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.
| MLS # | 12560270 |
|---|---|
| Listing Type | For Sale |
| Style | Office/tech |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 234 |
| Listing Provided By | Real Broker, LLC | Robb Satten |
| SQ Feet | 11,784 |
|---|---|
| Story(s) | 1 |
| Units | 5 |
| Acreage | 24732.00 |
| Cooling | Central Air, Central Individual |
|---|
| Roof | Membrane |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick, Concrete, Block |
| Electric | Service - 0 to 100 Amps |
|---|
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 14991.81 |
| State | IL |
|---|---|
| County | Lake |
| City | Waukegan |
| Zip Code | 60087 |
| Area | Park City | Waukegan |
| Listing VS Median (in 60087) | |
Price: $1,100,000 low | high Med: $277,900 sqft: 11,784 low | high Med: 1,288 $ / sqft: $93 low | high Med: $216 On site: 234 low | high Med: 81 | |
| State | IL |
|---|---|
| County | Lake |
| City | Waukegan |
| Zip Code | 60087 |
| Area | Park City | Waukegan |
| Listing VS Median (in 60087) | |
Price: $1,100,000 low | high Med: $277,900 sqft: 11,784 low | high Med: 1,288 $ / sqft: $93 low | high Med: $216 On site: 234 low | high Med: 81 | |