2614 Grand Ave
Waukegan, IL 60085
Retail Property For Sale
EXECUTIVE SUMMARY
Could accommodate either an investor or an owner occupant. 4000 sf of building on more than 1/2 acres of land with 3 car garage on Grand Ave. just west of McAree Road with a combined traffic count of almost 30,000 VPD. Three unit structure with one commercial space on lower level and 2 residential units on upper level and a billboard sign. The residential units are currently rented and the commercial unit is vacant. Total of 5 PIN's with the tax amount reflecting the total of all PIN's. Property being sold "as is".
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,100 SF
Building Class
B
Year Built
1955
Price
$389,000
Price Per SF
$94.88
Cap Rate
4.81%
NOI
$18,700
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
0.38
Lot Size
0.25 AC
Zoning
B2
Frontage
81’ on Grand Ave
PROPERTY TAXES
| Parcel Number | 08-18-417-018 | Improvements Assessment | $69,366 |
| Land Assessment | $17,301 | Total Assessment | $86,667 |
