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226 N Martin Luther King Jr Ave 3,078 SF 100% Leased Office Building Waukegan, IL 60085 $199,000 ($64.65/SF)
Investment Highlights
- Close to the Courthouse
- Onsite parking
- Multiple uses
Executive Summary
Spacious office suites available for sale. This space is perfect for Law Firms, Real Estate Services, Insurance Services, Financial Services, Staffing Services, etc. Close to courthouse, Downtown Waukegan, and Metra. 8 Parking spaces available behind building as well as additional on the street.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$6,559
|
$2.13
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$6,559
|
$2.13
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $6,559 |
| Annual Per SF | $2.13 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $6,559 |
| Annual Per SF | $2.13 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,078 SF
Building Class
C
Year Built
1950
Price
$199,000
Price Per SF
$64.65
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,539 SF
Slab To Slab
10’
Building FAR
0.27
Lot Size
0.26 AC
Parking
10 Spaces (4.94 Spaces per 1,000 SF Leased)
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Abrams Ament
- Professional, Scientific, and Technical Services
- -
- -
- -
- Christopher J. Fekete
- Professional, Scientific, and Technical Services
- -
- -
- -
- Maer Davis
- -
- -
- -
- -
- Scott P Williams Attorney at Law
- Professional, Scientific, and Technical Services
- -
- -
- -
- The Law Office of Maer I. Davis
- Professional, Scientific, and Technical Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Abrams Ament | Professional, Scientific, and Technical Services | - | - | - | ||
| Christopher J. Fekete | Professional, Scientific, and Technical Services | - | - | - | ||
| Maer Davis | - | - | - | - | ||
| Scott P Williams Attorney at Law | Professional, Scientific, and Technical Services | - | - | - | ||
| The Law Office of Maer I. Davis | Professional, Scientific, and Technical Services | - | - | - |
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Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-21-218-011 | Total Assessment | $81,180 (2025) |
| Land Assessment | $33,827 (2025) | Annual Taxes | $6,559 ($2.13/SF) |
| Improvements Assessment | $47,353 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
08-21-218-011
Land Assessment
$33,827 (2025)
Improvements Assessment
$47,353 (2025)
Total Assessment
$81,180 (2025)
Annual Taxes
$6,559 ($2.13/SF)
Tax Year
2024
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Contact the Sale Advisor
226 N Martin Luther King Jr Ave