Property profile

3035 Belvidere Rd Waukegan, IL 60085

OFF-MARKET
Retail space
Property ID
US28-0338790
14,176 SF 1.35 ac lot Built 2006
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This inline strip building totals 14,180 square feet and has historically been operated as a retail center with tenant occupancy supported by long-term leases featuring periodic annual rental increases. The property underwent renovations in 2024, including a roof replacement covering approximately 40% of the leasable area. The center includes an endcap configuration with a drive-thru and is anchored by Concentra.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction BRICK
Total area 14,176 SF
Lot 1.35 ac (58,806 SF)
APN 08-30-305-001
UPID US28-0338790

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 Take-out & Catering

Location

3035 Belvidere Rd Waukegan, IL 60085-6013
Waukegan metro Census 862605 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.88M
Blend (final) Blend
$520k

Owner & transaction history

since 2005
5 recorded transactions
2005
$850,000
2002
$690,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $2.4M +58.0%
Apartment house (5+ units) $1.6M +6.1%

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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