Property summary
This exceptional 10,034 square foot, two-story office building is situated in the vibrant heart of Downtown Waukegan, Illinois, directly across from the Lake County Courthouse. The property boasts a highly desirable location offering excellent visibility and accessibility. Currently occupied by multiple tenants on month-to-month leases, this presents a unique opportunity for an investor or owner-occupier. The existing tenants are amenable to longer-term leases, or the entire building could be easily adapted for a single large tenant. Recent upgrades enhance the property's appeal, including a completely renovated lobby and common hallways, creating a professional and inviting atmosphere. Built of concrete, the building features a convenient elevator for easy access to both floors. Significant recent investments include a new boiler and roof, minimizing future maintenance concerns. On-site parking is provided for eleven vehicles in a rear lot, supplemented by ample street parking on North County Street. The versatile floor plan makes this property suitable for a wide range of uses, including law firms, city or county offices, educational institutions, financial services companies, and many other professional businesses. The 0.21-acre lot provides ample space for the building and parking. This is a rare opportunity to acquire a well-maintained, centrally located office building in a thriving downtown area.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Law Firm
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Law Firm
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Security Service
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Law Firm
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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