Property profile

3000 Washington St Waukegan, IL 60085

FOR LEASE
Gas stations
Property ID
US28-1946313
1,974 SF 0.52 ac lot Built 1969
Entity Owned 3-yr Hold Free & Clear
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3000 Washington St, Waukegan, IL 60085 For Lease
$320,000
3000 Washington St, Waukegan, IL 60085
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Property summary

AI-generated overview

This exceptional commercial land parcel, totaling 22,351 square feet, is strategically located at 3000 Washington Street in Waukegan, Illinois, zip code 60085. The property boasts a highly desirable location with exceptional visibility and accessibility due to its frontage on Washington Street, which experiences a high volume of daily traffic (27,000 vehicles per day), and its proximity to Green Bay Road (24,800 VPD). This prime location ensures significant exposure for any commercial development. The site is designated as a single-tenant property, offering flexibility for a variety of commercial uses. The area is well-established, with nearby retail establishments including CVS and Dunkin' Donuts, indicating a strong existing commercial presence and consumer base. The property's pin numbers are 08-19-400-043 and 08-18-400-044. This presents a rare opportunity to acquire a substantial commercial land parcel in a thriving location with high traffic counts and established retail neighbors. The property is classified as commercial land for single tenancy. This is an ideal location for businesses seeking high visibility and convenient access to a busy thoroughfare.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION WITH FOOD MART
Year built 1969
Construction FRAME
Total area 1,974 SF
Lot 0.52 ac (22,651 SF)
APN 08-19-400-044
UPID US28-1946313

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

3000 Washington St Waukegan, IL 60085
Waukegan metro Census 862603 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2022
Price N/A
2009
$262,338

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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