounded by established national retailers and restaurants, ensuring a strong customer base. The Village of Glenview offers a compelling incentive program for tenant improvements and/or facade enhancements, potentially reimbursing up to 50% of eligible costs, subject to various maximums based on private investment and cost eligibility. Property taxes are $14,894.32 annually. This presents a unique opportunity for a restaurant owner seeking a turnkey operation in a prime location with significant growth potential. The high visibility and established infrastructure make this an exceptional investment or lease opportunity.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $660,000
- ML approach
- $655,000
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Location Insight
- Map
- Local Demand
- City
- Glenview
- County
- Cook
- State
- Illinois
- Longitude
- -87.799
- Latitude
- 42.0787
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
