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    Property profile & analytics

    2101 Waukegan Rd Bannockburn, IL 60015

    • Office buildings
    • 51,513 SF
    • 4.00 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Value Estimation
    $2,515,000
    Location Intelligence
    Property ID
    US28-2295711
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Arthur E. Kroft, MD / Orthopedic Surgeon
    • FCm Travel Solutions - Bannockburn / Travel Agency / Business Management Consultant
    • Cruisin Comfortably Numb / Band / Cruise Line Company
    • North Shore Medical Associates: Osher Gerald J MD / Internist
    • Brent Nathan, MD / Internist

    Property Details for 2101 Waukegan Rd

    Year built
    1965
    Construction
    BRICK
    Lot size
    4.00 lot acres
    Property size
    51,513 SF
    Property type
    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.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bannockburn
    County
    Lake
    State
    Illinois
    Longitude
    -87.8572
    Latitude
    42.191
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $98,982
    $261,589
    $1,447,973
    $1,709,562
    -
    $784,845
    $4,344,353
    $5,129,198

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    Bannockburn, IL 60015
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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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