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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Grocery and convenience stores
2107 Grand Ave Waukegan, IL 60085-3415
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-5120651
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2005
Construction
BRICK
Total area
3,809 SF
Lot
0.49 ac (21,510 SF)
APN
08-20-103-001
UPID
US28-5120651
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
Current use
Occupant on record · Public records
-
Exxon Gas Station
-
Food Mart Discount Store Grocery & Convenience Store
-
Mobil Gas Station
-
Friendly Freeport Inc Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$550k
Owner & transaction history
2107 Grand Property LLC · 2 yrs held
2107 Grand Property LLC
since 2024
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Waukegan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukegan submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$345,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Apr 5 2024)
Last sale anchor
$550k
Apr 5 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$144 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,392
Tax year 2023
Assessed value
$247,736
Assessed 2023
Previous assessed
$247,736
+0.0% YoY
Effective rate
9.85%
On assessed value
Assessed land
$49,780
Assessed improvement
$197,956
Land market value
$149,355
Improvement market value
$593,927
Total market value
$743,282
Applied tax rate
9,012.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2005
Construction
BRICK
Heating
NONE
Total area
3,809 SF
Lot
0.49 ac (21,510 SF)
APN
08-20-103-001
UPID
US28-5120651
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$345,000
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
BRICK
Heating
NONE
Lot
0.49 ac
Current owner
From public records · entity-resolved
2107 Grand Property LLC
Entity
Mailing address
2107 GRAND AVE, WAUKEGAN, IL 60085-3415
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
$550,000
2107 Grand Property LLC
Friendly Freeport INC
Warranty Deed
$525,000 · Old National Bank
Dec 8, 2022
—
Friendly Freeport INC
—
Deed
related
$3,000,000 · Millenium Investment Group INC
May 19, 2022
—
Friendly Freeport INC
—
Deed
related
$250,000 · Sei Fuel Services INC
Oct 6, 2021
$200,000
Friendly Freeport INC
Lgp Realty Holdings LP
Special Warranty Deed
$1,000,000 · Millenium Investment Group LLC
Jun 29, 2018
—
Lgp Realty Holdings LP
—
Loan Modification
related
$650,000,000 · Citizens Bk/pennsylvania
Jun 28, 2017
—
Lgp Realty Holdings LP
—
Grant Deed
related
$550,000,000 · Citizens Bk/pa
Sep 30, 2016
$134,159
Lgp Realty Holdings LP
Bapa LLC
Grant Deed
—
May 6, 2009
$1,500,001
Pt LLC
Intercounty Judicial Sales Cor
Trustees Deed
related
—
Aug 24, 2007
$2,350,000
Grand Avenue Oil LLC
Lakhani,navroz & Jacqueline
Warranty Deed
$175,000 · Private Lender
Mar 30, 2004
—
Navroz Lakhani
Lasalle Bank NA Trustee
Grant Deed
related
—
Mar 18, 2003
—
Lasalle Bank NA Trustee
Otg 2 LLC
Quit Claim Deed
related
—
Aug 24, 1999
$236,000
Otg 2 LLC
Clark Refining & Marketing INC
Grant Deed
$195,000,000 · Ffca Acquisition Corp
—
—
Lasalle Bank NA Trustee
—
Deed Of Trust
related
$500,000 · Greatbank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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