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    25 County St Waukegan, IL 60085

    For Sale
    $349,900

    Prime location, 10,000+ SF, multiple tenants.

    Property size:
    10,034 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    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 Features for 25 County St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    10,034 SF
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Law Offices of Randie ... Law Firm Saalfeld Harold M ... Social Security Attorney Noonan, Perillo & Thut Law Firm Global Security Group Security Guard Service Dreifuss Law Legal Services

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.83241
    Latitude
    42.36052

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 10,000+ SF, multiple tenants.
    Where is this office property / space located?
    The property is located at 25 County St Waukegan, IL.
    What is the asking price?
    The asking price for this property is $349,900.
    (773) 698-6648
    Request Owner's contact information
    25 County 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
    25 County St Waukegan, IL 60085
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