Property profile

1501 Belvidere Rd Waukegan, IL 60085

OFF-MARKET
Retail space
Property ID
US28-4817443
9,154 SF 1.1 ac lot Built 2014
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2014
Construction BRICK
Total area 9,154 SF
Lot 1.1 ac (47,916 SF)
APN 08-29-225-001
UPID US28-4817443

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Discount Store
  • Bank Credit Union

Location

1501 Belvidere Rd Waukegan, IL 60085-6209
Waukegan metro Census 862501 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.44M
Comparable Approach Comparable
$916k
Blend (final) Blend
$470k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Auto repair, garage $1.6M +65.7%
Restaurant $1.5M +58.0%
Apartment house (5+ units) $1.0M +6.1%

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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