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    Property profile & analytics

    2500 Grand Ave Waukegan, IL 60085-3317

    • Bars
    • 7,421 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    $195,000
    Last Sale
    Sep 13, 2021
    $180,000
    Location Intelligence
    Property ID
    US28-0342627
    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

    • El Norteno Western Wear / Western Apparel Store
    • Las Vegas Pool Hall / Sports Bar / Pool Hall
    • Las Vegas Hair Salon / Hair Salon
    • Metcalf Law Group / Attorney

    Property Details for 2500 Grand Ave

    Year built
    1963
    Construction
    BRICK
    Lot size
    0.34 lot acres
    Property size
    7,421 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    08-17-315-038
    APU
    817315038

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $205,000

    • CAP approach

      CAP return
      Estimation
      6%
      $170,000
      6.5%
      $190,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $165,000
      Geo Method
      $185,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $175,000
      Retail
      $190,000
      Mixed-Use
      $155,000
      Hospitality
      $190,000
      Educational
      $170,000
      Residential Income
      $170,000
      Energy
      $215,000
      Income-Based Land
      $165,000
      Food Service
      $180,000

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8644
    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
    $17,128
    $34,711
    $149,250
    $183,961
    -
    $104,143
    $447,795
    $551,938

    Comparable in this City

    • Value Estimation by Request
      6,268 SF

      1334 Grand Ave

      BAR, TAVERN • 6,268 SF
      1334 Grand Ave, Waukegan, IL 60085-3718
      View Details
    • Value Estimation by Request
      5,634 SF

      1816 Washington St

      BAR, TAVERN • 5,634 SF
      1816 Washington St, Waukegan, IL 60085-5110
      View Details
    • Value Estimation
      $1,365,000
      25,310 SF

      630 Grn Bay Rd

      BAR, TAVERN • 25,310 SF
      630 Grn Bay Rd, Waukegan, IL 60085-7007
      View Details
    • Value Estimation
      $60,000
      5,040 SF

      36 Genesee St

      BAR, TAVERN • 5,040 SF
      36 Genesee St, Waukegan, IL 60085-4307
      View Details
    • Value Estimation
      $355,000
      6,600 SF

      120 Washington St

      BAR, TAVERN • 6,600 SF
      120 Washington St, Waukegan, IL 60085-5612
      View Details
    • Value Estimation by Request
      1,458 SF

      1102 Gln Rock Ave

      RESTAURANT • 1,458 SF
      1102 Gln Rock Ave, Waukegan, IL 60085-5452
      View Details

    Similar Nearby for Sale

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      Waukegan Restaurant Ready for Business

      Fully functional restaurant available for sale in Waukegan, Illinois.
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      Freestanding retail property with drive-thru in strong transit location.
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      Waukegan Retail Investment Opportunity

      High-yield, single-tenant retail property with long-term lease.
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    Similar Nearby for Lease

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      Waukegan, IL medical office suites available
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      Retail Opportunity in Waukegan, IL

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    • $25 SF/Yr

      Retail Storefront on Belvidere Road

      Retail space available in Waukegan, close to major commercial corridors.
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    • Contact for pricing
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      Retail Space in Fountain Square

      Inline retail space available in Waukegan shopping center.
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    • 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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    2500 Grand Ave
    Waukegan, IL 60085-3317
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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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