Waukegan, IL 60085 2000 Grand Avenue
$515,000
Presented By: Indvestia Real Estate Partners, Inc.
Home Details
Armchair investment opportunity is knocking in 2025. Sit back and collect that mailbox money with this single tenant property with long term occupancy by national credit tenant. Building is 1,500 square feet on 15k sq ft lot with plenty of parking. Tenant does all day-to-day maintenance including landscaping and snow removal. Tenant reimburses for real estate taxes. Oportun Financial has occupied the space since 2017. Current lease expires at end of 2026 and has 2 four year options to renew with healthy rent increases. Oportun is a mission-driven, technology-powered provider of inclusive, affordable financial services and a certified Community Development Financial Institution. By lending money to hardworking, low-to-moderate income individuals, Oportun helps them move forward in their lives, demonstrate their creditworthiness, and establish the credit history they need to access new opportunities. Oportun operates 300 retail locations and delivers bilingual (English/Spanish) customer service through retail locations, contact centers, and mobile to customers in twelve states: Arizona, California, Florida, Idaho, Illinois, Missouri, Nevada, New Jersey, New Mexico, Texas, Utah, and Wisconsin. Call LA for more details. Please DO NOT DISTURB TEANNT.
Presented By: Indvestia Real Estate Partners, Inc.
General for 2000 Grand Avenue
Additional Parcels Y/NNo
Cap Rate8.15
CityWaukegan
CoolingCentral Air
CountyLake
Directionscorner of Grand & Westmoreland Ave.
ElectricCircuit Breakers, Service - 101 to 200 Amps
Gross Income50060
Leasable Area
Lot Size Square Feet15450
MLS AreaPark City / Waukegan
ModificationTimestamp2025-01-12T06:07:12.171Z
Net Operating Income42003
Operating Expense1557
Property SubtypeRetail
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount7640
Tax Year2023
Year Built1951
ZoningCOMMR
Exterior for 2000 Grand Avenue
Building Area Total1500
Lot Dimensions150 X 103
Additional Details
Price History
