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$1,600,000
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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.
Full Property Details
Full Property Details for 2504 Washington St
General
- Sold For: $1,600,000
- Taxes: $52,934 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 11493033
- Added to Site: 1, 250 day(s) ago
Additional Information
- Security/Safety: Sprinklers (Wet)
Location
- Area: Park City / Waukegan
- County: Lake
- Driving Directions: Green Bay Rd. to Washington St. then East to Property.
- Location Details: North Suburban
Heating & Cooling
- Cooling Type: Chillers
- Heating Type: Hot Water
Structural Information
- Stories/Levels: 6
- Square Feet: 46,753
- Current Bldg. Use: Medical/Dental
- Year Built: 1970
- Built Before 1978: Yes
Unit Information
- # Tenants: 44
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Acres): 0.7
- Lot Size (Sq. Ft.): 30,492
- Lot Dimensions: 120 x 255.9 x 120 x 253.8
- Zoning: OFFIC
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $197,486
- Security Deposit: Sprinklers-Wet
- Assessment Year: 1970
- Tax Amount: $52,934
- Tax Year: 2023
- Tenant Pays: Electricity, Varies by Tenant
Disclosures and Reports
- Property ID: 8203000030000
Listed by Kinzie Brokerage LLC
Sold by Non Member
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Schools
Schools serving 2504 Washington St
School District:Waukegan Community Unit School District 60
| Name | Grades | Distance |
|---|---|---|
Whittier Elementary School, Waukegan, IL 901 North Lewis Avenue, Waukegan, IL 60085 | K-5 | 1.1 mi |
Robert E Abbott Middle School 1319 Washington Street, Waukegan, IL 60085 | 6-8 | 0.9 mi |
Waukegan High School 1011 Washington Street, Waukegan, IL 60085 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2504 Washington St
Date
Details
Price
Change
Source
8/14/2025
Sold
$1,600,000
-15.12%
MLS
5/28/2025
Price Reduced
$1,885,000
-5.66%
MLS
4/07/2025
Price Reduced
$1,998,000
-8.97%
MLS
12/13/2024
Price Reduced
$2,195,000
-15.41%
MLS
6/19/2024
Price Reduced
$2,595,000
-5.64%
MLS
11/15/2023
Price Reduced
$2,750,000
-6.78%
MLS
5/12/2023
Price Reduced
$2,950,000
-7.38%
MLS
8/16/2022
Listed
$3,185,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2504 Washington Street, Waukegan, IL 60085 (MLS# 11493033) is a Commercial property that was sold at $1,600,000 on August 14, 2025. Want to learn more about 2504 Washington Street? Do you have questions about finding other Commercial real estate for sale in Waukegan? You can browse all Waukegan real estate or contact a Coldwell Banker agent to request more information.

