For Lease
$20/SF/YR

2101 Grand AveWaukegan, IL 60085

Modern Restaurant, High Visibility, Ample Parking

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 4,892 square foot restaurant building is situated in a prime Waukegan, IL location on Grand Avenue. Completely remodeled and boasting a state-of-the-art modern kitchen, this property offers high visibility thanks to a large monument sign. The building sits on a 0.63-acre lot, providing an additional parking area with 46 spaces, exceeding typical restaurant needs. Previously home to a long-standing restaurant, this space is ideal for owner-operators or established restaurant tenants seeking a turn-key operation. The landlord is offering a significant incentive package: up to $75,000 in tenant improvements for a 5+5 year Net Net Net (NNN) lease, along with the possibility of rent abatement for qualified tenants with substantial net worth and proven restaurant experience. This presents a unique opportunity to establish or relocate a thriving restaurant business in a highly visible and convenient location. The single-tenant building offers a spacious layout and is ready for immediate occupancy. The combination of modern amenities, ample parking, and a prime location makes this property a truly exceptional investment opportunity.

Highlights

  • Landlord offers up to $75,000 in tenant improvements (TI) for a 5+5 year NNN lease with potential rent abatement for qualified tenants.
  • 4,892 SF restaurant space in a prime Waukegan, IL location.
  • Completely remodeled with a modern kitchen.
  • High visibility on Grand Avenue with a monument sign.
  • Additional parking lot included (46 spaces total).

Property Details for 2101 Grand Ave

Property type
Restaurants
RSF (Rentable sq. ft)
4,892 SF

Unit(s) available at that property

Space
Size
4,892 SF
Rate per SF
$20

Location Insight

City
Waukegan
County
Lake
State
Illinois
Latitude
42.370275303547
Longitude
-87.858371007171
2101 Grand Ave, Waukegan, Illinois

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Contacts

John Pantelopoulos

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2101 Grand Ave, Waukegan, Illinois, 60085

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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2101 Grand Ave
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