742 W Greenwood Ave - Office FOR SALE


Waukegan, IL 60087- Downtown Waukegan
$650,000 USD
630-640-1001
742 W Greenwood Ave, Waukegan, IL for Sale
$650,000 USD
Office - FOR SALE
1/20
null | Request Cap Rate

NEW


742 W Greenwood Ave
Waukegan, IL 60087
Downtown Waukegan


HIGHLIGHTS

  • Corner Location & Visibility
  • Turn-Key for School/Day Care
  • Abundant Parking | 25+ Cars
  • Turn-Key for School, Administrative, Office
  • Enclosed Delivery Garage
  • Large Open Area for Gym, Play Area & Performance Area

OVERVIEW

Positioned on a prominent corner in an established residential neighborhood, this 11,986 SF masonry building offers a highly functional and adaptable layout ideal for a variety of institutional or community-oriented uses, including daycare, educational, or nonprofit occupancy. Originally constructed in 1967 and well-maintained, the property features a combination of private classrooms, administrative offices, and a large open auditorium-style space with stage—providing flexibility for programming, events, or assembly use. The building is equipped with zoned HVAC, multiple restrooms, and life-safety systems, making it well-suited for immediate occupancy or repositioning. The property sits on a 15,000 SF corner lot, complemented by an additional 11,313 SF parking lot directly across the street with capacity for approximately 26 vehicles, offering a rare dual-parcel configuration that enhances functionality and accessibility. A small fenced outdoor area further supports childcare or recreational use. Located within a primarily residential neighborhood with proximity to local arterials and community amenities, the asset benefits from strong accessibility and a built-in user base. This offering presents a compelling opportunity for owner-users, investors, or organizations seeking a welllocated, purpose-built facility with both immediate usability and long-term adaptability.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$54 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Day Care Center, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,313 SF

ZONING

B-2

APN/PARCEL ID

08-09-321-027,08-09-325-025

ASK ABOUT THIS PROPERTY

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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