11 Genesee StWaukegan, IL 60085

Property Details for 11 Genesee St

Year built

1930

Property size (Sq ft)

8,120 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional three-story, 8,120 square foot mixed-use building is located at 11 N. Genesee Street in Waukegan, Illinois, within the B4 Central Business District zoning area. Built in 1930, this well-maintained brick building sits on a 2,738 square foot lot and features a near 100% occupancy rate sustained for the past two decades. The property includes a ground floor restaurant space and multiple residential units on the upper two floors, served by an elevator. Currently housing nine tenants, this multi-tenant property presents a compelling opportunity for both owner-users and investors seeking a high-demand location. The building's long-term success is evidenced by its consistent occupancy and meticulous upkeep. Its central location offers easy access to entertainment, dining, public transportation, and employment centers, ensuring continued high demand for both commercial and residential spaces. This is a rare opportunity to acquire a well-established, high-performing asset in a thriving downtown area. The property's APN is 0821419009. This is the first time this property has been offered for sale in 20 years.

Location Insight

City

Waukegan

County

Lake

State

Illinois

Latitude

42.36

Longitude

-87.8314

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