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    216 Madison St Waukegan, IL 60085

    • Office Properties & Spaces
    • 26,875 SF
    For Sale
    View listing
    $750,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Franks William Y / Attorney
    • Commercial Lending Waukegan IL / Finance Broker

    Property Details for 216 Madison St

    Property size
    26,875 SF
    Property type
    Office Properties & Spaces

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8322
    Latitude
    42.3609

    Comparable in this City

    • Value Estimation by Request

      128 Genesee St

      Office space
      128 Genesee St, Waukegan, IL 60085
      View Details
    • Value Estimation by Request

      29380 Waukegan Rd

      Medical offices
      29380 Waukegan Rd, Waukegan, IL 60085
      View Details
    • Value Estimation by Request
      320,000 SF

      2103 Belvidere Rd

      Restaurants • 320,000 SF
      2103 Belvidere Rd, Waukegan, IL 60085
      View Details
    • Value Estimation by Request

      216 Madison St

      Office Properties & Spaces
      216 Madison St, Waukegan, IL 60085
      View Details
    • Value Estimation by Request

      416 Washington St

      Office Properties & Spaces
      416 Washington St, Waukegan, IL 60085
      View Details
    • Value Estimation by Request
      9,900 SF

      13 Genesee St

      OFFICE BUILDING • 9,900 SF
      13 Genesee St, Waukegan, IL 60085-4309
      View Details

    Similar Nearby for Sale

    • $688,500
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      Park City Medical Office Building

      Profitable Medical Office in IL
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      Downtown Waukegan Office Building

      Vacant, 26,875 SF Office Space
      216 Madison St, Waukegan, IL 60085
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    • $349,900
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      Downtown Waukegan Office Building

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      Waukegan Office Building Investment

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    • Contact for pricing

      Prime Medical Office Space in Green Oaks, IL

      15,000 SF Vacant Medical Office Building
      29380 Waukegan Rd, Waukegan, IL 60085
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    • $285,000
      3,904 SF

      Waukegan Office Building For Sale

      Prime Waukegan Office/Retail Space, 3,904 SF
      311 Genesee St, Waukegan, IL 60085
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      22,500 SF

      Waukegan Office Space for Lease

      Prime Waukegan office space, flexible layouts.
      1725 Lewis Ave, Waukegan, IL 60085
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    • $12 SF/Yr
      320,000 SF

      Belvidere Mall Medical Office Space

      Waukegan, IL medical office suites available
      2103 Belvidere Rd, Waukegan, IL 60085
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    • $18 SF/Yr

      Waukegan Office Space For Lease

      Office space for rent in Waukegan, ready for new tenants.
      335 S Green Bay Rd, Waukegan, IL 60085
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    • $13 SF/Yr

      Premium Office Space in Waukegan

      Premium office space in downtown Waukegan, across from the courthouse.
      415 Washington St, Waukegan, IL 60085
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    • $9 SF/Yr

      Downtown Office Space For Rent

      Office space near lake and county complex in downtown Waukegan.
      239 N Genesee St, Waukegan, IL 60085
      View Details
    • $15 SF/Yr

      Corner Building with Available Units

      Two 1500 SF units available, one with past medical use.
      1020 W Glen Flora Ave, Waukegan, IL 60085
      View Details
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    216 Madison St
    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
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