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    Property profile & analytics
    OFF-MARKET Estimated value $630,000
    Retail space

    1320 Waukegan Rd, Glenview, IL 60025-3022

    0.11 ac lot Built 1949
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US28-1701161
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1949
    Lot 0.11 ac (4,760 SF)
    APN 04-35-200-029
    UPID US28-1701161
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $655k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $630k
    Owner & transaction history
    Immm Tong INC · 1 yrs held
    Immm Tong INC
    since 2025
    Last sale
    $599,000
    4 recorded transactions
    2025
    2025
    $599,000
    2019
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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