Waukegan, IL 60085,325 Washington ST
Waukegan, IL 60085,325 Washington ST
Waukegan, IL 60085,325 Washington ST
Waukegan, IL 60085,325 Washington ST
Waukegan, IL 60085,325 Washington ST
Waukegan, IL 60085,325 Washington ST
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$1,500,000

$995,000

50.8%
Est.Price: ?

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Est. payment /mo

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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Midwest Real Estate Data (MRED) IDX
Listed by Steven Maher • Kinzie Brokerage LLC
Bought with Sam Yingling • New Century Real Estate
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