Waukegan, IL 60085 228 N GENESEE Street

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Presented By: RE/MAX Plaza
  • MLS# 12391370
  • 07/28/2025
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  • SQFT • 11,760

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SPACIOUS MIXED-USE INVESTMENT OPPORTUNITY ACROSS FROM THE GENESEE THEATRE! Now available for sale-an 11,760 SF mixed-use building in a prime downtown Waukegan location, directly across from the 2,403-seat Genesee Theatre. This high-visibility property features four first-floor retail units, each with direct Genesee Street frontage, individual HVAC, and separate electric service-perfect for restaurants, boutiques, or service-based businesses. The second floor offers six flexible office suites, all served by a central HVAC system and individual electric meters, making it ideal for a variety of professional tenants. Located adjacent to a 700-space public parking garage and within walking distance of the Lake County Building, College of Lake County, City Hall, and Metra station, this property boasts exceptional accessibility and high pedestrian traffic. An excellent opportunity for investors or owner-users looking to leverage the energy and redevelopment of downtown Waukegan!
Presented By: RE/MAX Plaza

General for 228 N GENESEE Street

Additional Parcels Y/NNo
Cap Rate
CityWaukegan
Construction MaterialsConcrete
ContingencyAttorney/Inspection
CoolingCentral Air, Window Unit(s)
CountyLake
Current UseCommercial
DirectionsSOUTH ON GENESEE FROM GRAND
ElectricCircuit Breakers
Gross Income49800
Leasable Area11760
Lease TypeGross
Lot Size Square Feet8120
MLS AreaPark City / Waukegan
ModificationTimestamp2025-08-22T20:41:01.719Z
Net Operating Income49800
Number Of Units Total10
Operating Expense0
Property SubtypeNeighborhood Storefront
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive Under Contract
StatusContingent
Stories Count2
Tax Annual Amount12132.32
Tax Year2024
Tenant PaysAir Conditioning
Total Actual Rent0
TownshipWaukegan
Year Built1940
ZoningCOMMR

Exterior for 228 N GENESEE Street

Building Area Total11760
BuyerOfficeFax(847) 249-0696
Lot Dimensions73 X 112

Additional Details

Price History

Client Care

Price $450,000
MLS#12391370
List Date 07/28/2025
Property Type Contingent
Phone 847.485.2500
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