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616 Washington St 6,556 SF Retail Building Waukegan, IL 60085 $439,000 ($66.96/SF)
Executive Summary
• The former funeral home, encompassing ~6,556 square feet, includes both residential and office components, offering flexibility for separate operating, administrative, gathering, and support functions.
• Well suited for an owner-user or specialty-service operator, with potential for adaptive reuse by commercial, professional-service, community, or institutional users.
• ~27,453 square feet of land, with an attractive 4.2:1 land-to-building ratio, makes the site suitable for possible site redevelopment.
• Prominent Washington Street location benefiting from an IDOT-reported traffic count of ~17,100 vehicles per day.
• Well suited for an owner-user or specialty-service operator, with potential for adaptive reuse by commercial, professional-service, community, or institutional users.
• ~27,453 square feet of land, with an attractive 4.2:1 land-to-building ratio, makes the site suitable for possible site redevelopment.
• Prominent Washington Street location benefiting from an IDOT-reported traffic count of ~17,100 vehicles per day.
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
6,556 SF
Building Class
C
Year Built
1950
Price
$439,000
Price Per SF
$66.96
Tenancy
Single
Building Height
2 Stories
Building FAR
0.24
Lot Size
0.63 AC
Zoning
B2
Parking
50 Spaces
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-21-302-117 | Improvements Assessment | $59,860 |
| Land Assessment | $47,547 | Total Assessment | $107,407 |
Property Taxes
Parcel Number
08-21-302-117
Land Assessment
$47,547
Improvements Assessment
$59,860
Total Assessment
$107,407
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616 Washington St