Property summary
This exceptional restaurant opportunity is located at 2101 Grand Ave, Waukegan, IL 60085. Boasting a prime corner location in the heart of Waukegan, this 4,892 square foot single-tenant property offers unparalleled visibility and exposure. Its strategic placement provides easy access and benefits from strong demographics, high traffic counts, and significant foot traffic. Just five minutes from the scenic lakefront, this location is ideal for attracting a diverse clientele. The property includes ample parking with over 40 sealed and striped spaces, supplemented by convenient street parking. The building has undergone recent renovations, including a new roof, HVAC system, plumbing, electrical work, and most of the furniture, fixtures, and equipment (FF&E). While some finishing touches are still needed, this property presents a turnkey opportunity for a discerning restaurateur. The property is situated in Lake County and offers a substantial space for a thriving culinary establishment. This is a rare chance to acquire a well-positioned restaurant with significant upside potential in a vibrant and growing community.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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