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306 10th Street, Waukegan, IL 60085
$325,000
306 10th Street, Waukegan, IL 60085View this property at 306 10th Street, Waukegan, IL 60085
306 10th StreetWaukeganIL60085
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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.
Full Property Details
Full Property Details for 306 10th St
General
- Sold For: $325,000
- Taxes: $13,129 (2022)
- Status: Closed
- Type: Store
- MLS ID: 11776163
- Added to Site: 364 day(s) ago
Additional Information
- Security/Safety: Alarm on Site
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: Park City / Waukegan
- County: Lake
- Driving Directions: 120 & S. Jackson South to 10th St East to S MLK Jr Ave. Blue building on the left (north).
- Location Details: North Suburban
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Forced Air
Structural Information
- Construction: Brick, Other
- Stories/Levels: 2
- # of Stores: 2
- Year Built: 1950
- Built Before 1978: Yes
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Sq. Ft.): 11,080
- Lot Dimensions: 201 x 55
- Zoning: WRHSE
Financial Considerations
- Security Deposit: Alarm On Site
- Assessment Year: 1950
- Tax Amount: $13,129
- Tax Year: 2022
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 8284190240000
Listed by Baird & Warner
Sold by RE/MAX Showcase
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Schools
Schools serving 306 10th St
School District:Waukegan Community Unit School District 60
Rating | Name | Grades | Distance |
---|---|---|---|
520 Helmholz Ave, Waukegan, IL 60085 | K-5 | 0.5 mi | |
600 S Lewis Ave, Waukegan, IL 60085 | 6-8 | 1.2 mi | |
Waukegan High School Washington Campus
1011 Washington St, Waukegan, IL 60085 | 9-12 | 1.2 mi | |
2325 Brookside Ave, Waukegan, IL 60085 | 9-12 | 2.1 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 306 10th St
Date
Details
Price
Change
Source
1/05/2024
Sold
$325,000
-7.14%
MLS
5/18/2023
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
306 10th Street, Waukegan, IL 60085 (MLS# 11776163) is a Store property that was sold at $325,000 on January 05, 2024. Want to learn more about 306 10th Street? Do you have questions about finding other Store real estate for sale in Waukegan? You can browse all Waukegan real estate or contact a Coldwell Banker agent to request more information.