29380 Waukegan Rd, Waukegan, IL 60085
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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