724 Green Bay RdWaukegan, IL 60085

Property Details for 724 Green Bay Rd

Year built

1991

Construction

BRICK

Lot size

3.95 AC

Property size (Sq ft)

33,032 SF

Property type

Retail space

APN

08-18-324-012

APU

818324012

Description

Grandview Court, a thriving neighborhood retail center in Lake County, offers eight available spaces ranging from 1,000 to 4,028 square feet. This 115,323 square foot property boasts a prime location at the northwest corner of the bustling intersection of Grand Avenue and Green Bay Road, ensuring exceptional visibility and high traffic counts. The center benefits from a grocery store anchor, providing a strong draw for customers. Its strategic position just four miles east of the popular Gurnee Mills Outlet Mall further enhances its accessibility and potential customer base. Situated in a densely populated area, Grandview Court presents a unique opportunity for businesses seeking high-traffic exposure and a strong retail presence. The multiple tenancy structure allows for diverse businesses to thrive within a well-established and successful shopping center. The available spaces are ideal for a variety of retail uses, offering flexibility and potential for significant growth. This is an exceptional opportunity to establish or expand your business in a vibrant and highly visible location. Contact us today to learn more about the available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $8,767,550

  6.5%

  $8,093,123

  7%

  $7,515,043

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,450,855

  Geo Method

  $10,842,093

• Alternative Use

  Use

  Valuation

  Residential

  $6,826,852

  Hospitality

  $6,253,360

  Educational

  $5,202,722

  Medical

  $5,381,652

  Retail

  $8,093,123

Location Insight

City

Waukegan

County

Lake

State

Illinois

Latitude

42.372

Longitude

-87.8831

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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