Address
306 10th Street, Waukegan, IL
Price
$ 350,000
Property Attributes
- MLS#11776163
- TypeContingent
- CountyLAKE
- CityWaukegan
- AreaPark City - Waukegan
- NeighborhoodWaukegan Downtown
- Zip60085
- Style
- Year Built1950
- Taxes$ 13129
- Price$ 350,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size11,080 SqFt
Data Source:
Midwest Real Estate Data (MRED)
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.
| Price History | |
|---|---|
| 5/18/2023 | Listed $350,000 |
General Features
| Additional Parcels Y/N | Yes |
|---|---|
| City | Waukegan |
| Construction Materials | Brick, Other |
| Contingency | Other Contingency |
| Cooling | Window Unit(s) |
| County | Lake |
| Days on Market | 155 |
| Directions | 120 & S. Jackson South to 10th St East to S MLK Jr Ave. Blue building on the left (north). |
| Electric | Other |
| Lot Size Square Feet | 11080 |
| MLS Area | Park City / Waukegan |
| Possession | Closing, Immediate, Negotiable |
| Property SubType | Apts/Stores |
| Property Type | Mixed Use |
| Property Type | Commercial Sale |
| Standard Status | Active Under Contract |
| Status | Contingent |
| Stories | 2 |
| Street Name | 10th |
| Tax Annual Amount | 13129 |
| Tax Year | 2022 |
| Tenant Pays | Electricity |
| Total Units | 5 |
| Township | Waukegan |
| Virtual Tour | https://tour.vht.com/434319730/306-10th-st-waukegan-il-60085/idxs |
| Year Built | 1950 |
| Zoning | WRHSE |
Interior Features
| Street Suffix | Street |
|---|
Exterior Features
| Lot Dimensions | 201 X 55 |
|---|---|
| Total Parking | 10 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 60085
Price
Taxes
Visits
Year Built
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