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1200 N Green Bay Rd 2,808 SF Vacant Office Building Waukegan, IL 60085 $529,000 ($188.39/SF) 1% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy traffic location with almost 30,000 average daily traffic count
- Recent remodel inside, excellent condition
- Signalized intersection with an extra large sign that can't be missed
EXECUTIVE SUMMARY
Great corner location on Waukegan's north side. Heavy traffic at a signalized intersection of Green Bay Rd. and Crescent St. Extra large sign that is grandfathered in and can't be missed. Excellent condition inside, newer roof (2019) and plenty of parking (recently seal coated lot). Handicap accessible with covered carport at the entrance. Great for any retail or office use. Currently consists of a beautiful waiting room and reception area with vaulted ceilings, skylight, and fireplace, four exam rooms, surgical room, conference room, two baths and more.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Medical
Building Size
2,808 SF
Building Class
B
Year Built/Renovated
1957/1991
Price
$529,000
Price Per SF
$188.39
Cap Rate
1%
NOI
$5,290
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,404 SF
Building FAR
0.20
Lot Size
0.32 AC
Zoning
B3, General Commercial - Office/ retail zoning
Parking
18 Spaces (6.41 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 08-18-301-014 | Total Assessment | $108,257 |
| Land Assessment | $44,540 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $63,717 | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
08-18-301-014
Land Assessment
$44,540
Improvements Assessment
$63,717
Total Assessment
$108,257
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2025
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1200 N Green Bay Rd
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