34 N Genesee St, Waukegan, IL 60085 For Sale

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 down payment. 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..