3035-3043 Belvidere Rd - Freestanding FOR SALE


Waukegan, IL 60085
$2,962,000 USD
847-345-2827
3035-3043 Belvidere Rd, Waukegan, IL for Sale
$2,962,000 USD
Freestanding - FOR SALE
1/4
null | 7% Cap Rate

3035-3043 Belvidere Rd
Waukegan, IL 60085


HIGHLIGHTS

  • 100% occupied inline strip building with long-term leases signed featuring annual rental increases
  • Recently renovated in 2024 which included roof replacement on 40% of the leasable area
  • Endcap drive-thru
  • Low price per foot – $206
  • Anchored by Concentra – the largest provider of occupational health services in the country by number of locations
  • Affluent demographics – $103,000 average household incomes within a 1-mile radius of the subject property

OVERVIEW

100% occupied inline strip with long-term leases in place featuring annual rental increases. Subject property underwent a full-scale renovation/upgrade in 2024 which included roof replacement on 40% of the leasable area. The building is anchored by Concentra – the largest provider of occupational health services in the country by number of locations.

FOR SALE DETAILS

PRICE

$2,962,000 USD

PRICE/SF

$209 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Concentra Strip

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

B-3

APN/PARCEL ID

08-30-305-001

ASK ABOUT THIS PROPERTY

Ben UdellCPP CRE ILLINOIS, LLCMore Info
847-345-2827

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Ben UdellCPP CRE ILLINOIS, LLCMore Info
847-345-2827

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