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2421-2425 Washington St 1,000 SF of Office/Retail Space Available in Waukegan, IL 60085
Highlights
- 11-unit mixed-use property with residential apartments and ground-floor commercial space.
- Located along Washington Street, a primary commercial corridor in Waukegan with strong visibility.
- Zoned B-3, allowing for mixed-use commercial and residential occupancy.
- Value-add potential through residential rent growth and commercial lease optimization.
All Available Space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Condition
- Available
Approximately 1,000 SF of office/retail space located on a high-traffic street and business corridor in Waukegan, just one mile west of downtown and the harbor. Previously used as a hair salon, the space offers a flexible layout with reception, open work areas, private rooms, kitchenette, and restroom facilities. The property includes 100-amp electrical service and access to a 750 SF basement storage area. Plenty of rear parking available for employees and customers. Contact listing agent for additional details or to schedule a tour.
- Rate includes utilities, building services and property expenses
- Open Floor Plan Layout
- Reception Area
- Zoned B-3, allowing for mixed-use commercial.
- Suite has access to 750 SF basement storage area.
- Fully Built-Out as Standard Retail Space
- Fits 3 - 8 People
- Located in-line with other retail
- Flexible layout with reception area included.
- Kitchenette and restroom facilities are included.
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| 1st Floor | 1,000 SF | Negotiable | $14.00 /SF/YR $1.17 /SF/MO $14,000 /YR $1,167 /MO | Office/Retail | Full Build-Out | Now |
1st Floor
| Size |
| 1,000 SF |
| Term |
| Negotiable |
| Rental Rate |
| $14.00 /SF/YR $1.17 /SF/MO $14,000 /YR $1,167 /MO |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 1,000 SF |
| Term | Negotiable |
| Rental Rate | $14.00 /SF/YR |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Now |
Approximately 1,000 SF of office/retail space located on a high-traffic street and business corridor in Waukegan, just one mile west of downtown and the harbor. Previously used as a hair salon, the space offers a flexible layout with reception, open work areas, private rooms, kitchenette, and restroom facilities. The property includes 100-amp electrical service and access to a 750 SF basement storage area. Plenty of rear parking available for employees and customers. Contact listing agent for additional details or to schedule a tour.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Open Floor Plan Layout
- Fits 3 - 8 People
- Reception Area
- Located in-line with other retail
- Zoned B-3, allowing for mixed-use commercial.
- Flexible layout with reception area included.
- Suite has access to 750 SF basement storage area.
- Kitchenette and restroom facilities are included.
About the Property
2421–2425 Washington Street is an 11-unit mixed-use multifamily property located along the Washington Street corridor in Waukegan, Illinois. The three-story, low-rise building contains a mix of residential apartment units and ground-floor commercial space, offering diversified income potential within a single asset. The property totals approximately 9,100–12,320 square feet and is situated on a 0.46-acre lot. The residential component includes a variety of unit types, while the commercial spaces are positioned at street level along a well-traveled corridor, supporting visibility and accessibility. Zoned B-3, the property is located within an established urban area with proximity to retail, public transportation, and major employers throughout Lake County. The asset has historically been marketed as fully occupied and positioned as a value-add investment opportunity with rental upside based on in-place rents
Property Facts
| Total Space Available | 1,000 SF | Apartment Style | Low-Rise |
| No. Units | 11 | Building Size | 12,320 SF |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment |
| Total Space Available | 1,000 SF |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Size | 12,320 SF |
| Year Built | 1924 |
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2421-2425 Washington St
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