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2504 Washington Street, Waukegan, IL 60085
$2,750,000
2504 Washington Street, Waukegan, IL 60085View this property at 2504 Washington Street, Waukegan, IL 60085
2504 Washington StreetWaukeganIL60085
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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. The Building is 98.34% leased and has a current NOI of $227,250. 2504 Washington is a 6-story, class B, multi-tenant office building with 29,637 square feet of net 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.
Full Property Details
Full Property Details for 2504 Washington St
General
- Price: $2,750,000
- Taxes: $38,119 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 11493033
- Updated: 11/21/2023
- Added to Site: 634 day(s) ago
Additional Information
- Security/Safety: Sprinklers (Wet)
Location
- Area: Park City / Waukegan
- County: Lake
- Township: Waukegan
- 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
- 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: $188,053
- Security Deposit: Sprinklers-Wet
- Assessment Year: 1970
- Tax Amount: $38,119
- Tax Year: 2022
- Tenant Pays: Electricity, Varies by Tenant
Disclosures and Reports
- Property ID: 8203000030000
Listed by Kinzie Brokerage LLC
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Schools
Schools serving 2504 Washington St
School District:Waukegan Community Unit School District 60
Rating | Name | Grades | Distance |
---|---|---|---|
901 N Lewis Ave, Waukegan, IL 60085 | K-5 | 1 mi | |
1319 Washington St, Waukegan, IL 60085 | 6-8 | 0.9 mi | |
2325 Brookside Ave, Waukegan, IL 60085 | 9-12 | 0.3 mi | |
Waukegan High School Washington Campus
1011 Washington St, Waukegan, IL 60085 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
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
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.
Tax History
Tax History for 2504 Washington St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$35,455
-1%
$343,068
1%
2021
$35,914
-1%
$340,076
7%
2020
$36,144
—
$316,821
-21%
2019
$36,144
-11%
$400,886
14%
2018
$40,596
-9%
$350,809
-3%
2017
$44,794
-8%
$362,390
—
2016
$48,663
-11%
$363,222
12%
2015
$54,915
-1%
$325,089
—
2014
$55,737
—
$325,089
-1%
2013
$55,696
-9%
$329,204
-14%
2012
$61,356
—
$383,961
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2504 Washington St
2504 Washington Street, Waukegan, IL 60085 (MLS# 11493033) is a Commercial property. 2504 Washington Street is currently listed for $2,750,000 and was received on August 16, 2022. 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.