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Listing provided courtesy of Baird & WarnerMREDas Distributed by MLSGrid- MLS# 12422363MLS Provider

2864 Washington StreetWaukegan, IL 60085

Commercial · 3,820 Sq. ft.
$625,000 Active

2864 Washington Street Overview

Time on Site:
332 days
Visits:
9

BW/TJG is exclusively engaged to solicit offers for the fee simple interest in the property located at 2864 Washington Street, Waukegan, Illinois, 60085 (the Property). Situated on a 7,250 square-foot lot, the property includes: a 2-bedroom, 2-bathroom home (1,638 sqft), a detached office building (858 sqft), and a detached 2-car garage (360 sqft). This freestanding mixed-use building is strategically positioned at a prime corner location in the North Suburbs of Chicago. It is zoned B2, permitting a limited range of commercial, trade, and personal service businesses, especially along arterial streets near low-density residential areas. The property features air conditioning and forced air in all units (excluding the detached garage), along with a fenced-in front and back yard, and a 2,182 sqft liquor store with parking for approximately 10 cars. This represents an excellent opportunity for both owner-users and investors.

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2864 Washington Street Facts & Features

  • Type Commercial
  • Sq. ft. 3,820
  • Price/Sq.ft. $164

Details

General

Income/Expenses

  • Existing Lease Type: N/A
  • Operating Expense: 0

Business Information

  • Business Type: Food & Beverage,Liquor Store
  • Number Of Full Time Employees: 2
  • Number Of Part Time Employees: 1

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Park City / Waukegan

Tax Information

  • Tax Annual Amount: $10,093.12
  • Tax Year: 2024

General Information

  • Parcel Number: 08194080220000
  • Possible Use: Commercial,Liquor License,Other
  • Property Type: Business Opportunity
  • Zoning: OTHER

Interior

Building Interior

  • Building Area Total: 3820

General Information

  • Cooling: Central Air
  • Electric: Service - 0 to 100 Amps
  • Stories: 1

Unit Information

  • Unit SqFt.: 2000

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street
  • Lot Size Dimensions: 58x125
  • Lot Size Square Feet: 7250

Waterfront/View

  • Waterfront: No

General Information

  • Utilities: Electric to Site,Natural Gas Available

2864 Washington Street Neighborhood

Community

60085 (Waukegan) Demographics

32
Median Age
4,499
Population Density (per sq. mile)
23%
College Educated
$48,435
Estimated Median Income
10,174
Estimated Total Home Owners
13,807
Estimated Total Renters
42% / 58%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2864 Washington Street Monthly Cost

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Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2864 Washington Street Market Data

Based on the last 30 days in this zip code

$270,816
Average List Price
$178
Average Price per Square Foot
22
Properties Sold
39
Average Days on Market
64
Properties for Sale
Calculations provided by Reliance Network

2864 Washington Street History

Date Event Value Agent
4/30/2026Source: MRED Status Change
Active
4/25/2026Source: MRED Price Reduction
$625,000 -3.8%
4/25/2026Source: MRED Status Change
Price Change
4/1/2026Source: MRED Status Change
Active
3/27/2026Source: MRED Price Reduction
$650,000 -7.0%
3/27/2026Source: MRED Status Change
Price Change
8/6/2025Source: MRED Status Change
Active
8/1/2025Source: MRED Added to Database
August 01, 2025