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$650,000 -$49,000 (-7.01%) Price Reduced
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Property Description
Exclusively engaged to solicit offers to purchase the fee simple interest of the subject property located at 2864 Washington Street, Waukegan, Illinois, 60085 (the "Property"). The property is situated on a 7,250 square-foot lot. It is comprised of a 2,182 sqft liquor store with parking for approximately 10 cars, a 2-bedroom/2-bathroom home (1,638 sqft), a detached office building (858 sqft), and a detached 2-car garage (360 sqft). The subject property is described as a freestanding mixed-use building situated on a prime corner location in the North Suburbs of Chicago. It is zoned B2, which allows a limited range of commercial, trade, and personal service businesses along arterial streets primarily in proximity to low-density residential areas. Features AC and forced air in all units (except detached garage) as well as a fenced-in front and back yard. An excellent opportunity for an owner-user or investor.
Full Property Details
Full Property Details for 2864 Washington St
General
- Price: $650,000
- Taxes: $10,093 (2024)
- Status: Active
- Type: Business
- Source: MRED
- MLS ID: 12422363
- Updated: 3/27/2026
- Added to Site: 242 day(s) ago
Business
- Business Type: Food & Beverage, Liquor Store
- Years in Business: 11 or More
Location
- Area: Park City / Waukegan
- County: Lake
- Driving Directions: Green Bay Road and Washington Street
- Location Details: Corner, Mixed-Use Area, Public Transport Avail, Freestanding/Urban, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Onsite: Electricity to Site, Natural Gas Available
Structural Information
- Stories/Levels: 1
- Square Feet: 3,820
Lot Features
- Lot Size (Sq. Ft.): 7,250
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 58 x 125
- Frontage: City Street
- Potential Use: Commercial, Liquor License, Other
- Zoning: OTHER
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $10,093.1
- Tax Year: 2024
Disclosures and Reports
- Ownership: Individual
- Property ID: 8194080220000
Listed by Baird & Warner
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Schools
Schools serving 2864 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 | 1.3 mi |
Robert E Abbott Middle School 1319 Washington Street, Waukegan, IL 60085 | 6-8 | 1.3 mi |
Waukegan High School 1011 Washington Street, Waukegan, IL 60085 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2864 Washington St
Date
Details
Price
Change
Source
3/27/2026
Price Reduced
$650,000
-7.01%
MLS
8/01/2025
Listed
$699,000
—
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 2864 Washington St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$786
17%
$7,562
5%
2023
$673
-5%
$7,230
5%
2022
$712
-1%
$6,886
1%
2021
$721
-1%
$6,826
7%
2020
$725
—
$6,359
9%
2019
$728
-5%
$5,827
1%
2018
$765
5%
$5,746
13%
2017
$731
7%
$5,084
15%
2016
$685
2%
$4,418
12%
2015
$670
-1%
$3,954
—
2014
$680
—
$3,954
-1%
2013
$680
-14%
$4,004
-19%
2012
$793
—
$4,945
—
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 2864 Washington St
2864 Washington Street, Waukegan, IL 60085 (MLS# 12422363) is a Business property. 2864 Washington Street is currently listed for $650,000 and was received on August 01, 2025. Want to learn more about 2864 Washington Street? Do you have questions about finding other Business real estate for sale in Waukegan? You can browse all Waukegan real estate or contact a Coldwell Banker agent to request more information.

