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3035-3043 Belvidere Rd
Waukegan, IL 60085

$2,962,000 USD

Freestanding For Sale  •  14,180 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 12,972 SF
  • Lot Size 1.35 AC
  • Building Class B
  • Year Built 2005
  • Cap Rate 7.00 %
  • Tenancy Multiple
  • Zoning B-3
29 Transit Score
67 Walk Score

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

Property Flyers

Cap Rate: 7.00 %

Public Transportation

Commuter RailDriveWalkDistance
Waukegan Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 7 min - 3.1 mi
North Chicago Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 8 min - 3.5 mi
AirportDriveWalkDistance
Chicago O'Hare International 41 min - 31.2 mi
Ben Udell 847-345-2827 CPP CRE ILLINOIS, LLC
Ben Udell 847-345-2827 CPP CRE ILLINOIS, LLC