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Property profile & analytics
OFF-MARKET
Bars & Pubs
219 Greenwood Ave, Waukegan, IL 60087-5133
Entity Owned
~
Est. High Equity
Property ID
US28-2705077
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1994
Construction
FRAME
Total area
2,634 SF
Lot
0.27 ac (11,603 SF)
APN
08-16-202-004
UPID
US28-2705077
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
-
TR's Front Row On Greenwood Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Crestwood Amusements LLC
Crestwood Amusements LLC
since 2025
Last sale
$435,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,103
Tax year 2023
Assessed value
$96,287
Assessed 2023
Previous assessed
$72,657
+32.5% YoY
Effective rate
7.38%
On assessed value
Assessed land
$22,374
Assessed improvement
$73,913
Land market value
$67,129
Improvement market value
$221,761
Total market value
$288,890
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1994
Construction
FRAME
Heating
NONE
Total area
2,634 SF
Lot
0.27 ac (11,603 SF)
APN
08-16-202-004
UPID
US28-2705077
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
Building & site characteristics
From public records
Year built
1994
Construction
FRAME
Heating
NONE
Lot
0.27 ac
Current owner
From public records · entity-resolved
Crestwood Amusements LLC
Entity
Mailing address
219 W GREENWOOD AVE, WAUKEGAN, IL 60087-5133
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2025
—
Crestwood Amusements LLC
—
Deed
related
$10,000,000 · First Citizens Bank & Trust Co
Aug 20, 2025
$300,000
Crestwood Amusements LLC
219 Greenwood LLC
Warranty Deed
—
Feb 26, 2025
$435,000
219 Greenwood LLC
Greenwood Property Owners LLC
Warranty Deed
—
Apr 14, 2020
—
Greenwood Property Owners LLC
—
Deed
related
—
Dec 23, 2019
$200,000
Greenwood Property Owners LLC
Norstates Bk
Correction Deed
—
Nov 17, 2010
—
Mw Cell Reit 1 LLC
—
Deed Of Trust
related
$327,000,000 · Deutsche Bk Tr Co Americas (te
Oct 30, 2009
$200,000
Greenwood Property LLC
Norstates Bank
Warranty Deed
$150,000 · Norstates Bank
Jan 25, 2007
—
Wcp Wireless Lease Subsidiary
—
Deed Of Trust
related
$85,000,000 · Bayerische Hypo-und Vereinsban
Mar 20, 2006
—
Wireless Capital Partners LLC
—
Deed Of Trust
related
$21,250,000 · Spcp Group LLC
Jan 12, 2004
$360,000
John Key
Wimmer,bruce W
Grant Deed
$270,000 · Bank Of Waukegan
Jul 27, 1998
$300,000
Bruce W Wimmer
Geraghty,stella J
Grant Deed
$189,000 · Northside Community Bank
—
—
Greenwood Property Owners LLC
—
Loan Modification
related
—
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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