325 Washington Street, Waukegan, IL 60085 | 11493101 | Berkshire Hathaway HomeServices Chicago

325 Washington Street $995,000


    325 Washington Street Waukegan, IL 60085

    • 5,382 sq. ft.
    • 0.42 Acres
    • Commercial
    • MLS# 11493101
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    Views: 28 Days On Site: 176

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    Property Details

    Executive Tower, located at 325 Washington Street, offer investors an excellent opportunity to own a cash flowing office building in the heart of downtown Waukegan, IL. With close proximity to the Lake County Courthouse, this building offers its tenants easy access to the seat of Lake County's government as well as many popular downtown destinations including a variety of dining, shopping and entertainment options. 325 Washington is a 4-story, oval shaped multi-tenant office building with a net rentable area of 20,567 square feet. The property includes 52 parking spaces (20 surface & 32 in an attached underground parking structure) and is currently 93.56% leased (includes a 12-month master lease of 4,059 sf by Seller through 12/31/2023). This building can be purchased as part of a 4-building portfolio. The other properties are: 33 N. County St., Waukegan; 2504 Washington St., Waukegan; and 49 Sherwood Terrace, Lake Bluff.

    • General Features
      • Additional Parcels Y/N No
      • Area Park City / Waukegan
      • County Or Parish Lake
      • Gross Income 266222
      • Gross Scheduled Income 266222
      • Leasable Area 5382
      • Net Operating Income 143139
      • Number Of Units Total 13
      • Operating Expense 123082
      • Property Sub Type Office
      • Tax Annual Amount 37063
      • Tax Year 2021
      • Township Waukegan
      • Year Built 1974
      • Zoning OFFIC
    • Building Features
      • Building Area Total 20567
      • Construction Materials Concrete
      • Cooling Chillers
      • Electric Over 600 Amps
      • Stories 4
    • Property Features
      • Lot Size Acres 0.42
      • Lot Size Dimensions 130.1 X 138.1 X 131.2 X 138.1
      • Lot Size Square Feet 18200
      • Parcel Number 08214240010000
      • Parking Total 52



    60085 (Waukegan) Demographics

    32 Median Age
    4,499 Population Density (per sq. mile)
    23% College Educated
    $48,435 Estimated Median Income
    10,174 Estimated Total Home Owners
    13,807 Estimated Total Renters
    42% / 58% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    71,265 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $177,500 Median Sales Price
    16 Homes Sold
    27 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $995,000
        12/18/2022 12:17:37 AM Status Changed Source: Multiple Listing Service New Value: Active
        12/12/2022 11:47:20 AM Status Changed Source: Multiple Listing Service New Value: Re-activated
        10/18/2022 10:17:22 AM Status Changed Source: Multiple Listing Service New Value: Contingent
        8/22/2022 12:17:55 AM Status Changed Source: Multiple Listing Service New Value: Active
        8/16/2022 1:48:00 PM New in Database Source: Multiple Listing Service New Value: $995,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.