1465 N Green Bay Road

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1465 N Green Bay Road

Waukegan, IL 60085
Asking Price
$685K
Asset Type
Storefront Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The 5.12-acre site is listed for sale at $685,000.
  • Located in Waukegan, Illinois, near established local commercial infrastructure.
  • The property is categorized as land suitable for storefront development.
  • Waukegan provides strong access to the greater Chicago metropolitan area.
  • Large acreage offers flexible design potential for various commercial projects.

What's Special

Priced at $685,000, this 5.12-acre parcel of land in Waukegan, Illinois, presents a significant development prospect for a storefront asset. The property sits within a growing suburban market that benefits from its position in the Chicago metropolitan area, providing access to regional transportation infrastructure and a diverse consumer base. Waukegan serves as a major industrial and commercial hub for Lake County, making this site well-positioned for businesses looking to capitalize on local traffic patterns and established logistical networks. Investors and developers might consider this land for a variety of retail or commercial storefront applications, given the generous acreage available for building footprints and site circulation. The site offers sufficient space to accommodate modern commercial requirements while remaining connected to the broader economic activity of the Northern Illinois region.

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NOI
$80,000
Cap Rate
11.68%
DSCR
1.97
Strong
Cash-on-Cash
19.14%
Monthly Payment
$3,389.006
Annual Cash Flow
$39,331.925

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