2424 Washington Street Waukegan, IL $ 1,350,000
2424 Washington Street
$ 1,350,000
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2424 Washington Street

Waukegan, IL, 60085
$ 1,350,000
Bedrooms-- Baths-- Sq 32,305
2424 Washington Street, Waukegan, IL 60085 - Image 1
2424 Washington Street, Waukegan, IL 60085 - Image 2

Property for Rent in Waukegan, IL

for $1,350,000. This 32,305 square foot property was built in 1960 on a lot size of 2.16001.

Opportunity Knocks! The availability of this 32,305 sf building on 2.16 acres, with 5 road cuts, located at a stoplight hard corner with approximately 31,000 vehicles per day offers a wonderful circumstance for an owner/user or investor! Substantial demographics within a 3 mile radius include a population approaching 110,000 with an average household income in excess of $90,000 per year. The median age of this site's population in this set is 33.8, 5.3 years below the national median age of 39.1. With a "going in" capitalization rate of 7.52, and approximately 6000 sf of vacant available space, the upside potential of this investment is terrific!

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Rental Active

Price

$ 1,350,000

Taxes

$ 30,580

Style

Lot Size

2.16001

Year Built

1960

Town/City

Waukegan

County/Region

Lake

MLS | Web ID

12564582

Features
General
Cooling Central Air
Zoning COMMR
Year Built 1960
Electric Circuit Breakers
Tenant Pays Varies by Tenant
Stories Count 1
Township Waukegan
Property Subtype Retail
Tax Year 2024
Gross Income 181008
Assoc Fee Paid Per Not Applicable
County Lake
Net Operating Income 101508
Operating Expense 79500
Property Type Commercial Sale Retail/Stores
Status Active
Directions The NE corner of Washington St. and Green Bay Road
City Waukegan
MLS Area Park City / Waukegan
Lot Size Square Feet 94090
Tax Annual Amount 30580
Additional Parcels Y/N N
Leasable Area 5000
Lease Type Modified Gross
Standard Status Active
Cap Rate 7.52
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Exterior
Building Area Total 32305
Lot Dimensions 322x308
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* Excluded Features
List By
Callahan Blandings & Schaper

Broker

nnicketakis@ccim.net

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/10/2026$1,350,000 Listed Price

Map


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2424 Washington Street, Waukegan, IL, 60085 is a Property for Rent at $1,350,000 with 32,305 sqft and a lot size of 2.16001. 2424 Washington Street was built in 1960. The property's zip code is 60085 which is in Waukegan, IL