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    Property profile & analytics

    2400 Grand Ave Waukegan, IL 60085-3315

    • Grocery and convenience stores
    • 3,200 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimation
    $2,135,000
    Last Sale
    Aug 09, 2024
    $2,100,000
    Location Intelligence
    Property ID
    US28-5898043
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shell / Gas Station / Atm
    • Citgo / Gas Station
    • Waukegan Quik Shop GEI-110 / Convenience Store

    Property Details for 2400 Grand Ave

    Year built
    1989
    Construction
    BRICK
    Lot size
    0.49 lot acres
    Property size
    3,200 SF
    Property type
    Grocery and convenience stores
    APN
    08-17-316-040
    APU
    817316040

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,100,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,100,000
      6.5%
      $2,265,000
      7%
      $2,165,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,050,000
      Geo Method
      $2,495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,355,000
      Retail
      $2,450,000
      Mixed-Use
      $2,315,000
      Hospitality
      $1,890,000
      Educational
      $2,030,000
      Residential Income
      $2,045,000
      Energy
      $2,135,000
      Income-Based Land
      $2,295,000
      Food Service
      $1,985,000

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8627
    Latitude
    42.3706
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,423
    $49,120
    $170,235
    $219,355
    -
    $147,375
    $510,756
    $658,131

    Comparable in this City

    • Value Estimation by Request
      1,917 SF

      1900 Washington St

      CONVENIENCE STORE • 1,917 SF
      1900 Washington St, Waukegan, IL 60085-5130
      View Details
    • Value Estimation
      $415,000
      1,638 SF

      2500 Washington St

      CONVENIENCE STORE • 1,638 SF
      2500 Washington St, Waukegan, IL 60085-4915
      View Details
    • Value Estimation
      $1,055,000
      3,012 SF

      2435 Washington St

      CONVENIENCE STORE • 3,012 SF
      2435 Washington St, Waukegan, IL 60085-5064
      View Details
    • Value Estimation
      $535,000
      4,200 SF

      1 Grn Bay Rd

      CONVENIENCE STORE • 4,200 SF
      1 Grn Bay Rd, Waukegan, IL 60085-4406
      View Details
    • Value Estimation by Request
      2,760 SF

      1343 Lewis Ave

      CONVENIENCE STORE • 2,760 SF
      1343 Lewis Ave, Waukegan, IL 60085-7814
      View Details
    • Value Estimation
      $335,000
      2,500 SF

      942 Adams St

      CONVENIENCE STORE • 2,500 SF
      942 Adams St, Waukegan, IL 60085-7412
      View Details

    Similar Nearby for Sale

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      Fully leased office suites and event space with parking lot.
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    • Contact for pricing
      66,345 SF

      Retail Spaces on Grand Avenue

      Retail and office spaces available in Waukegan shopping center.
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    Similar Nearby for Lease

    • $15 SF/Yr

      Retail Space in Waukegan Center

      Retail spaces available in neighborhood shopping center on Grand Ave.
      2603 Grand Ave, Waukegan, IL 60085
      View Details
    • $12 SF/Yr

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      Retail space for lease with high traffic exposure.
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      View Details
    • Contact for pricing
      32,670 SF

      Waukegan Retail Outlot For Lease

      High-traffic retail space, multiple units available.
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      View Details
    • Contact for pricing

      Waukegan Retail/Office Space Available

      Clean, ready-to-move-in retail or office space with high exposure.
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    • $25 SF/Yr

      Retail Storefront on Belvidere Road

      Retail space available in Waukegan, close to major commercial corridors.
      2850 Belvidere Rd, Waukegan, IL 60085
      View Details
    • Contact for pricing
      3,030 SF

      Retail Space in Waukegan

      Retail space with strong tenant mix and high visibility.
      1301-1555 N Lewis Ave, Waukegan, IL 60085
      View Details
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    2400 Grand Ave
    Waukegan, IL 60085-3315
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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