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    214 W Washington St Waukegan, IL 60085

    For Sale
    Contact for pricing

    Large parcel with two buildings near municipal offices and transit.

    Property size:
    37,687 SF

    Property Features for 214 W Washington St

    General Information

    Size
    37,687 SF

    Source: Steve Madura Agent Steve Madura

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waukegan Redevelopment Parcel in CBD

    This large redevelopment parcel is located in Waukegan's CBD. The property includes two buildings with a total area of over 37,000 square feet. It is situated adjacent to new municipal offices and multi-family residential buildings. The location provides easy access to Sheridan Road, the Waukegan Metra Station, and Lake Michigan. Surrounding businesses and landmarks include the Genesee Theatre, Lake County Offices, Waukegan Metra Station, and Waukegan Harbor & Marina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waukegan Main Street Non-Profit Organization Old National Bank ... Atm

    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
    -87.8321324
    Latitude
    42.3602508

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    FAQs

    What type of property is this?
    Commercial land - Large parcel with two buildings near municipal offices and transit.
    Where is this commercial land located?
    The property is located at 214 W Washington St Waukegan, IL.
    What are key features of this property?
    This property features: - Large redevelopment parcel in Waukegan's CBD; - Features two buildings comprising 37,000+ SF; - Adjacent to new municipal offices and multi-family residential buildings
    (847) 504-2478
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    214 W Washington St 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
    214 W Washington St Waukegan, IL 60085
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