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Listed by Anna Linscheidof Keller Williams North Shore West
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Est. payment /mo
Price Dropped by $44K
34 N Genesee ST Waukegan, IL 60085
1,440 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,440 sqft
MLS Listing ID 12622493
Year Built 1955
Annual Tax Amount $3,511
Tax Year 2024
Lot Dimensions 18x80
Property Sub-Type Mixed Use
Property Description
Positioned on N Genesee Street in the heart of Waukegan's thriving Arts & Theater District, this 4,140 SF two-story commercial building is one of the most compelling opportunities to come to market in the downtown corridor - and it is available right now. The first floor arrives nearly turnkey. Currently configured as a fully operational barbershop, the seller is open to including existing equipment in the transaction, giving the right buyer an immediate head start - whether continuing the current use or transitioning to retail, personal services, or any number of compatible businesses. The current tenant will vacate prior to closing, leaving you with a clean slate and a strong foundation. Ascend to the second floor and the possibilities multiply. Presently built out as office space, this upper level is primed for reinvention - a private professional suite, a creative studio for dance or art, an upscale lounge, or even a live-work residence, subject to local zoning. The separation of floors creates a genuine dual-income or dual-use dynamic that is rare at this price point and this location. The address itself is a statement. Steps from the landmark Genesee Theatre, the Lake County Courthouse, and Metra's Union Pacific North Line, this building sits where government, culture, commerce, and transit converge. Waukegan TIF #8 designation opens the door to potential city redevelopment incentives, and SBA financing eligibility means qualified buyers can move forward with a a low downpayment. Whether you are planting your business flag in one of Chicagoland's most dynamic emerging downtowns, or adding a versatile income-producing asset to your portfolio, 34 N Genesee Street deserves your full attention..
Location
State IL
County Lake
Zoning COMMR
Interior
Cooling Central Air
Flooring Parquet
Fireplace N
Exterior
View Y/N true
Roof Type Membrane
Building
Foundation Concrete Perimeter
Structure Type Brick
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