11 Genesee St Waukegan, IL 60085
This exceptional three-story, 8,120 square foot mixed-use building is located at 11 N. Genesee Street in Waukegan, Illinois, within the B4 Central Business District zoning area. Built in 1930, this well-maintained brick building sits on a 2,738 square foot lot and features a near 100% occupancy rate sustained for the past two decades. The property includes a ground floor restaurant space and multiple residential units on the upper two floors, served by an elevator. Currently housing nine tenants, this multi-tenant property presents a compelling opportunity for both owner-users and investors seeking a high-demand location. The building's long-term success is evidenced by its consistent occupancy and meticulous upkeep. Its central location offers easy access to entertainment, dining, public transportation, and employment centers, ensuring continued high demand for both commercial and residential spaces. This is a rare opportunity to acquire a well-established, high-performing asset in a thriving downtown area. The property's APN is 0821419009. This is the first time this property has been offered for sale in 20 years.
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Tolu volu Restaurant
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Subway Take-out & Catering
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Appraisal Solutions Group Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.