Essex Realty Group, Inc. has been exclusively engaged to market for sale, 200 North County Street, a 23-unit mixed-use building in downtown Waukegan. Known as the ‘YMCA Building’ due to the Property’s storied history, 200 North County currently consists of nineteen (19) apartments and four (4) ground-floor commercial spaces. Of the nineteen units, five have been fully remodeled with hardwood and carpet flooring, granite countertops, stainless-steel appliances, and in-unit laundry. The remaining fourteen (14) apartments are fully framed out and ready for completion. The apartment unit mix consists of (18) 1Bd/1Ba units (average SF = 886), and (1) 2Bd/1Ba unit (1,000 SF). The ground-floor commercial spaces feature elegant woodwork, vintage tile flooring and includes a fully operational boxing gym.
200 North County Street provides an investor with the opportunity to add significant value by completing the buildout and leasing units at market rate.
The Subject Property boasts an excellent location in the heart of Lake County, within minutes of several Fortune 500 company headquarters, the Waukegan Marina and Beach, and a host of restaurants and bars. There are multiple bus stops in close proximity as well as the Metra Waukegan station only four blocks away.
The Waukegan YMCA Building: https://www.waukeganil.gov/487/YMCA-Building
The city of Waukegan, IL is the county seat of Lake County, Illinois, and the most populous city within the county. It is located along the shores of Lake Michigan and approximately twenty-six miles north of the city limits of Chicago. It’s neighboring villages include Beach Park, Zion, Gurnee, Park City, and North Chicago.
As the county seat of Lake County, Waukegan is located within minutes of some of the Nation’s largest employers. In fact, as the second largest center of Fortune 500 Companies in the Midwest, there are twelve Fortune 500 headquarters based in the county. In addition, Waukegan residents benefit from close proximity to major developments and installations such as the new American Place Casino slated to open in 2025 and the nearby Great Lakes Naval Station. Waukegan is known for its area beaches and harbors, as well as a host of arts and entertainment. With all these resources within such close proximity, residents can live, work, and play with convenience.
- 23-Unit Mixed-Use Building in Downtown Waukegan
- Over $1MM of Recent Capital Improvements
- Large Units – Average Size 908 SF plus 6,743 SF of Commercial
- Current Buildout: 19 Apartments and 4 Commercial Spaces
- Unique Opportunity to Customize Buildout and Finishes
- Incredible Location - Steps from Lake Michigan, Restaurants & Bars, and Waukegan Metra Station