2314 Green Bay RdNorth Chicago, IL 60064
- Retail properties
- 5,400 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,433,300
- 6.5%
- $1,323,046
- 7%
- $1,228,543
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,381,528
- Geo Method
- $1,772,442
-
Alternative Use
- Use
- Valuation
- Residential
- $1,116,039
- Hospitality
- $1,022,286
- Educational
- $850,530
- Medical
- $879,781
- Retail
- $1,323,046
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
Comparable in this City
Similar Nearby for Sale
FAQs
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