3000 Washington StWaukegan, IL 60085

Property Details for 3000 Washington St

Year built

1969

Construction

FRAME

Lot size

0.52 AC

Property size (Sq ft)

1,974 SF

Property type

Retail properties

Property subtype

Gas stations

APN

08-19-400-044

APU

819400044

Description

This exceptional commercial land parcel, totaling 22,351 square feet, is strategically located at 3000 Washington Street in Waukegan, Illinois, zip code 60085. The property boasts a highly desirable location with exceptional visibility and accessibility due to its frontage on Washington Street, which experiences a high volume of daily traffic (27,000 vehicles per day), and its proximity to Green Bay Road (24,800 VPD). This prime location ensures significant exposure for any commercial development. The site is designated as a single-tenant property, offering flexibility for a variety of commercial uses. The area is well-established, with nearby retail establishments including CVS and Dunkin' Donuts, indicating a strong existing commercial presence and consumer base. The property's pin numbers are 08-19-400-043 and 08-18-400-044. This presents a rare opportunity to acquire a substantial commercial land parcel in a thriving location with high traffic counts and established retail neighbors. The property is classified as commercial land for single tenancy. This is an ideal location for businesses seeking high visibility and convenient access to a busy thoroughfare.

• CAP approach

  CAP return

  Valuation

  6%

  $523,951

  6.5%

  $483,647

  7%

  $449,101

• Comparable approach

  Method

  Valuation

  Relative Method

  $505,025

  Geo Method

  $647,926

• Alternative Use

  Use

  Valuation

  Residential

  $407,974

  Hospitality

  $373,702

  Educational

  $310,916

  Medical

  $321,609

  Retail

  $483,647

Location Insight

City

Waukegan

County

Lake

State

Illinois

Latitude

42.3599

Longitude

-87.875

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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