Multi-Tenant Retail Center with
For Sale
Contact for pricing
2662-2674 West Washington Street, Waukegan, IL 60085
Four-unit retail center built in 2007 with 52 parking spaces and triple-net tenants operating on leases through 2019–2020.
Property Size9,176 SF
Days on Market130
Property Features for 2662-2674 West Washington Street
General Information
Standard status
Active
Size
9,176 SF
Total Parking Spaces
52
Property subtype
Retail, Office, Hospitality
Occupancy
47%
Additional Details
Traffic Count
21,400 vehicles/day
Amenities
monument signage
Building Details
Year Built
2007
Tenancy
Multi
Listing Agency:
Frontline Real Estate Partners
(847) 780-8062
Listed By:
Zack Pearlstein · License #IL 475168541
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 9:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Frontline Real Estate Partners
Investment Insights
Based on property information with market context.
2662-2674 West Washington Street is a multi-tenant retail center constructed in 2007 with brown masonry exterior. The property includes four retail units and is currently 47% occupied, with net lease-able area of 9,176 SF. Two units are occupied by Subway and Accelerated Physical Therapy, and both tenants operate under triple-net leases that run through July 2019 (Subway) and February 2020 (Accelerated). The center also includes monument signage along Washington Street and a 52-car parking lot.
Located on Washington Street in Waukegan, the property sits directly across from Lake Behavioral Hospital. Access is supported by proximity to Interstate-94, approximately three miles to the east, and the Waukegan Metra, approximately two miles to the west. Washington Street provides access to over 21,400 VPD, and Pace bus stops are accessible directly on Washington Street. Nearby retailers include CVS/Pharmacy, Dollar Tree, Dunkin Donuts, Bertrand Bowling, JiffyLube, and Metro PCS. The offering presents an opportunity to add value via lease-up.
Located on Washington Street in Waukegan, the property sits directly across from Lake Behavioral Hospital. Access is supported by proximity to Interstate-94, approximately three miles to the east, and the Waukegan Metra, approximately two miles to the west. Washington Street provides access to over 21,400 VPD, and Pace bus stops are accessible directly on Washington Street. Nearby retailers include CVS/Pharmacy, Dollar Tree, Dunkin Donuts, Bertrand Bowling, JiffyLube, and Metro PCS. The offering presents an opportunity to add value via lease-up.
Key Highlights
- Four‑unit multi‑tenant retail center constructed in 2007 with 9,176 SF net lease able area
- Currently 47% occupied, generating approximately $XXXXX NOI with tenants operating triple‑net leases
- Subway and Accelerated Physical Therapy are two existing tenants; leases run through July 2019 and February 2020
Property Analytics
Current Use
Lease Details
21,400 VPD
Traffic count
47%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60085, IL
71,609
Population
26,781
Households
2.7
Avg Household Size
33
Median Age
19%
College-Educated
74%
High-School Grad
14.8 sq mi
ZIP Area
4,838
Density / Sq Mi
$64,330
Median Household Income
$35,645
Median Earnings
$1,133
Median Rent
$164,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Four-unit retail center built in 2007 with 52 parking spaces and triple-net tenants operating on leases through 2019–2020.
Where is this shopping center located?
The property is located at 2662-2674 West Washington Street Waukegan, IL.
What are key features of this property?
This property features: Four‑unit multi‑tenant retail center constructed in 2007 with 9,176 SF net lease able area; Currently 47% occupied, generating approximately $XXXXX NOI with tenants operating triple‑net leases; Subway and Accelerated Physical Therapy are two existing tenants; leases run through July 2019 and February 2020
