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2504 Washington Street

Waukegan, IL 60085
  • $2,750,000
  • STATUS: Active
  • ON SITE: 612 Days
  • MLS #: 11493033
$2,750,000
  • 0
    BEDS
  • 0.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1970
County:

School Ratings & Info

Description

Washington Tower Professional Building, located at 2504 Washington Street, offers investors and excellent opportunity to own a high-occupancy office building in Waukegan, IL. With its close proximity to Lake Behavioral Hospital this property attracts medical office users along with a wide variety of service providers. The Building is 98.34% leased and has a current NOI of $227,250. 2504 Washington is a 6-story, class B, multi-tenant office building with 29,637 square feet of net rentable area. The property was built in 1970 and includes 44 office suites. This building can be purchased on its own or as part of a 2-building portfolio. The other property is 49 Sherwood Terrace located in Lake Bluff, IL.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2024-04-19T21:09:10.56 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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2504 Washington Street Waukegan, IL 60085

  • Price: $2,750,000
  • Status: Active
  • On Site: 612 Days
  • MLS #: 11493033
0
Beds
0
Baths
0
½ Baths
0.7
Acres
1970
Built
Neighborhood:
Park City / Waukegan
County:
Lake
Area:
Park City / Waukegan
Property Description
Washington Tower Professional Building, located at 2504 Washington Street, offers investors and excellent opportunity to own a high-occupancy office building in Waukegan, IL. With its close proximity to Lake Behavioral Hospital this property attracts medical office users along with a wide variety of service providers. The Building is 98.34% leased and has a current NOI of $227,250. 2504 Washington is a 6-story, class B, multi-tenant office building with 29,637 square feet of net rentable area. The property was built in 1970 and includes 44 office suites. This building can be purchased on its own or as part of a 2-building portfolio. The other property is 49 Sherwood Terrace located in Lake Bluff, IL.
Interior Features

Cooling Chillers Heat Ventilation Hot Water Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 46753 Built Before1978 YN Yes Electric Over 600 Amps Fire Protection Sprinklers-Wet Geographic Locale North Suburban Gross Income 415303 Gross Scheduled Income 415303 Leasable Area 3371 Mls Actual Status Active Net Operating Income 227250 Number Of Tenants 44 Operating Expense 188053 Property Offered For Sale Only Tax Annual Amount 38119 Tax Year 2022 Tenant Pays ElectricityVaries by Tenant Township Waukegan Type Office/Tech Zoning OFFIC

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Kinzie Brokerage LLC: 847-383-6778.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2024-04-19T21:09:10.56 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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