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    101 Waukegan Rd Lake Bluff, IL 60044

    Sponsored
    For Lease
    Contact for pricing

    Class B Office, 35,000 SF Sublease

    Lot size:
    93,903 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Lake Bluff, Illinois office property at 101 Waukegan Road offers a substantial 35,000 square feet of sublease space in a Class B building totaling 93,903 square feet. The property is ideally suited for both traditional office and medical office tenants, boasting a fully furnished unit complete with private offices, two conference rooms, and cubicles. A private entrance and prominent signage along Waukegan Road (14,100 vehicles per day) enhance visibility and accessibility. Ample on-site parking is provided at a ratio of 5 spaces per 1,000 square feet. Its strategic location in Lake County offers significant advantages, including proximity to major transportation arteries. The property is within two miles of Interstate 94 and the Lake Bluff Metra station, ensuring convenient commuting options. Furthermore, its location within two miles of Northwestern Medical and Lake Forest Hospital makes it particularly attractive to medical users. This unique opportunity presents a fully furnished, move-in ready space with excellent visibility and convenient access to key amenities and transportation. The building features a single suite and is classified as a multi-tenant property. The property's address is 101 Waukegan Road, Lake Bluff, IL 60044.

    Property Features for 101 Waukegan Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    93,903 SF
    Class
    B

    Unit(s) available at that property

    Space
    Available Space
    Size
    35,000 SF

    HighLights

    • Sublease opportunity: 35,000 SF of fully furnished, move‑in ready office space in Lake Bluff, IL.
    • Excellent medical office location: Within two miles of Lake Forest Hospital and Northwestern Medical.
    • Prime location with easy access: Two miles from I‑94 and the Lake Bluff Metra station.
    • Ample parking: 5 spaces per 1,000 square feet.
    • 24‑hour access.
    • Multiple ADA‑compliant restrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Bluff
    County
    Lake
    State
    Illinois
    Longitude
    -87.8753816
    Latitude
    42.2768618

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    Nearby Similar for Lease

    • $14 SF/Yr
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      Lake Bluff Office Space: 14,990 SF Available

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      Office or flex space with ample parking near I-94.
      29888-29950 Skokie Hwy, Lake Bluff, IL 60044
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    FAQs

    What type of property is this?
    Medical office - Class B Office, 35,000 SF Sublease
    Where is this medical office located?
    The property is located at 101 Waukegan Rd Lake Bluff, IL.
    What are key features of this property?
    This property features: Sublease opportunity: 35,000 SF of fully furnished, move-in ready office space in Lake Bluff, IL.; Excellent medical office location: Within two miles of Lake Forest Hospital and Northwestern Medical.; Prime location with easy access: Two miles from I-94 and the Lake Bluff Metra station.
    Request Owner's contact information
    101 Waukegan Rd Lake Bluff, IL 60044
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    Lake Bluff, IL 60044
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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
    101 Waukegan Rd Lake Bluff, IL 60044
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