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    Property profile & analytics

    311 Genesee St Waukegan, IL 60085

    • Office buildings
    • 3,904 SF
    • 0.18 lot acres
    For Sale
    View listing
    $285,000
    Value Estimation
    Last Sale
    May 21, 2025
    $255,000
    Location Intelligence
    Property ID
    US28-2104555
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Affordable Auto Insurance / Commercial Agent
    • Swarztrauber & Co / Tax Preparation Service

    Property Details for 311 Genesee St

    Year built
    1960
    Construction
    BRICK
    Lot size
    0.18 lot acres
    Property size
    3,904 SF
    Property type
    Office buildings
    APN
    08-21-212-037
    APU
    821212037

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $355,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $385,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $355,000
      Retail
      $420,000
      Mixed-Use
      $385,000
      Hospitality
      $375,000
      Educational
      $445,000
      Residential Income
      $405,000
      Energy
      $435,000
      Income-Based Land
      $355,000
      Food Service
      $425,000

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8309
    Latitude
    42.3642
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,049
    $20,186
    $49,044
    $69,230
    -
    $60,564
    $147,147
    $207,711

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      View Details

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    Similar Nearby for Lease

    • $9 SF/Yr

      Downtown Office Space For Rent

      Office space near lake and county complex in downtown Waukegan.
      239 N Genesee St, Waukegan, IL 60085
      View Details
    • $13 SF/Yr

      Premium Office Space in Waukegan

      Premium office space in downtown Waukegan, across from the courthouse.
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      Prime Waukegan office space, flexible layouts.
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    • $12 SF/Yr

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    311 Genesee 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
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