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Five-Unit Office Building
For Sale
$1,100,000

1400 Sunset Avenue, Waukegan, IL 60087

The fully occupied, single-story property includes an attached garage, basement, and dedicated on-site parking.

Property Size11,784 SF
Lot Size0.57 Acres
Price / SF$93.35
Days on Market262

Property Features for 1400 Sunset Avenue

General Information

Standard status Active
Size 11,784 SF
Total Parking Spaces 34
Lot size 0.57 Acres
Property subtype Commercial
Occupancy 100%

Additional Details

Office Units 5
Tenant in Place Yes
Property Use Office

Taxes and HOA fees

Annual Taxes $14,991

Amenities

unfinished basement
signage exposure

Building Details

Building Size 11,784 SF
Year Built 1960
Buildings 1
Stories 1
Units 5
Construction brick and concrete block
Listing Agency: Real Broker, LLC
Listed By: Robb Satten · License #475101369
Source: Fishmangroup
Added: Feb 5 Changed: Oct 24 Last Checked: Oct 23 at 4:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC

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Investment Insights

Based on property information with market context.

This 10,839-square-foot office building contains five units and was built in 1960. The single-story structure is constructed of brick and concrete block, with a 945-square-foot attached garage and an unfinished basement. The property is fully occupied and includes 34 on-site parking spaces.

Located at 1400 Sunset Avenue in Waukegan, Illinois, the building sits on a 24,732-square-foot lot.

Key Highlights

  • 10,839 SF office building with five units
  • 100% occupancy
  • Single‑story brick and concrete block construction; built in 1960

Property Analytics

Contact the owner directly Get the owner's phone numbers and email
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Current Use

Kaiser North Shore ... Insurance Agency Tax Solutions Financial Advisor Wheel Power Transportation ... Trucking Company Paul W Kaiser ... Insurance Agency Fast Tax Solutions Accounting Firm

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply HVAC Service Parking Lot & Garage Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Office units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

406
Businesses Nearby

Demographics for 60087, IL

28,207
Population
10,047
Households
2.8
Avg Household Size
36
Median Age
18%
College-Educated
77%
High-School Grad
13.0 sq mi
ZIP Area
2,170
Density / Sq Mi
$79,162
Median Household Income
$38,929
Median Earnings
$1,294
Median Rent
$185,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - The fully occupied, single-story property includes an attached garage, basement, and dedicated on-site parking.
Where is this office building located?
The property is located at 1400 Sunset Avenue Waukegan, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 10,839 SF office building with five units; 100% occupancy; Single‑story brick and concrete block construction; built in 1960
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