311 Genesee St, Waukegan, IL 60085-4205
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.
-
Affordable Auto Insurance Marketing & Advertising
-
Swarztrauber & Co Tax Preparation
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.