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2864 Washington St, Waukegan, IL 60085-4849 2864 Washington St 3,820 SF 100% Leased Retail Building Waukegan, IL 60085 $650,000 ($170.16/SF)



Investment Highlights
- An excellent opportunity for an owner-user or investor
- Prime corner location in the North Suburbs of Chicago
Executive Summary
The JonBerg Group of Baird & Warner Real Estate, Inc. has been exclusively engaged to solicit offers to purchase the fee simple interest of the subject property located at 2864 Washington Street, Waukegan, Illinois, 60085 (the "Property"). The property is situated on a 7,250 square-foot lot. It is comprised of a 2,182 sqft liquor store with parking for approximately 10 cars, a 2-bedroom/2-bathroom home (1,638 sqft), a detached office building (858 sqft), and a detached 2-car garage (360 sqft). The subject property is described as a freestanding mixed-use building situated on a prime corner location in the North Suburbs of Chicago. It is zoned B2, which allows a limited range of commercial, trade, and personal service businesses along arterial streets primarily in proximity to low-density residential areas. Features AC and forced air in all units (except detached garage) as well as a fenced-in front and back yard. An excellent opportunity for an owner-user or investor.
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
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,820 SF
Building Class
C
Year Built
1960
Price
$650,000
Price Per SF
$170.16
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.26 AC
Parking
11 Spaces (2.88 Spaces per 1,000 SF Leased)
Frontage
154’ on Washington Street
Amenities
- Courtyard
- Fenced Lot
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-19-408-022 | Total Assessment | $122,868 (2025) |
| Land Assessment | $18,843 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $104,025 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
08-19-408-022
Land Assessment
$18,843 (2025)
Improvements Assessment
$104,025 (2025)
Total Assessment
$122,868 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2864 Washington St, Waukegan, IL 60085-4849 | 2864 Washington St
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