216 W Madison
Office | 26,875 SqFt
Marketing description
This substantial office property offers a prime opportunity in the heart of Waukegan's downtown district. With its generous square footage and strategic location, the building is well-suited for a variety of professional uses or redevelopment projects.
Property Overview
Building Size: 26,875 SF
Lot Size: ±0.62 Acres
Price: $750,000
Zoning: B-3 Central Business District
Year Built: 1950
Parking: On-site parking available
Occupancy: Vacant – ready for immediate use
Investment highlights
Highlights
Expansive floor plates suitable for single or multi-tenant configurations
Prominent visibility on Madison Street with high foot and vehicle traffic
Proximity to government buildings, courthouses, and public transportation
Potential for redevelopment or adaptive reuse
Located within an Opportunity Zone, offering potential tax incentives
Ideal For
Law firms, medical practices, or corporate offices seeking a central location
Investors interested in repositioning or redeveloping a downtown asset
Non-profit organizations or educational institutions
This property combines size, location, and flexibility, making it a valuable asset in Waukegan's commercial landscape.
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