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3331 Belvidere Rd
Waukegan, IL 60085

Family Dollar & Greenlight Dispensary · Retail Property For Sale

Storefront Properties Illinois Waukegan 3331 Belvidere Rd, Waukegan, IL 60085

Investment Highlights

  • Chicago MSA Acquisition Opportunity w/ Strong Demographics
  • Resilient Tenant Mix with Investment Grade Retailer
  • Highly Trafficked Retail Corridor
  • Limited Landlord Responsibilities with Attractive Rent Increases
  • Excellent Local and Regional Access
  • Expanding Cannabis Market in Limited License State

Executive Summary

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Family Dollar & Greenlight Dispensary asset located in Park City, IL (“The Property”). The Property consists of a 14,868-square-foot, multi-tenant retail building that sits on approximately 2.0-acres of land. The Property is strategically positioned immediately east of Skokie Highway, at the southwest corner of Belvidere Road and Knight Avenue. The Property is 100% leased to Family Dollar, Greenlight Dispensary, and Buddy’s Cafe & Smoke Shop, which all operate under passive net leases with limited landlord responsibilities. See lease abstract for full details.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,868 SF
Building Class
C
Year Built/Renovated
1991/2019
Price
$4,431,655 CAD
Price Per SF
$298 CAD
Cap Rate
8%
NOI
$354,532 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
2.00 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Links

PROPERTY TAXES

Parcel Numbers
Multiple
  • 08-30-301-006
  • 08-30-301-007
 Improvements Assessment $378,686 CAD
Land Assessment $213,694 CAD Total Assessment $592,380 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 08-30-301-006
  • 08-30-301-007
Land Assessment
$213,694 CAD
Improvements Assessment
$378,686 CAD
Total Assessment
$592,380 CAD
 

  • Listing ID: 33935945

  • Date on Market: 2024-11-20

  • Last Updated:

  • Address: 3331 Belvidere Rd, Waukegan, IL 60085

The Retail Property at 3331 Belvidere Rd, Waukegan, IL 60085 is currently available for sale. Contact Northmarq for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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3331 Belvidere Rd, Waukegan, IL for sale Building Photo- Image 1 of 4
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