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    29380 Waukegan Rd Waukegan, IL 60085

    For Sale
    Contact for pricing

    15,000 SF Vacant Medical Office Building

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 15,000 square foot Class A medical office building, located at 29380 N Waukegan Rd in Green Oaks, IL (zip code 60085), is a vacant, single-story structure built in 2018. The property is situated on a prominent corner lot with a stoplight, offering excellent visibility. It features a modern design with abundant natural light from expansive glass panels and a striking two-story atrium. The building is zoned for commercial use and is currently divisible into units of at least 4,800 square feet, with potential for larger spaces. An existing drive-through QSR space is also available. This property is part of a larger development including a 200-unit senior living facility and future plans for additional office buildings totaling over 75,000 square feet. Its location near Abbott Laboratories and less than a mile from I-94 provides convenient access for employees and clients. The asking rental rate is $20.00 per square foot per year, or $1.67 per square foot per month. This presents a unique opportunity for a single tenant or multiple tenants seeking a modern, high-visibility space in a growing area. The property offers exceptional flexibility and significant potential for future growth within a thriving community.

    Property Features for 29380 Waukegan Rd

    General Information

    Property type
    Medical offices
    Class
    A

    Building Details

    Year Built
    2018
    Buildings
    1
    Stories
    1

    HighLights

    • Rental Rate: $20.00 per square foot, annually.
    • Minimum Divisible Space: 4,800 square feet.
    • Property Type: Retail.
    • Property Subtype: Freestanding building.
    • Gross Leasable Area: 15,000 square feet.
    • Year Built: 2017.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8647961
    Latitude
    42.3641878

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    FAQs

    What type of property is this?
    Medical office - 15,000 SF Vacant Medical Office Building
    Where is this medical office located?
    The property is located at 29380 Waukegan Rd Waukegan, IL.
    What are key features of this property?
    This property features: Rental Rate: $20.00 per square foot, annually.; Minimum Divisible Space: 4,800 square feet.; Property Type: Retail.
    Request Owner's contact information
    29380 Waukegan Rd Waukegan, IL 60085
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29380 Waukegan Rd Waukegan, IL 60085
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