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    311 Genesee St Waukegan, IL 60085

    Sponsored
    For Sale
    $285,000

    Prime Waukegan Office/Retail Space, 3,904 SF

    Property size:
    3,904 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,904 square foot commercial property, located at 311 N. Genesee St in Waukegan, Illinois (zip code 60085), presents a unique investment opportunity. Built in 1960, this single-story, solid brick and block building sits on an 8,052 square foot lot and is zoned B5 Central Service District, allowing for a variety of uses. The asking price is $285,000, translating to $73 per square foot. The property features seven private offices, a conference room, and two spacious open areas, ideal for flexible layouts. Twelve dedicated parking spaces are included, providing ample convenience for employees and clients. A small kitchenette adds to the functionality of the space. This well-maintained building has been owned by the same party for over 25 years and is now being offered for sale for the first time in that period. The property's versatility makes it suitable for office, retail, or a combination of uses, catering to a wide range of potential buyers. The property consists of one unit and is located in Lake County, Illinois. The APN is 0821212037.

    Property Features for 311 Genesee St

    General Information

    Property type
    Office space
    Square Feet
    3,904 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Seven private offices, one conference room, and two large open areas.
    • Twelve dedicated parking spaces.
    • Small kitchenette.
    Property Profile Location Intelligence

    Current Use by Public Records

    Affordable Auto Insurance Commercial Agent Swarztrauber & Co Tax Preparation Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.831263131211
    Latitude
    42.364191106067

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    FAQs

    What type of property is this?
    Office space - Prime Waukegan Office/Retail Space, 3,904 SF
    Where is this office space located?
    The property is located at 311 Genesee St Waukegan, IL.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: Seven private offices, one conference room, and two large open areas.; Twelve dedicated parking spaces.; Small kitchenette.
    Request Owner's contact information
    311 Genesee 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
    311 Genesee St Waukegan, IL 60085
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