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    Property profile & analytics
    FOR SALE
    Retail space

    2314 Green Bay Rd, North Chicago, IL 60064

    5,400 SF 0.55 ac lot Built 2005
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US28-5857575
    Property summary
    AI-generated overview

    This exceptional opportunity presents the acquisition of an established nail salon located at 2314 Green Bay Road, North Chicago, Illinois, 60064. The property, situated on a substantial 28,893 square foot lot, boasts a 1,200 square foot building currently operating as a successful nail salon. This is a unique chance to own a business with no direct competition in a busy neighborhood near an army base, ensuring a consistent flow of clientele. The salon enjoys a diverse customer base and a reputation for high client tips, indicating strong profitability. The asking price for this turnkey operation is $110,000. Monthly rent is $2,200, which includes all Net, Net, Net (NNN) expenses. The property's location in Lake County, Illinois, offers excellent visibility and accessibility. This is a rare opportunity to acquire a profitable, established business in a high-demand market with significant growth potential. The property's size and location make it an ideal investment for an entrepreneur seeking a stable and lucrative venture. This is a truly unique opportunity to own a thriving business in a prime location. Don't miss out on this exceptional chance to own a successful and profitable nail salon.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2005
    Construction BRICK
    Total area 5,400 SF
    Lot 0.55 ac (23,893 SF)
    APN 12-05-319-002
    UPID US28-5857575
    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
    • Lola Adang's Kusina Restaurant
    • C.Y.O.C. Create Your Own Cheesecake and Cheesesteak - North Chicago Restaurant
    • Hung & Verastequi Law Group Auto Accident Lawyers Law Firm
    • Endless Journey Tattoo Tattoo & Piercing Shop
    • Atmosphere Tattoo Gallery - North Chicago Tattoo & Piercing Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $945k
    CAP Approach CAP
    $850k
    Comparable Approach Comparable
    $1.11M
    Blend (final) Blend
    $935k
    Owner & transaction history
    Grand Forest LLC · 4 yrs held
    Grand Forest LLC
    since 2022
    Last sale
    $940,000
    7 recorded transactions
    2022
    2021
    $940,000
    2011
    2007
    $1.1M
    2004
    $175,000
    1999
    1999
    $560,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $980,000 +42.7%
    Auto repair, garage $945,000 +37.4%
    Restaurant $920,000 +34.1%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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