919 N Green Bay Rd, Waukegan, IL 60085
For Sale
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This exceptional freestanding retail building presents a compelling investment or owner-user opportunity in Waukegan, IL. Located at 919 N Green Bay Rd, this 3,129 square-foot property sits on a 1.21-acre lot and boasts a prime location near the intersection of Grand Avenue (Route 132), offering high visibility and accessibility. Built in 1994, the single-story building is currently vacant and zoned B3, providing flexibility for various uses, including QSR, restaurant, or storefront retail. The property features three points of ingress/egress, ample parking for up to 50 vehicles, and benefits from its proximity to major retailers such as Jewel-Osco, Walgreens, and Burger King, ensuring high traffic volume. Situated along a heavily trafficked corridor with 29,800 daily vehicles, and conveniently located near a PACE bus stop, Route 41, and I-94, this property offers unparalleled exposure and convenience. The asking price is $2,200,000, translating to $703.10 per square foot. This rare freestanding building presents a unique opportunity for development or immediate occupancy in a thriving business corridor. The property's attributes make it ideal for a variety of businesses seeking high visibility and convenient access.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.