306 10th Street, Waukegan, IL
$ 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
Year Built 1950
Zoning WRHSE

Interior Features

Street Suffix Street

Exterior Features

Lot Dimensions 201 X 55
Total Parking 10


  • 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

AVG $280K
AVG $6,476
AVG 141
Data Provided by Inside Real Estate®
Year Built
AVG 1948
AVG 57
Data Provided by Walkscore® not using MLS data