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Property profile & analytics
OFF-MARKET
Commercial real estate

11 Genesee St Waukegan, IL 60085

8,120 SF Built 1930
Property ID
US28-5316071
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1930
Total area 8,120 SF
APN 0821419009
UPID US28-5316071
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tolu volu Restaurant
  • Subway Take-out & Catering
  • Appraisal Solutions Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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