2864 Washington Street Waukegan, IL $ 625,000
2864 Washington Street
$ 625,000
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2864 Washington Street

Waukegan, IL, 60085
$ 625,000
Bedrooms-- Baths-- Sq 3,820

Monthly Estimate*

$ 3,848

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Commercial Property for sale in Waukegan, IL

for $625,000. This 3,820 square foot building was built on a lot size of 0.166437.

BW/TJG is exclusively engaged to solicit offers for the fee simple interest in the property located at 2864 Washington Street, Waukegan, Illinois, 60085 (the "Property"). Situated on a 7,250 square-foot lot, the property includes: a 2-bedroom, 2-bathroom home (1,638 sqft), a detached office building (858 sqft), and a detached 2-car garage (360 sqft). This freestanding mixed-use building is strategically positioned at a prime corner location in the North Suburbs of Chicago. It is zoned B2, permitting a limited range of commercial, trade, and personal service businesses, especially along arterial streets near low-density residential areas. The property features air conditioning and forced air in all units (excluding the detached garage), along with a fenced-in front and back yard, and a 2,182 sqft liquor store with parking for approximately 10 cars. This represents an excellent opportunity for both owner-users and investors.

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Commercial Active

Price

$ 625,000

Property Type

Commercial

Taxes

$ 10,093

Style

Food & Beverage,Liquor Store

Lot Size

0.166437

Town/City

Waukegan

County/Region

Lake

MLS | Web ID

12422363

Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available
Possession Closing
Zoning OTHER
Electric Service - 0 to 100 Amps
Stories Count 1
Tax Year 2024
Business Type Food & Beverage Liquor Store
Additional Parcels Description 08194080220000
County Lake
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Possible Use Commercial Liquor License Other
Status Active
Directions Green Bay Road and Washington Street
City Waukegan
MLS Area Park City / Waukegan
Lot Size Square Feet 7250
Tax Annual Amount 10093.12
Additional Parcels Y/N Y
Lease Type N/A
Standard Status Active
Ownership Type Individual
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Exterior
Building Area Total 3820
Lot Dimensions 58x125
Frontage Type City Street
Waterfront Y/N N
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* Excluded Features
List By
Baird & Warner

Broker

wesley.jonberg@bairdwarner.com

Email

Affordability Calculator

$4,689
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,848
Monthly Property Taxes
$841
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/26/2026$625,000 -3.85% Price Down
3/27/2026$650,000 -7.01% Price Down
8/1/2025$699,000 Listed Price

Map


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2864 Washington Street, Waukegan, IL, 60085 is a Commercial Property for sale at $625,000 with 3,820 sqft and a lot size of 0.166437. The property's zip code is 60085 which is in Waukegan, IL