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    708 Greenwood Ave Waukegan, IL 60087

    For Sale
    $350,000

    Spacious church building, ample parking, needs work.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This expansive single-story building, located at 708 W Greenwood Avenue in Waukegan, Illinois, presents a unique investment opportunity. Previously utilized as a church, the property boasts a substantial amount of parking, making it highly accessible. The interior layout includes a sizable kitchen, a baptismal area, a fellowship hall, and two offices. There's also significant undeveloped space readily adaptable into classrooms or additional meeting rooms. The convenient single-level design ensures easy navigation and accessibility for all events and users. It's important to note that the sale is strictly "as is," and the building's contents—including the sound system, chairs, office furniture, and musical equipment—are not included in the sale price of $350,000. The property requires renovations and improvements, offering a buyer the chance to customize the space to their specific needs and vision. The substantial size and versatile layout make this property suitable for a variety of uses, presenting a compelling opportunity for redevelopment or repurposing. The 0-acre lot provides ample space for parking and potential future expansion. Serious inquiries are encouraged.

    Property Features for 708 Greenwood Ave

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1945
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    St John's Baptist ... Church

    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
    -87.83931
    Latitude
    42.38498

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    FAQs

    What type of property is this?
    Specialty property - Spacious church building, ample parking, needs work.
    Where is this specialty property located?
    The property is located at 708 Greenwood Ave Waukegan, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    (847) 912-7274
    Request Owner's contact information
    708 Greenwood Ave Waukegan, IL 60087
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    Waukegan, IL 60087
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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
    708 Greenwood Ave Waukegan, IL 60087
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