2000 W Grand Ave - Freestanding FOR SALE


Waukegan, IL 60085- Downtown Waukegan
$515,000 USD
708-859-8000
2000 W Grand Ave, Waukegan, IL for Sale
$515,000 USD
Freestanding - FOR SALE
1/8
null | 8.16% Cap Rate

2000 W Grand Ave
Waukegan, IL 60085
Downtown Waukegan


OVERVIEW

This 1,500-square-foot freestanding building is situated on a 15,000-square-foot lot, providing ample parking space. Since 2017, the property has been occupied by Oportun Financial, a national credit tenant specializing in inclusive, affordable financial services. The current lease extends through the end of 2026, with two additional four-year renewal options that include rent increases. The tenant manages all day-to-day maintenance, including landscaping and snow removal, and reimburses the owner for real estate taxes. This investment offers a stable income stream with a long-term tenant in place. The building's location on Grand Avenue ensures high visibility and accessibility, making it a valuable addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$515,000 USD

PRICE/SF

$343 USD /SF

CAP RATE

8.16%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

B-3, Waukegan

APN/PARCEL ID

08-17-321-027

ASK ABOUT THIS PROPERTY

Vick MehtaIndvestia Real Estate PartnersMore Info
708-859-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Vick MehtaIndvestia Real Estate PartnersMore Info
708-859-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.