2314 Green Bay RdNorth Chicago, IL 60064

Property Details for 2314 Green Bay Rd

Year built

2005

Construction

BRICK

Lot size

0.55 AC

Property size (Sq ft)

5,400 SF

Property type

Retail space

APN

12-05-319-002

APU

1205319002

Description

This exceptional opportunity presents the acquisition of an established nail salon located at 2314 Green Bay Road, North Chicago, Illinois, 60064. The property, situated on a substantial 28,893 square foot lot, boasts a 1,200 square foot building currently operating as a successful nail salon. This is a unique chance to own a business with no direct competition in a busy neighborhood near an army base, ensuring a consistent flow of clientele. The salon enjoys a diverse customer base and a reputation for high client tips, indicating strong profitability. The asking price for this turnkey operation is $110,000. Monthly rent is $2,200, which includes all Net, Net, Net (NNN) expenses. The property's location in Lake County, Illinois, offers excellent visibility and accessibility. This is a rare opportunity to acquire a profitable, established business in a high-demand market with significant growth potential. The property's size and location make it an ideal investment for an entrepreneur seeking a stable and lucrative venture. This is a truly unique opportunity to own a thriving business in a prime location. Don't miss out on this exceptional chance to own a successful and profitable nail salon.

• CAP approach

  CAP return

  Valuation

  6%

  $1,137,650

  6.5%

  $1,050,140

  7%

  $975,129

• Comparable approach

  Method

  Valuation

  Relative Method

  $570,154

  Geo Method

  $731,484

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,072,360

  Mixed-Use / Specialty

  $1,036,500

  Hospitality / Lodging

  $747,564

  Office

  $1,020,040

  Institutional / Educational

  $1,074,010

  Residential Income

  $1,256,590

  Multifamily

  $1,561,940

  Automotive / Energy

  $920,576

  Parking / Income-Based Land

  $327,456

  Restaurant / Food Service

  $517,973

  Healthcare / Senior Housing

  $1,073,060

Location Insight

City

North Chicago

County

Lake

State

Illinois

Latitude

42.3164

Longitude

-87.8655

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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