New search
Property profile & analytics
FOR LEASE
Warehouses
3210 Oak Grove Ave Waukegan, IL 60087
Entity Owned
~
Est. High Equity
Property ID
US28-0127066
For Lease
Contact for pricing
3210 Oak Grove Ave, Waukegan, IL 60087
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
BRICK
Total area
1,568 SF
Lot
5.95 ac (259,008 SF)
APN
07-01-101-007
UPID
US28-0127066
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
-
GEON Performance Solutions, LLC - Polymax TPE Chemical Plant
-
Lake County Press Complete Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vk 3210 Oak Grove LLC
Vk 3210 Oak Grove LLC
since 2026
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$289,748
Tax year 2023
Assessed value
$2,390,490
Assessed 2023
Previous assessed
$2,320,864
+3.0% YoY
Effective rate
12.12%
On assessed value
Assessed land
$448,043
Assessed improvement
$1,942,447
Land market value
$1,344,263
Improvement market value
$5,827,924
Total market value
$7,172,187
Applied tax rate
8,024.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2006
Construction
BRICK
Heating
NONE
Total area
1,568 SF
Lot
5.95 ac (259,008 SF)
APN
07-01-101-007
UPID
US28-0127066
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
Building & site characteristics
From public records
Year built
2006
Construction
BRICK
Heating
NONE
Lot
5.95 ac
Current owner
From public records · entity-resolved
Vk 3210 Oak Grove LLC
Entity
Mailing address
1600 A ST STE #110, ANCHORAGE, AK 99501-5146
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2026
$11,200,000
Vk 3210 Oak Grove LLC
Cerberus Acquisitions LLC
Special Warranty Deed
—
Oct 8, 2019
$9,475,000
Cerberus Acquisitions LLC
Lit Industrial Limited Partnership
Special Warranty Deed
$7,100,000 · Northrim Bank
Jan 10, 2012
—
Lit Industrial LP
—
Deed Of Trust
related
$51,550,000 · Hartford Life Insurance Co
Jul 28, 2006
$14,077,800
Lit Industrial Ltd Ptshp
Owner Name Unavailable
Grant Deed
related
—
Jun 22, 2005
$2,043,000
Oak Grove Industrial Center LLC
Yorkhouse LLC
Special Warranty Deed
$9,800,000 · Jpmorgan Chase Bank NA
—
—
Lit Industrial LP
—
Deed Of Trust
related
—
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?”
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.
