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316 N Geneesee Street 304-318, Waukegan, IL, 60085

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$749,000
20 Days On Site

316 N Geneesee Street 304-318
Waukegan, IL 60085

For Sale|Retail|Active
0
Beds
0
Total Baths
8,400
SqFt
$89
/SqFt
1999
Built
County:
Lake
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX SAWA
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(847) 845-6826
316 N Geneesee Street 304-318316 N Geneesee Street 304-318316 N Geneesee Street 304-318316 N Geneesee Street 304-318
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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.

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Listing Snapshot
Price 
$749,000
Days On Site 
20 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,400 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1999
MLS® Number 
12757650
Status 
Active
Property Tax 
$22,702
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoStatus changed to Active
3 weeks agoListing first seen on site
General Features
Property Sub Type 
Retail
SqFt Total 
8400
Zoning 
RTAIL
Interior Features
Cooling 
Central Air
Electric 
Circuit Breakers
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Community Features
MLS Area 
Park City / Waukegan
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX SAWA



Based on information submitted to the MLS GRID as of 2026-10-02 12:44 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-10-02 12:44 PM UTC
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Neighborhood & Commute
Source: Walkscore
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