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    Property profile & analytics
    OFF-MARKET Estimated value $4,555,000
    Retail space

    2042 Grand Ave, Lindenhurst, IL 60046-9030

    0.4 ac lot Built 1968
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US28-3558466
    Property summary
    AI-generated overview

    This exceptional Lindenhurst retail center presents two outstanding leasing opportunities. Located at 2042-2144 E Grand Ave, Lake County, this property boasts a total building size of 85,311 square feet situated on a generous 5.75-acre lot. Built in 1973 with masonry construction, the center offers two immediately available spaces. The first space encompasses 2,586 square feet, ideally suited for a restaurant seeking high visibility and foot traffic. Its prime location within a bustling commercial hub ensures excellent exposure. The second space, significantly larger at 5,977 square feet, is perfect for a variety of businesses, including a small to medium-sized gym or fitness center. Both spaces are adaptable and ready for customization to meet specific business requirements. The minimum divisible space is 2,586 square feet, while the maximum contiguous space available is 5,977 square feet. Currently, 8,563 square feet of space is vacant, providing ample opportunity for expansion or multiple tenants. This property offers a unique chance to establish or expand a business in a vibrant and thriving commercial area. Don't miss this opportunity to secure your ideal retail space in this established center.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1968
    Construction FRAME
    Lot 0.4 ac (17,498 SF)
    APN 06-02-213-046
    UPID US28-3558466
    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
    $4.89M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $4.56M
    Owner & transaction history
    Linden Plaza Lindenhurst LLC · 2 yrs held
    Linden Plaza Lindenhurst LLC
    since 2023
    Last sale
    $4.2M
    2 recorded transactions
    2024
    2023
    $4.2M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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