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742 W Greenwood Ave 11,986 SF Office Building Waukegan, IL 60087 $650,000 ($54.23/SF)
Investment Highlights
- Corner Location & Visibility
- Abundant Parking | 25+ Cars
- Enclosed Delivery Garage
- Turn-Key for School/Day Care
- Turn-Key for School, Administrative, Office
- Large Open Area for Gym, Play Area & Performance Area
Executive Summary
Positioned on a prominent corner in an established residential neighborhood, this 11,986 SF masonry building offers a highly functional and adaptable layout ideal for a variety of institutional or community-oriented uses, including daycare, educational, or nonprofit occupancy. Originally constructed in 1967 and well-maintained, the property features a combination of private classrooms, administrative offices, and a large open auditorium-style space with stage—providing flexibility for programming, events, or assembly use. The building is equipped with zoned HVAC, multiple restrooms, and life-safety systems, making it well-suited for immediate occupancy or repositioning.
The property sits on a 15,000 SF corner lot, complemented by an additional 11,313 SF parking lot directly across the street with capacity for approximately 26 vehicles, offering a rare dual-parcel configuration that enhances functionality and accessibility. A small fenced outdoor area further supports childcare or recreational use. Located within a primarily residential neighborhood with proximity to local arterials and community amenities, the asset benefits from strong accessibility and a built-in user base. This offering presents a compelling opportunity for owner-users, investors, or organizations seeking a welllocated, purpose-built facility with both immediate usability and long-term adaptability.
The property sits on a 15,000 SF corner lot, complemented by an additional 11,313 SF parking lot directly across the street with capacity for approximately 26 vehicles, offering a rare dual-parcel configuration that enhances functionality and accessibility. A small fenced outdoor area further supports childcare or recreational use. Located within a primarily residential neighborhood with proximity to local arterials and community amenities, the asset benefits from strong accessibility and a built-in user base. This offering presents a compelling opportunity for owner-users, investors, or organizations seeking a welllocated, purpose-built facility with both immediate usability and long-term adaptability.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
11,986 SF
Building Class
C
Year Built
1967
Price
$650,000
Price Per SF
$54.23
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,986 SF
Building FAR
0.46
Lot Size
0.60 AC
Zoning
B-2 - Community Shopping
Parking
50 Spaces (4.21 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
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742 W Greenwood Ave
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