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Property profile

25 County St Waukegan, IL 60085

OFF-MARKET
Office buildings
Property ID
US28-2551443
View Sample
13,500 SF 0.21 ac lot Built 1960
Entity Owned ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 10,034 square foot, two-story office building is situated in the vibrant heart of Downtown Waukegan, Illinois, directly across from the Lake County Courthouse. The property boasts a highly desirable location offering excellent visibility and accessibility. Currently occupied by multiple tenants on month-to-month leases, this presents a unique opportunity for an investor or owner-occupier. The existing tenants are amenable to longer-term leases, or the entire building could be easily adapted for a single large tenant. Recent upgrades enhance the property's appeal, including a completely renovated lobby and common hallways, creating a professional and inviting atmosphere. Built of concrete, the building features a convenient elevator for easy access to both floors. Significant recent investments include a new boiler and roof, minimizing future maintenance concerns. On-site parking is provided for eleven vehicles in a rear lot, supplemented by ample street parking on North County Street. The versatile floor plan makes this property suitable for a wide range of uses, including law firms, city or county offices, educational institutions, financial services companies, and many other professional businesses. The 0.21-acre lot provides ample space for the building and parking. This is a rare opportunity to acquire a well-maintained, centrally located office building in a thriving downtown area.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Construction BRICK
Total area 13,500 SF
Lot 0.21 ac (9,086 SF)
APN 08-21-418-034
UPID US28-2551443

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Law Firm
  • Security Service
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
$584k
Blend (final) Blend
$555k

Owner & transaction history

since 2026
3 recorded transactions
2026
$330,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $850,000 +1.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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