215 N Waukegan Rd - Convenience Store FOR SALE


Lake Bluff, IL 60044
$995,000 USD
847-373-1766
215 N Waukegan Rd, Lake Bluff, IL for Sale
$995,000 USD
Convenience Store - FOR SALE
1/57
null | 7.12% Cap Rate

215 N Waukegan Rd
Lake Bluff, IL 60044


OVERVIEW

BUILDING NOW UNDER NEW OWNERSHIP AND MANAGEMENT! COMPLETE REHAB OF BUILDING HAS BEEN COMPLETED INCLUDING NEW PARKING LOT, SIDEWALK, LANDSCAPING, SIGNAGE AND EXTERIOR UPDATES. First floor store front Unit 1-N is 1,125 sq ft has a brand new ADA restroom & HVAC in space. Currently occupied by Rodo's Upholstery. Space 1-S is occupied by Posh Paws of Lake Bluff. Both 1dt floor spaces have longer term leases. Space also includes a full 1,125 sq ft basement which can be used for storage or extra private work area. General commercial zoning includes retail space, office, convenience store, beauty & nail salon, medical office space; the possibilities are endless! Additional parking on side and rear of building. Second floor has two separate 2-Bedroom, 1-bath apartments that were fully rehabbed in 2022, including new kitchens, baths, flooring and new HVAC systems. Both second floor apartments are occupied. Please do not disturb tenants. Total monthly income is $7,500. This Property is Broker Owned & Managed.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$237 USD /SF

CAP RATE

7.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

GC

APN/PARCEL ID

12-18-324-001

ASK ABOUT THIS PROPERTY

John JosephitisColdwell Banker RealtyMore Info
847-373-1766

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John JosephitisColdwell Banker RealtyMore Info
847-373-1766

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