Property profile

850 Grn Bay Rd Waukegan, IL 60085

OFF-MARKET
Turn key restaurants
Property ID
US28-1695199
3,992 SF 0.67 ac lot Built 1992
Entity Owned ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1992
Construction BRICK
Total area 3,992 SF
Lot 0.67 ac (29,007 SF)
APN 08-18-324-006
UPID US28-1695199

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
  • Community Center

Location

850 Grn Bay Rd Waukegan, IL 60085-2238
Waukegan metro Census 861902 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
$876k
Blend (final) Blend
$415k

Owner & transaction history

since 2026
7 recorded transactions
2026
$1.6M
2020
Price N/A
2020
Price N/A
2013
$1.4M
2012
Price N/A
2012
$1.0M
2010
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $700,000 +4.9%

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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