Office Space - For Sale
1702 Washington Street Waukegan, IL 60085
Details & Description
Price: $725,000
  • Property Type Office for Sale
  • Lot Size Acres 0.482
  • Building Sq Ft 10,960
  • Building Price per Sq Ft $66.15
  • Land Sq Ft 21,000
  • Land Price per Sq Ft $34.52
Keller Williams Commercial is pleased to bring a multi-tenant building in Waukegan to market. This building consists of over 11,000 sq ft on 3 levels. 11 tenants occupy 16 out out of 18 units in the building, 1,100 sq ft currently vacant. This professional building is handicap accessible and has 23 parking spaces for customers and tenants. The building does have am elevator that goes to all 3 floors. Building offers some green space to tenants and guests to enjoy. Building is being offered at 12.46% CAP Rate, cash flows over $90K a year. Value add opportunity by lease up vacant space and moving leases over to Base Year and passing real estate cost to tenants. Updates have been done to the building including newer window, HVAC units on roof as well as common area.
Property Highlights
Listing Agents
David Piotrowski
KW Commercial
O: 773-349-4337
M: 847-630-0868
dpiotrowski@kw.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1702 Washington Street

Waukegan, IL 60085

Listing ID: 272143
$725,000
For Sale
  • Property Type Office for Sale
  • Lot Size Acres 0.482
  • Building Sq Ft 10,960
  • Building Price per Sq Ft $66.15
  • Land Sq Ft 21,000
  • Land Price per Sq Ft $34.52
  • 1702 Washington Street Waukegan, IL 60085 | for Sale | Photo 1
  • 1702 Washington Street Waukegan, IL 60085 | for Sale | Photo 2
  • 1702 Washington Street Waukegan, IL 60085 | for Sale | Photo 3
1702 Washington Street | for Sale | Thumbnail 1
1702 Washington Street | for Sale | Thumbnail 2
1702 Washington Street | for Sale | Thumbnail 3
Property Highlights
 12.46 CAP Building
 Ample Parking
 1 Mile from Downtown Waukegan
Description

Keller Williams Commercial is pleased to bring a multi-tenant building in Waukegan to market. This building consists of over 11,000 sq ft on 3 levels. 11 tenants occupy 16 out out of 18 units in the building, 1,100 sq ft currently vacant. This professional building is handicap accessible and has 23 parking spaces for customers and tenants. The building does have am elevator that goes to all 3 floors. Building offers some green space to tenants and guests to enjoy. Building is being offered at 12.46% CAP Rate, cash flows over $90K a year. Value add opportunity by lease up vacant space and moving leases over to Base Year and passing real estate cost to tenants. Updates have been done to the building including newer window, HVAC units on roof as well as common area.

Attachments & Files
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Chicago History of Office Space for Sale

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Waukegan Area Market Trends

Listing Demographics for 1702 Washington Street Waukegan, IL 60085

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population24,914108,561169,489
Population Median Age333333
Population by Age0-9 Yrs4128 (16%)16044 (14%)22341 (13%)
10-19 Yrs4329 (17%)18276 (16%)29828 (17%)
20-29 Yrs3785 (15%)20025 (18%)35861 (21%)
30-39 Yrs3457 (13%)13978 (12%)20934 (12%)
40-49 Yrs3280 (13%)13753 (12%)19441 (11%)
50-59 Yrs2483 (9%)11676 (10%)17981 (10%)
60-69 Yrs2040 (8%)8592 (7%)13647 (8%)
70+ Yrs1411 (5%)6218 (5%)9457 (5%)
Median HH Income$44,268$45,494$54,296
Total Household Income< 24K1897 (24%)8789 (25%)11157 (21%)
25-49K2573 (33%)9780 (28%)12955 (24%)
50-74K1362 (17%)6417 (18%)10007 (19%)
75-99K781 (10%)3736 (10%)6084 (11%)
100-199K1064 (13%)5048 (14%)9432 (18%)
200K+57 (0%)569 (1%)2185 (4%)
Highest Education LevelNo Diploma51171683019548
Diploma or GED52412112328800
Some College22491213420411
Assoc. Degree75937886120
Bachelors Degree1016605513559
Higher Degree25726727481
Total Housing Units8,30337,63456,104
--Owner-Occupied3,49415,44125,784
--Renter-Occupied4,24018,89926,037
Owner-Occupied Values< 100K156955386917
100-199K1709755711589
200-299K12816734016
300-399K144071564
400-499K043521
500K+732231177
Total Working Age Population18,05282,672133,358
In Work Force12,78357,95397,095
Not In Work Force5,26924,71936,263
Workforce Employed11,60649,00974,994
Workforce Unemployed1,1364,6685,840
Civlian Workforce12,74253,67780,834
Military Workforce404,27616,261
Total Households7,73434,33951,821
Family Households5,38223,30835,061
Non-Family Households2,35211,03116,760
Married Couple3,55414,16123,293
Other Family1,8289,14711,768
Married w/Child1,9397,26611,373
Single Male w/Child3361,2961,700
Single Female w/Child8444,2095,370

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Illinois12,419,293+312,830,632+1214,316,487+615,138,849
Lake County644,356+9703,462+17820,250+6873,024

Total Working Age Population:

Total Households:

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Chicago O'Hare International Airport (ORD) 26
Chicago Midway International Airport (MDW) 40
General Mitchell International Airport (MKE) 41
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