Waukegan, IL 60085,306 10th ST
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Waukegan, IL 60085,306 10th ST
Waukegan, IL 60085,306 10th ST
Waukegan, IL 60085,306 10th ST
Waukegan, IL 60085,306 10th ST

$325,000

Est. payment /mo

$350,000

7.1%
Est.Price: ?

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306 10th ST Waukegan, IL 60085

SOLD DATE : 01/05/2024

Key Details

Sold Price $325,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11776163

Year Built 1950

Annual Tax Amount $13,129

Tax Year 2022

Property Sub-Type Mixed Use

Property Description

Attention investors and/or small business owners looking to expand!! Incredible and unique income-generating opportunity!! Large five-unit structure with excellent exposure right off of Sheridan Road, which includes a huge 11,000+ sq. ft. warehouse w/oversized front and rear overhead doors, two storefronts with separate entrances, two 2nd floor apartments with private entrance, multiple offices, bathrooms, and an extra lot to the West of the building (should be buildable). Wait! There's more! TWO additional lots in the rear of the building that are currently parking lots, could also be buildable. Please use due diligence by inquiring with the city of Waukegan Building & Zoning, and you might find yourself a huge income-generating opportunity! B2 and R3 zoning allows for so much! Located in Waukegan's South Lakefront Tax Increment Financing (TIF) District #9, allowing for potential financial redevelopment advantages (inquire with the city for more details). The two apartments offer a studio unit and a 2-bedroom unit, with a separate entrance off the side of the building. Truly incredible opportunity, and has to be seen in person! Buy all as a package and sell off the 3 lots? Rent out the two residences and two storefronts and utilize the warehouse space while generating rental income? Rent out all five units? Did we mention the 30-40 ft. ceilings in the warehouse? The basement storage area under the warehouse? Look for the plat map/diagram and zoning under additional information. Don't miss this opportunity, as an investor, speculator, small business owner, landlord, etc...great potential!! Owner may be flexible with leaving some amazing belongings/machinery in the warehouse, too! Seller might be open to selling the vacant lots and building separately. Contact LAG for further discussion.

Location

State IL

County Lake

Area Park City / Waukegan

Zoning WRHSE

Interior

Cooling Window Unit(s)

Building

Structure Type Brick,Other

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Midwest Real Estate Data (MRED) IDX
Listed by Kelly Anderson • Baird & Warner
Bought with Rita Mayfield • RE/MAX Showcase
agent

Pat Smarto

Managing Broker / Owner | License ID: 471.000052,

+1(847) 338-3848

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