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Oportun 2000 W Grand Ave 1,500 SF Retail Building Waukegan, IL 60085 $512,471 ($341.65/SF) 8.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Attractive Rent Increase
  • Minimal Management Responsibilities
  • Traffic Counts
  • Dynamic Tenant
  • Prime Retail Location
  • Strong Demographics

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Oportun located at 2000 W Grand Avenue in Waukegan, Illinois (the “Property”). Oportun occupies a 1,500 square foot building on a 0.36-acre parcel of land and has been at this location since 2017. Oportun has 1+ years remaining on their lease with two (2), 4-year renewal options. The lease calls for attractive rent increases at the start of each of the renewal options.
The Property is extremely well located along Grand Avenue, one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding visibility, frontage and access and is in the center of a dense trade area that is home to shopping centers, national and local retailers, restaurants, and businesses, all of which drive traffic to the area. Oportun is within minutes of several area schools and is surrounded by residential neighborhoods providing a built-in customer base. Additionally, the Property is convenient to Lake Michigan, Waukegan Municipal Beach, and the area’s highways.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,500 SF
Building Class
C
Year Built
1951
Price
$512,471
Price Per SF
$341.65
Cap Rate
8.50%
NOI
$43,560
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.36 AC
Zoning
B-3, Waukegan - General Commercial
Parking
14 Spaces (9.72 Spaces per 1,000 SF Leased)
Frontage
101’ on Grand Avenue

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Finance and Insurance
  • -
  • -
  • -

Acceptance Insurance is a proud member of Confie, the largest personal lines agency in the U.S. They believe in investing in the communities they serve by offering affordable insurance solutions so their customers can have peace of mind. Their agents and team members uphold values, which include promoting excellence, responsibility and caring. Acceptance has been in business since 1969. They offer their services so they come to their clients to help find the solutions needed, regardless of background and driving record. They offer easy solutions to meet unique needs.

  • Finance and Insurance
  • -
  • -
  • -

Oportun (Nasdaq: OPRT) is a financial services company that leverages its digital platform to provide responsible consumer credit to hardworking people. Using A.I.-driven models that are built on 15 years of proprietary customer insights and billions of unique data points, Oportun has extended more than $9.8 billion in affordable credit, providing its customers with alternatives to payday and auto title loans. In recognition of its responsibly designed products which help consumers build their credit history, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009. The Company recently applied for a national bank charter to expand its services and make its products available in all 50 states.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Finance and Insurance - - -
Finance and Insurance - - -
Walk Score®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

El Rancho
Rent-A-Center
Curves

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-17-321-027
Land Assessment
$37,576
Improvements Assessment
$47,169
Total Assessment
$84,745
  • Listing ID: 37878536

  • Date on Market: 9/30/2025

  • Last Updated:

  • Address: 2000 W Grand Ave, Waukegan, IL 60085

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