2101 Waukegan RdBannockburn, IL 60015

Property Details for 2101 Waukegan Rd

Year built

1965

Construction

BRICK

Lot size

4.00 AC

Property size (Sq ft)

51,513 SF

Property type

Office properties

Property subtype

Office buildings

APN

16-20-100-038

APU

1620100038

Description

Bannockburn Professional Center offers exceptional Class A office space in a prime location. This three-story building, totaling 44,379 square feet, boasts 15 suites and is conveniently situated off Waukegan Road, just south of Route 22. The property underwent renovations in 2019, ensuring modern amenities and a professional atmosphere. Currently, 6,107 square feet of space is available, with flexible options ranging from a minimum of 1,050 square feet to a maximum contiguous space of 3,930 square feet. The building caters to various tenancy needs, accommodating both traditional office and medical office uses. Its strategic location provides easy access to a wealth of nearby amenities, including ample shopping, dining, and recreational opportunities. Furthermore, its proximity to North Shore Hospital (within 2 miles) adds significant appeal for medical professionals. The building enjoys a strong tenant mix, anchored by the Illinois Bone & Joint Institute, demonstrating its desirability and stability within the market. This is an excellent opportunity to secure high-quality office space in a thriving and well-established professional center.

• CAP approach

  CAP return

  Valuation

  6%

  $9,301,284

  6.5%

  $8,585,800

  7%

  $7,972,529

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,229,764

  Geo Method

  $6,709,568

• Alternative Use

  Use

  Valuation

  Residential

  $10,646,392

  Hospitality

  $9,752,038

  Educational

  $8,113,581

  Medical

  $8,392,620

  Retail

  $12,621,126

Location Insight

City

Bannockburn

County

Lake

State

Illinois

Latitude

42.191

Longitude

-87.8572

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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