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2424 Washington Street Waukegan, IL 60085 Commercial - Retail Active

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  • 2424 Washington Street , Waukegan, IL 60085 Main Photo

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Description

Opportunity Knocks! The availability of this 32,305 sf building on 2.16 acres, with 5 road cuts, located at a stoplight hard corner with approximately 31,000 vehicles per day offers a wonderful circumstance for an owner/user or investor! Substantial demographics within a 3 mile radius include a population approaching 110,000 with an average household income in excess of $90,000 per year. The median age of this site's population in this set is 33.8, 5.3 years below the national median age of 39.1. With a going in capitalization rate of 7.52, and approximately 6000 sf of vacant available space, the upside potential of this investment is terrific!

Property Highlights

Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1960
Lot Size: 2.16 acres

General Information

County: Lake
Listed By:
Callahan Blandings & Schaper 847-249-0660
MRED MLS
$1,350,000
Est. $9,011/mo
New to the Market Active
SQUARE FEET32,305 MLS#12564582
STATUSActive PROPERTY TYPECommercial - Retail

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2424 Washington Street , Waukegan, IL 60085.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,350,000$1,350,000$1,350,000
Down Payment $47,250$0$270,000
Monthly Mortgage Amount $8,162$8,491$6,738
Taxes $1879$1879$1879
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $810$0$0
Monthly Estimated Total $11,245$10,764$9,011

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