$325,000
$350,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
306 10th ST Waukegan, IL 60085
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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Bought with Rita Mayfield • RE/MAX Showcase