The subject property is an eight-unit neighborhood retail center constructed in 1999, offering a diverse and stable tenant mix. Current tenants include China Garden restaurant, a tax service office, a staffing agency, two hair salons, and a retail shop(bakery). The property currently has one vacancy, which the owner is using for storage. All tenants are responsible for their own utilities, providing an efficient and low-maintenance expense structure for ownership. The center features a 21-space parking lot, offering convenient access for both tenants and customers. This property presents a compelling value-add opportunity, as all but one tenant is on year-by-year leases at below-market rental rates, allowing for future income growth through lease renewals and repositioning. Strategically located near the Lake County Courthouse and Sheriff’s Office, and steps to Genesee Theatre and Metra. office buildings. The property benefits from strong daytime traffic and excellent accessibility, making it a highly convenient destination for both employees and residents.
Property Details
Price:
$749,000
MLS #:
MRD12757650
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
parkcitywaukegan
Listed Date:
Sep 11, 2026
Total Sq Ft:
8,400
Year Built:
1999
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Stories
1
Financial
HOA Fee Frequency
Not Applicable
Tax Year
2025
Taxes
$22,702
Map
Community
- Address316 N Geneesee Street #304-318 Waukegan IL
- CityWaukegan
- CountyLake
- Zip Code60085
Market Summary
Current real estate data for Commercial in Waukegan as of Oct 09, 2026
25
Commercial Listed
211
Avg DOM
$860,347
Avg List Price
Property Summary
- 316 N Geneesee Street #304-318 Waukegan IL is a Commercial for sale in Waukegan, IL, 60085. It is listed for $749,000
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Copyright 2026. All rights reserved.
316 N Geneesee Street #304-318
Waukegan, IL


