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    726 10Th St Waukegan, IL 60085

    Under Contract
    For Sale
    $283,975

    Mixed Use - Waukegan, IL

    Type:Mixed Use
    Property size:
    3,840 SF
    Days on Market:
    73
    Last Refresh:
    Dec 11 at 12:06 pm

    Property Features for 726 10Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active Under Contract
    Zoning
    COMMR
    APN
    08283240280000
    Size
    3,840 SF

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1950
    Number of units
    4
    Architectural style
    Other

    RE/MAX Plaza (847) 596-6100 [email protected]

    Listing agent Willie Simpson (847) 596-6100 License #475132200

    Listing date Sep 30, 2025

    MLS# 12474016 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waukegan Mixed-Use Investment Opportunity

    This mixed-use property in Waukegan, Illinois, presents a valuable investment opportunity. The solid brick building features a 1,740-square-foot retail storefront on the first floor, complete with a 2-car attached garage and a full basement. The second floor houses three apartments: one with two bedrooms and two with one bedroom each. These apartments are currently rented on a month-to-month basis, providing immediate income. Situated on a corner lot within a business district, the property benefits from high traffic. The retail storefront, previously operated as a convenience store, is suitable for various businesses, including another convenience store, a take-out restaurant, a personal service business, or an office. The property's total size is 3,840 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lo-Mein Restaurant Imperial Foods Grocery Store LibertyX Bitcoin ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8405551
    Latitude
    42.3415238

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail storefront and apartments in Waukegan.
    Where is this mixed-use property located?
    The property is located at 726 10Th St Waukegan, IL.
    What is the asking price?
    The asking price for this property is $283,975.
    What are key features of this property?
    This property features: - Mixed-use property with retail storefront and residential apartments provides immediate income potential.; - High-traffic corner lot location in a business district offers excellent visibility and customer access.; - The 1,740 sq. ft. retail storefront is suitable for various businesses (convenience store, restaurant, office).
    (847) 596-6100
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    726 10Th St Waukegan, IL 60085
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    Waukegan, IL 60085
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    726 10Th St Waukegan, IL 60085
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