Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,225,000
Retail space
3060 Lewis Ave Waukegan, IL 60087-2231
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0561150
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
BRICK
Total area
18,576 SF
Lot
0.72 ac (31,363 SF)
APN
08-05-110-039
UPID
US28-0561150
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
-
Quick-Tag (Bike/Boat/Book/etc) Store Pet Store
-
i.d. SPOT (Bike/Boat/Book/etc) Store Pet Store & Service
-
VIP Petcare Wellness Center Veterinary Clinic
-
Pet Supplies Plus Waukegan (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.16M
CAP Approach
CAP
$2.93M
Comparable Approach
Comparable
$3.14M
Blend (final)
Blend
$4.23M
Owner & transaction history
Sl Yorkhouse Commons LLC · 4 yrs held
Sl Yorkhouse Commons LLC
since 2022
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+55.3%
Restaurant
$3.1M
+48.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Waukegan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukegan submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,390,000
ML approach
$4,155,000
CAP Approach
CAP Return
Estimation
6%
$3,165,000
6.5%
$2,925,000
7%
$2,715,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,245,000
Change: +55% · Conversion: Difficult
RESTAURANT
$3,095,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$4.23M
Range $3.80M – $4.65M · ±10% · vs last sale $4.18M (Jul 7 2022)
Last sale anchor
$4.18M
Jul 7 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$227 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$63,118
Tax year 2023
Assessed value
$665,796
Assessed 2023
Previous assessed
$645,390
+3.2% YoY
Effective rate
9.48%
On assessed value
Assessed land
$54,485
Assessed improvement
$611,311
Land market value
$163,471
Improvement market value
$1,834,116
Total market value
$1,997,587
Applied tax rate
9,012.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Construction
BRICK
Heating
NONE
Total area
18,576 SF
Lot
0.72 ac (31,363 SF)
APN
08-05-110-039
UPID
US28-0561150
Jurisdiction
LAKE
Metro division
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.2M
RESTAURANT
Est. value
$3.1M
AUTO REPAIR, GARAGE
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
BRICK
Heating
NONE
Lot
0.72 ac
Current owner
From public records · entity-resolved
Sl Yorkhouse Commons LLC
Entity
Mailing address
873 WRITER CT, VERNON HILLS, IL 60061-2302
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
$4,175,000
Sl Yorkhouse Commons LLC
Hk Yorkhouse Commons LLC
Special Warranty Deed
$3,131,250 · Peoples Bank
Apr 12, 2018
$3,750,000
Hk Yorkhouse Commons LLC
Chicago Title Land Trust Co
Deed
$2,625,000 · Citi Real Estate Funding INC
Aug 4, 2000
$3,750,000
Lasalle Bank NA Trustee
Midway Commons LP
Grant Deed
related
$800,000 · Manufacturers Bank
—
—
Trust 126398
—
Deed Of Trust
related
$3,000,000 · Lelyn Yorkhouse Properties LLC
—
—
Trust 126398
—
Deed Of Trust
related
$3,000,000 · Mb Financial Bank NA
—
—
Trust 126398
—
Deed Of Trust
related
$3,000,000 · Mb Financial Bank NA
—
—
Trust 126398
—
Loan Modification
related
$3,800,000 · Mb Fin'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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?”
You own 3060 Lewis Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
