312-860-4043
2421-2425 Washington St, Waukegan, IL for Rent

$14.00 USD /SF/yr

Office/Retail - For Rent
1/5
1,000 SF | 1 Space

NEW


2421-2425 Washington St
Waukegan, IL 60085


HIGHLIGHTS

  • 11-unit mixed-use property with residential apartments and ground-floor commercial space.
  • Zoned B-3, allowing for mixed-use commercial and residential occupancy.
  • Located along Washington Street, a primary commercial corridor in Waukegan with strong visibility.
  • Value-add potential through residential rent growth and commercial lease optimization.

OVERVIEW

2421–2425 Washington Street is an 11-unit mixed-use multifamily property located along the Washington Street corridor in Waukegan, Illinois. The three-story, low-rise building contains a mix of residential apartment units and ground-floor commercial space, offering diversified income potential within a single asset. The property totals approximately 9,100–12,320 square feet and is situated on a 0.46-acre lot. The residential component includes a variety of unit types, while the commercial spaces are positioned at street level along a well-traveled corridor, supporting visibility and accessibility. Zoned B-3, the property is located within an established urban area with proximity to retail, public transportation, and major employers throughout Lake County. The asset has historically been marketed as fully occupied and positioned as a value-add investment opportunity with rental upside based on in-place rents

RENTAL DETAILS

SPACE AVAILABLE

1,000 SF

# OF SPACES

1

RENT/MONTH

$1,167 USD /mo

RENT RATE (MO)

$1.17 USD /SF/mo

RENT RATE (YR)

$14.00 USD /SF/yr

LEASE TYPE

Full Service Gross

LEASE LENGTH

Negotiable

AVAILABLE

Now

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

12,320 SF

YEAR BUILT

1924

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.48209 AC

LAND SF

21,000.015 SF

ZONING

B-3

ASK ABOUT THIS PROPERTY

Paul ProanoPaul Proano Properties and BusinessesMore Info
312-860-4043

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Paul ProanoPaul Proano Properties and BusinessesMore Info
312-860-4043

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.