Office Space
1702 Washington Street Waukegan, IL 60085
Details & Description
Price: $725,000
    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
    • 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
    Building Size: 10,960 SF
    Lot Size: 0.482 AC
    Land Size: 21,000 SF
    Building $/SF: $66.15
    Land $/SF: $34.52
    Price
    $725,000
    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.

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    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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    Total Working Age Population:

    Total Households:

    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.

    Common Questions and Answers

    What is the asking price for 1702 Washington Street in Waukegan?
    The asking price for 1702 Washington Street is $725,000
    What is the building size of this Office property in Waukegan, IL?
    The size of the building/unit at 1702 Washington Street in Waukegan is 10,960 square feet
    How much land does the Waukegan, IL property at 1702 Washington Street include?
    1702 Washington Street in Waukegan includes 0.482 acres of land
    What is the population within 1 mile of 1702 Washington Street in Waukegan?
    The population within 1 mile of 1702 Washington Street Waukegan, IL 60085 is 24,914 people.
    Who do I contact for questions about 1702 Washington Street?
    You should contact the listing agent, David Piotrowski, for any details regarding this commercial listing.

    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
    Price
    $725,000
    Listing Agent
    More listings from David Piotrowski
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