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Listing provided courtesy of Real Broker, LLCMREDas Distributed by MLSGrid- MLS# 12560270MLS Provider

Waukegan, IL 60087

Commercial · 11,784 Sq. ft.
$1,100,000 Active

Overview

Time on Site:
144 days
Visits:
0

We are pleased to present our new exclusive listing at 1400 Sunset Road, Waukegan, Illinois. This offering provides an opportunity to acquire a stabilized, HUNDRED prct occupied office property supported by long-term tenancy and durable construction. The asset delivers immediate, dependable cash flow with minimal near-term rollover risk, making it well-suited for passive investors and 1031 exchange buyers. The property consists of a one-story, 10,839 SF office building with 5 units constructed of brick and concrete block, offering low maintenance requirements and long-term ownership stability. Additional features include a four-car attached garage (945 SF), an unfinished basement, 34 on-site parking spaces, and excellent signage exposure on a 24,732 SF lot. The asset is providing investors with both income security and long-term return potential.

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Facts & Features

  • Type Commercial
  • Sq. ft. 11,784
  • Price/Sq.ft. $93

Details

General

Income/Expenses

  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1960

Business Information

  • Current Use: Commercial,Office,Medical/Dental

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Park City / Waukegan

Rent/Lease Information

  • Tenant Pays: Electricity

Tax Information

  • Tax Annual Amount: $14,991.00
  • Tax Year: 2024

General Information

  • Parcel Number: 08084040010000
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 11784

General Information

  • Cooling: Central Air, Central Individual
  • Electric: Service - 0 to 100 Amps
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 0
  • Stories: 1

Unit Information

  • Unit SqFt.: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 24732
  • Lot Size Square Feet: 24732

Building Exterior/Construction

  • Construction Materials: Brick, Concrete, Block
  • Roof: Membrane

General Information

  • Number Of Units Total: 5

Neighborhood

Community

60087 (Waukegan) Demographics

35
Median Age
1,776
Population Density (per sq. mile)
27%
College Educated
$64,452
Estimated Median Income
5,714
Estimated Total Home Owners
3,139
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Market Data

Based on the last 30 days in this zip code

$283,757
Average List Price
$187
Average Price per Square Foot
14
Properties Sold
32
Average Days on Market
29
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
4/8/2026Source: MRED Status Change
Active
4/3/2026Source: MRED Price Reduction
$1,100,000 -18.5%
4/3/2026Source: MRED Status Change
Price Change
2/10/2026Source: MRED Status Change
Active
2/5/2026Source: MRED Added to Database
February 05, 2026