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16 N West Street

Waukegan, IL 60085
  • $425,000
  • STATUS: Active
  • ON SITE: 86 Days
  • MLS #: 11731313
UPDATED: 48 min ago
$425,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Ratings & Info

Description

Exceptional property located steps from the Lake County Courthouse and over 4,000 SF of office space. This one is perfect for law professionals with 5 current tenants. There are 7 offices plus a common conference room and kitchen. The property includes a Sun Deck and parking in rear and three private entrances. Additional parking available next door in City Lot for 25 vehicles. The building is nicely done with newer finishes and hardwood, the mechanicals are recent. Current Leases are $3800.00. Assessments successfully appealed for substantial reduction in taxes. Roof in 2017, Driveway 2016.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-09T11:00:51.527 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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16 N West Street Waukegan, IL 60085

  • Price: $425,000
  • Status: Active
  • On Site: 86 Days
  • Updated: 48 min ago
  • MLS #: 11731313
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1940
Built
Neighborhood:
Park City / Waukegan
County:
Lake
Area:
Park City / Waukegan
Property Description
Exceptional property located steps from the Lake County Courthouse and over 4,000 SF of office space. This one is perfect for law professionals with 5 current tenants. There are 7 offices plus a common conference room and kitchen. The property includes a Sun Deck and parking in rear and three private entrances. Additional parking available next door in City Lot for 25 vehicles. The building is nicely done with newer finishes and hardwood, the mechanicals are recent. Current Leases are $3800.00. Assessments successfully appealed for substantial reduction in taxes. Roof in 2017, Driveway 2016.
Exterior Features

Docks None Foundation Details BlockConcrete Perimeter Frontage Type City StreetPublic RoadOther Outdoor Parking 19-30 SpacesAssigned SpacesCommon ParkingCoveredFencedLightedPavedPrivate LotParking-Street Parking Total 25 Roof CompositionRubberTar And Gravel Roof Structure FlatGable Water Drainage Drain TilesFloor DrainsStorm Sewers

Interior Features

Cooling Central AirExhaust Fan Flooring CarpetTileVinylWood Heat Ventilation Central Bldg HeatCentral Heat/Indiv ControlsForced AirGas Miscellaneous Inside Common Lunchroom/SCommon Meeting Room/SMulti-TenantPrivate Restroom/SBasementPre-Wired Pc Network Number Of TLDocks 0

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 4300 Built Before1978 YN Yes Current Use CommercialOffice Electric Circuit BreakersService - 201 To 600 Amps Fire Protection Fire Extinguisher/S Geographic Locale North Suburban Gross Income 45600 Gross Scheduled Income 45600 Leasable Area 0 Location Central Business DistrictMixed Use AreaPublic Transport Avail Mls Actual Status Active Net Operating Income 35600 Number Of Tenants 5 Operating Expense 22180 Ownership Types Limited Partnership Possible Use Commercial Property Offered For Sale Only Property Sub Type Office Tax Annual Amount 12180 Tax Year 2021 Tenant Pays Varies By Tenant Total Monthly Income 3800 Township Waukegan Type Office/Tech Utilities Electric To SiteGas To SiteSanitary SewerWater-MunicipalWater To Site Zoning Commr

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Baird & Warner: 847-367-1855.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-09T11:00:51.527 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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