1033 Waukegan RdGlenview, IL 60025

Property Details for 1033 Waukegan Rd

Year built

1954

Lot size

0.11 AC

Property type

Retail space

APN

04-35-207-101

APU

435207101

Description

This exceptional 800-square-foot commercial building is located in downtown Glenview, Illinois, at 1033 Waukegan Road. The property boasts a prime location and includes a substantial rear lot providing parking for ten or more vehicles. Currently operating as a thriving hair salon for over 25 years, the building offers a turnkey opportunity for a variety of businesses. The existing build-out is ideal for a hair salon, nail salon, cosmetic business, esthetician practice, or spa, but the property's versatility extends to numerous other commercial, retail, food service, or restaurant uses. The solid brick building sits on land owned by the seller, eliminating lease concerns. This presents a rare opportunity to acquire a well-established business location with ample parking in a highly desirable downtown area. The building's current layout is detailed in a floor plan available upon request. The asking price is $449,000. This is a fantastic investment opportunity for an entrepreneur looking to establish or relocate their business in a thriving community. The seller is retiring and motivated to sell. Don't miss this chance to own a valuable piece of Glenview real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $2,095,653

  6.5%

  $1,934,449

  7%

  $1,796,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,554,497

  Geo Method

  $1,554,497

• Alternative Use

  Use

  Valuation

  Residential

  $1,631,780

  Hospitality

  $1,494,702

  Educational

  $1,243,574

  Medical

  $1,286,343

  Retail

  $1,934,449

Location Insight

City

Glenview

County

Cook

State

Illinois

Latitude

42.0738

Longitude

-87.7984

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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