2000 Grand Ave Waukegan, IL 60085
Property profile & analytics
2000 Grand Ave Waukegan, IL 60085
- Turn key restaurants
- 1,440 SF
- 0.36 lot acres
Property ID
US28-0073493
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.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 2000 Grand Ave
- Year built
- 1951
- Construction
- BRICK
- Lot size
- 0.36 lot acres
- Property size
- 1,440 SF
- Property type
- Turn key restaurants
- APN
- 08-17-321-027
- APU
- 817321027
Description
This exceptional investment opportunity presents a 1,500 square foot retail building situated on a 15,000 square foot lot in Waukegan, Illinois, at 2000 Grand Avenue. The property boasts ample parking and is currently occupied by Oportun Financial, a national credit tenant, under a lease agreement extending to the end of 2026. The lease includes two four-year renewal options with built-in rent increases, ensuring a stable and predictable income stream for the foreseeable future. Oportun Financial, a mission-driven financial services provider, has been a tenant since 2017, demonstrating a long-term commitment to the location. The tenant is responsible for all day-to-day maintenance, including landscaping and snow removal, minimizing operational burdens for the owner. Furthermore, the tenant reimburses for real estate taxes, significantly reducing the owner's expenses. This turnkey investment offers a compelling opportunity for passive income generation with minimal management requirements. The property's location in Waukegan provides excellent visibility and accessibility. This is an ideal opportunity for investors seeking a low-maintenance, high-return investment with a strong, established tenant. The asking price is $515,000. Please do not disturb the tenant.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $495,000
- ML approach
- $520,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Waukegan
- County
- Lake
- State
- Illinois
- Longitude
- -87.8573
- Latitude
- 42.3706
- 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
2023
$5,564
$35,928
$45,101
$81,029
-
$107,795
$135,317
$243,112
