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Mixed-Use Building with Apartments

803 Washington Street, Waukegan, IL 60085

For Sale
New
$315,000

Ground-level retail space is paired with two rented residential units upstairs.

Property SizeContact for details
Days on Market4

Property Features for 803 Washington Street

General Information

Standard status Active
Property subtype Commercial

Site & Location

Corner Location Yes
Mixed-Use Components retail, residential

Units

Unit Mix 1 x 1BR, 1 x studio
Multifamily Units 2

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $3,589

Amenities

Central air
Central Air Cooling

Building Details

Year Built 1950
Buildings 1
Stories 2
Listing Agency: FREEDOM REALTY
Listed By: TOMAS GOMEZ
Source: Corcoran
Added: Nov 6 Changed: Nov 8 Last Checked: Nov 8 at 5:33PM

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 FREEDOM REALTY

Rey
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Investment Insights

Based on property information with market context.

Built in 1950, this mixed-use property has a 2,976-square-foot storefront on the ground floor and two residential units on the second floor. The retail space was previously used as a hair salon. Upstairs, the unit mix consists of a one-bedroom apartment and a studio; both are currently rented.

The property occupies a corner lot at 803 Washington Street in Waukegan, Illinois.

Key Highlights

  • 2,976‑square‑foot ground‑floor retail storefront
  • Two second‑floor residential units: one‑bedroom apartment and studio; both currently rented
  • Retail storefront was formerly used as a hair salon

Property Analytics

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Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Dental Office Acupuncture Skin Care Clinic (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,250
Businesses Nearby
28k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 81% Dining 19%
BP Shops & Services
10,849 visits/mo 0.5 miles
Family Dollar Shops & Services
8,372 visits/mo 0.2 miles
Dunkin' Donuts Dining
5,303 visits/mo 0.3 miles
Shell Shops & Services
3,390 visits/mo 0.4 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Mixed-use properties in Lake County, IL

$93.58 Jul
$131 Aug
$98.52 Sep
$74.92 Oct

Properties on Market for Mixed-use properties in Lake County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-level retail space is paired with two rented residential units upstairs.
Where is this mixed-use property located?
The property is located at 803 Washington Street Waukegan, IL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 2,976‑square‑foot ground‑floor retail storefront; Two second‑floor residential units: one‑bedroom apartment and studio; both currently rented; Retail storefront was formerly used as a hair salon
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