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2504 Washington Street

Waukegan, IL 60085
  • $2,195,000
  • STATUS: Active
  • ON SITE: 909 Days
  • MLS #: 11493033
UPDATED: 32 min ago
$2,195,000
  • 0
    BEDS
  • 0.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1970
County:
Area:

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. 2504 Washington is a 6-story, class B, multi-tenant office building with 28,796 square feet of 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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© 2025 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 2025-02-11T17:05:48.287 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: $2,195,000
  • Status: Active
  • On Site: 909 Days
  • Updated: 32 min ago
  • MLS #: 11493033
0
Beds
0
Baths
0
½ Baths
0.7
Acres
1970
Built
Neighborhood:
Lake
County:
Lake
Area:
Lake
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. 2504 Washington is a 6-story, class B, multi-tenant office building with 28,796 square feet of 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.
Exterior Features

Outdoor Parking Over 100 Spaces

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 400620 Gross Scheduled Income 400620 Leasable Area 3371 Mls Actual Status Active Net Operating Income 203134 Number Of Tenants 44 Operating Expense 197486 Property Offered For Sale Only Property Sub Type MedicalOffice Tax Annual Amount 52934 Tax Year 2023 Tenant Pays ElectricityVaries by Tenant Township Waukegan Type Office/Tech Zoning OFFIC

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Kinzie Brokerage LLC: 847-383-6778.


© 2025 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 2025-02-11T17:05:48.287 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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