2504 Washington St - Medical FOR SALE


Waukegan, IL 60085- Downtown Waukegan
$1,998,000 USD
872-204-3703
2504 Washington St, Waukegan, IL for Sale
$1,998,000 USD
Medical - FOR SALE
1/3
null | 10.17% Cap Rate

2504 Washington St
Waukegan, IL 60085
Downtown Waukegan


HIGHLIGHTS

  • Close proximity to Lake Behavioral Hospital
  • High visibility with easy access to major roads and highways
  • 131 parking spaces
  • Historic high occupancy

OVERVIEW

Washington Tower Professional Building, located at 2504 Washington Street, is a high-occupancy, office building located in Waukegan, IL. With its close proximity to Lake Behavioral Hospital this property attracts a wide variety of tenants including medical and is currently 97.40% leased with a current NOI of $203,134. 2504 Washington is a 6-story, class B, multi-tenant office building with 28,796 square feet of net rentable space. The property was built in 1970 and includes approximately 44 office suites. This building can be purchased on its own or as part of a 2-building portfolio. The other property is 49-51 Sherwood Terrace in Lake Bluff, IL.

FOR SALE DETAILS

PRICE

$1,998,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

10.17%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

131

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

B, Waukegan

APN/PARCEL ID

08-20-300-003

ASK ABOUT THIS PROPERTY

Steven MaherKinzie Brokerage LLCMore Info
872-204-3703

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Steven MaherKinzie Brokerage LLCMore Info
872-204-3703

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