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34 N Genesee St
Waukegan, IL 60085
Retail Property For Sale

Investment Highlights

  • Mixed-use building with commercial and residential components.
  • Located in downtown Waukegan near the Genesee Theatre.
  • Two-story brick construction built in 1955.
  • Residential apartment located on the upper level.

Executive Summary

34 N Genesee Street presents an opportunity to acquire a mixed-use investment property in the heart of downtown Waukegan's entertainment and commercial district. Located along Genesee Street near the Genesee Theatre, the two-story brick building combines retail and residential income potential within one of Lake County's established downtown corridors. The first floor is configured for commercial use with prominent street frontage and visibility, while the upper level contains a residential apartment, creating the potential for diversified income streams.
The property's downtown location places it within walking distance of restaurants, retail businesses, cultural attractions, and public transportation, supporting both commercial and residential occupancy. Built in 1955 and situated on a compact urban parcel, the building offers an accessible entry point for investors seeking a mixed-use asset in a redevelopment-oriented downtown environment. Its combination of retail presence, residential component, and proximity to civic and entertainment destinations positions the property for a variety of ownership and investment strategies.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
4,140 SF
Building Class
C
Year Built
1955
Price
$399,876
Price Per SF
$96.59
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.29
Lot Size
0.33 AC
Zoning
B2

Property Taxes

Property Taxes

Parcel Number
08-21-418-021
Land Assessment
$4,054
Improvements Assessment
$39,401
Total Assessment
$43,455
  • Listing ID: 41879126

  • Date on Market: 8/25/2026

  • Last Updated:

  • Address: 34 N Genesee St, Waukegan, IL 60085

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