$1,500,000
$995,000
50.8%For more information regarding the value of a property, please contact us for a free consultation.
20,567 SqFt
SOLD DATE : 10/27/2023
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Office/Tech
Listing Status Sold
Purchase Type For Sale
Square Footage 20,567 sqft
Price per Sqft $72
MLS Listing ID 11493101
Sold Date 10/27/23
Year Built 1974
Annual Tax Amount $37,063
Tax Year 2021
Lot Size 0.420 Acres
Lot Dimensions 130.1 X 138.1 X 131.2 X 138.1
Property Sub-Type Office/Tech
Property Description
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.
Location
State IL
County Lake
Area Park City / Waukegan
Zoning OFFIC
Interior
Cooling Chillers
Fireplace N
Building
Level or Stories 4
Structure Type Concrete
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Bought with Sam Yingling • New Century Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "