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

12564611

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 Office
Tax Year 2024
Gross Income 181008
County Lake
Net Operating Income 101508
Operating Expense 79500
Property Type Commercial Sale Office/Tech
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