912 W Greenwood Avenue W Waukegan, IL $ 345,000
912 W Greenwood Avenue W
$ 345,000
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912 W Greenwood Avenue W

Waukegan, IL, 60087
$ 345,000
Baths0.0 Sq 5,000

Monthly Estimate*

$ 2,293

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Studio

Commercial Property for sale in Waukegan, IL

for $345,000. This 5,000 square foot building was built in 1952 on a lot size of 0.07174.

NOW AVAILABLE FOR LEASE OR SALE! Perfect for a contractor, landscaper, office, gym, restaurant, storage or small business. The shop and office is available for just $2,000 to $2,300 per month depending on utility usage! The 3 Apartment's above are leased like clockwork. The building has a total of 4 UNITS with the 3 apartments upstairs and the shop/office below. - 1st time on the market since 1961! This mixed use building has been the home of Wendricks White Plumbing for over 60 years. The main floor consists of 2,400 sq ft of office and shop space. In the rear is a covered parking spot with 212 sq ft of cold storage. The 3 apartments on the second floor total 2,375 sq ft making this 5,000 sq ft building a great investment for an owner user or someone looking to add to their portfolio. The shop & office on main level is now vacant and ready for a new business or an owner user. Previously the Gross Monthly Income was $4,355 / $52,260 Yearly. All the rents are below market so plenty of room to grow the income! Oncer the lower commercial space is leased for $2,000 to $2,300 per month it would bring the gross rent for the year over $60,000. Buyers need to have cash or at least 30% down prior to viewing. please provide proof of funds before calling or scheduling a showing, we get a lot of calls but no one has the backing so please be ready. If financing be sure your lender is qualified and knows the commercial market and that this is a mixed use property, please no time wasters. We do not own the parking lot next door with the old car wash. Thank you!

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Commercial Active

Price

$ 345,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,156

Style

Commercial

Lot Size

0.07174

Year Built

1952

Town/City

Waukegan

County/Region

Lake

MLS | Web ID

11886148

Features
General
Cooling None
Utilities Electric to Site Gas to Site Water-Municipal Water to Site Cable Available
Roof Composition Rubber
Zoning COMMR
Construction Materials Brick
Year Built 1952
Electric Circuit Breakers Separate Meters
Tenant Pays Electricity Heat
Stories 2
Township Waukegan
Property SubType Medical Neighborhood Storefront Restaurant Strip Center
Tax Year 2022
Current Use Commercial
Gross Income 61200
County Lake
Net Operating Income 48316
Insurance Expense 1223
Property Type Commercial Sale Retail/Stores
Status Active
Directions Corner of Greenwood and Jackson
City Waukegan
NumberOfUnitsTotal 4
MLS Area Park City / Waukegan
Lot Size Square Feet 3125
Street Name Greenwood
Tax Annual Amount 5156.36
Electric Expense 1815
Fuel Expense 2469
Trash Expense 1284
Water Sewer Expense 937
Additional Parcels Y/N N
Leasable Area 2612
Days on Market 226
Lease Type Gross
Standard Status Active
Total Actual Rent 2000
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Exterior
Foundation Details Block
Building Area Total 5000
Lot Dimensions 25X125
Exterior Brick
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Wendricks Real Estate

Broker

mike@wendricksrealestate.com

Email

Affordability Calculator

$2,723
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,293
Monthly Property Taxes
$430
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2024$345,000 -4.17% Price Down
9/15/2023$360,000 Listed Price

Map


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912 W Greenwood Avenue W, Waukegan, IL, 60087 is a Commercial Property for sale at $345,000 with 5,000 sqft and a lot size of 0.07174. 912 W Greenwood Avenue W is a studio with 0.0 baths and was built in 1952. The property's zip code is 60087 which is in Waukegan, IL