Property Overview

Interra Realty has been exclusively engaged to market 10 N. Sheridan Road, a 12-story mixed-use residential and retail building located in downtown Waukegan at the corner of Sheridan Road and Washington Street. The property is across from the Metra Station, Pace Bus and Waukegan Harbor & Marina.

The subject investment property offers investors an irreplaceable real estate asset with in-place cash flow and a significant value-add opportunity through the build out of thirty-three (33) apartments. There is ample space for the addition of several building amenities, such as a fitness room, recreation room, bike storage, package room and management office. This property has the potential to be one of Waukegan's most unique and desirable apartment communities.

Highlights

  • 12-Story Mixed-Use High Rise Elevator Building
  • Unobstructed Views of Lake Michigan
  • Significant Value-Add Opportunity
  • High-End Units, Individual Furnaces & Laundry
  • Seller Currently Owns 68 of 70 Units

Key Details

Asking Price
$4,700,000
Number of Units
70
Building Size
52,507 SF
Year Built
1928