Property profile

29380 Waukegan Rd Waukegan, IL 60085

OFF-MARKET
Retail properties & Spaces
Built 2018
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 2018

Cap rate & NOI

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

Location

29380 Waukegan Rd Waukegan, IL 60085
Waukegan metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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