Property profile

1616 Lakeside Dr Waukegan, IL 60085

OFF-MARKET
Warehouses
Property ID
US28-5749932
65,574 SF 3.43 ac lot Built 2004
Entity Owned 20-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2004
Construction BRICK
Total area 65,574 SF
Lot 3.43 ac (149,411 SF)
APN 07-36-407-064
UPID US28-5749932

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
  • Big Box & Wholesale Store

Location

1616 Lakeside Dr Waukegan, IL 60085-8306
Waukegan metro Census 861504 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
$5.28M
Comparable Approach Comparable
$6.48M
Blend (final) Blend
$830k

Owner & transaction history

since 2006
4 recorded transactions
2006
$4.2M
2006
$677,000
2005
$676,737
2004
$333,500

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $7.3M +9.3%
Retail stores $6.9M +3.0%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1616 Lakeside Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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