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215 N Waukegan Rd

4,200 SF 100% Leased Retail Building Lake Bluff, IL 60044 $1,410,383 CAD ($336 CAD/SF) 7.12% Cap Rate

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Executive Summary

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.