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    600 Washington St Waukegan, IL 60085

    Sponsored
    For Sale
    $100,000

    Prime Waukegan location, 860 sq ft, B2 zoning.

    Property size:
    860 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional commercial property, situated at 600 Washington Street in Waukegan, Illinois, presents a compelling investment opportunity. The building encompasses 860 square feet of usable space, ideally suited for a variety of commercial ventures. Its strategic location on a busy Waukegan street ensures high visibility and accessibility for potential customers. The property sits on a 0.03-acre lot, offering ample space for potential expansion or outdoor activities, depending on permitted uses. The property is zoned B2, providing flexibility for a range of commercial uses, subject to city approvals. This zoning designation opens doors to diverse business opportunities, making it an attractive proposition for entrepreneurs and investors alike. The property's convenient location and versatile zoning make it an excellent choice for businesses seeking a prominent presence in a thriving Waukegan commercial district. The asking price of $100,000 represents a significant value proposition in the current market. Showings are easy to arrange, allowing for a prompt and efficient assessment of the property's suitability for your business needs. Don't miss this chance to acquire a prime commercial space in a dynamic and growing area.

    Property Features for 600 Washington St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    860 SF
    Lot Size
    1,307 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Bilingual Business Center ... Court Reporter

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -87.83879
    Latitude
    42.35976

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Waukegan location, 860 sq ft, B2 zoning.
    Where is this commercial real estate located?
    The property is located at 600 Washington St Waukegan, IL.
    What is the asking price?
    The asking price for this property is $100,000.
    (847) 356-7080
    Request Owner's contact information
    600 Washington 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
    600 Washington St Waukegan, IL 60085
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