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653 N Green Bay Rd
Waukegan, IL 60085
Dutch Bros · Retail Property For Sale

Executive Summary
This brand new construction Dutch Bros Coffee is positioned adjacent to a Thorntons gas station, the site benefits from multiple access points, prominent monument signage, and excellent exposure to daily commuter traffic. The property also enjoys convenient regional accessibility, located less than 1 mile from U.S. Route 41 (36,800 ADT), a major north-south corridor providing direct access to Downtown Chicago approximately 41 miles to the south. Waukegan National Airport is located approximately 4 miles from the site, further enhancing regional connectivity.
The property is surrounded by an established retail corridor featuring a strong mix of national retailers and daily-needs businesses. Neighboring tenants include McDonald’s, Starbucks, Chipotle, Jewel-Osco, Walgreens, Days Inn, Old National Bank, Fifth Third Bank, Toyota, Kia, and numerous additional retail, restaurant, and service providers that generate consistent consumer traffic throughout the day. Other area retailers include Lewis Fresh Market, Dollar Tree, Harbor Freight, Speedway, Papa John’s, and more.
The property is surrounded by an established retail corridor featuring a strong mix of national retailers and daily-needs businesses. Neighboring tenants include McDonald’s, Starbucks, Chipotle, Jewel-Osco, Walgreens, Days Inn, Old National Bank, Fifth Third Bank, Toyota, Kia, and numerous additional retail, restaurant, and service providers that generate consistent consumer traffic throughout the day. Other area retailers include Lewis Fresh Market, Dollar Tree, Harbor Freight, Speedway, Papa John’s, and more.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,090 SF
Building Class
B
Year Built
2026
Price
$3,130,000
Price Per SF
$2,871.56
Cap Rate
5.40%
NOI
$169,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.09 AC
Parking
16 Spaces (14.68 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 08-19-103-026 | Improvements Assessment | $0 |
| Land Assessment | $123,299 | Total Assessment | $123,299 |
Property Taxes
Parcel Number
08-19-103-026
Land Assessment
$123,299
Improvements Assessment
$0
Total Assessment
$123,299
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