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    Property profile & analytics

    101 Waukegan Rd Lake Bluff, IL 60044

    • Turn key restaurants
    • 3,446 SF
    • 0.67 lot acres
    For Lease
    View listing
    Value Estimation
    $360,000
    Location Intelligence
    Property ID
    US28-1514817
    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

    • Turn key restaurants

    Property Details for 101 Waukegan Rd

    Year built
    1994
    Construction
    BRICK
    Lot size
    0.67 lot acres
    Property size
    3,446 SF
    Property type
    Turn key restaurants
    APN
    12-19-108-010
    APU
    1219108010

    Description

    This exceptional Lake Bluff, Illinois office property at 101 Waukegan Road offers a substantial 35,000 square feet of sublease space in a Class B building totaling 93,903 square feet. The property is ideally suited for both traditional office and medical office tenants, boasting a fully furnished unit complete with private offices, two conference rooms, and cubicles. A private entrance and prominent signage along Waukegan Road (14,100 vehicles per day) enhance visibility and accessibility. Ample on-site parking is provided at a ratio of 5 spaces per 1,000 square feet. Its strategic location in Lake County offers significant advantages, including proximity to major transportation arteries. The property is within two miles of Interstate 94 and the Lake Bluff Metra station, ensuring convenient commuting options. Furthermore, its location within two miles of Northwestern Medical and Lake Forest Hospital makes it particularly attractive to medical users. This unique opportunity presents a fully furnished, move-in ready space with excellent visibility and convenient access to key amenities and transportation. The building features a single suite and is classified as a multi-tenant property. The property's address is 101 Waukegan Road, Lake Bluff, IL 60044.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $415,000
      6.5%
      $375,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $440,000
      Geo Method
      $360,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $420,000
      Retail
      $430,000
      Mixed-Use
      $380,000
      Hospitality
      $410,000
      Educational
      $335,000
      Residential Income
      $335,000
      Energy
      $360,000
      Income-Based Land
      $455,000
      Food Service
      $335,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake Bluff
    County
    Lake
    State
    Illinois
    Longitude
    -87.8797
    Latitude
    42.282
    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
    $14,209
    $189,974
    $7,255
    $197,229
    -
    $569,979
    $21,767
    $591,746

    Comparable in this City

    • Value Estimation
      $385,000
      2,277 SF

      4 Waukegan Rd

      RESTAURANT • 2,277 SF
      4 Waukegan Rd, Lake Bluff, IL 60044-1668
      View Details
    • Value Estimation
      $320,000
      1,984 SF

      715 Rockland Rd

      RESTAURANT • 1,984 SF
      715 Rockland Rd, Lake Bluff, IL 60044-2216
      View Details
    • Value Estimation by Request
      4,903 SF

      30417 Skokie Hwy

      RESTAURANT • 4,903 SF
      30417 Skokie Hwy, Lake Bluff, IL 60044
      View Details
    • Value Estimation
      $320,000
      3,500 SF

      515 Rockland Rd

      RESTAURANT • 3,500 SF
      515 Rockland Rd, Lake Bluff, IL 60044-1724
      View Details
    • Value Estimation by Request
      2,092 SF

      203 Waukegan Rd

      RESTAURANT • 2,092 SF
      203 Waukegan Rd, Lake Bluff, IL 60044-1671
      View Details
    • Value Estimation
      $350,000
      2,261 SF

      707 Rockland Rd

      RESTAURANT • 2,261 SF
      707 Rockland Rd, Lake Bluff, IL 60044-2216
      View Details

    Similar Nearby for Sale

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      Lake Bluff Redevelopment Opportunity

      Prime Lake County commercial land, vacant office building.
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      2.75 Acres

      Lake Bluff Redevelopment Site

      2.75-acre prime commercial/residential land
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      45,018 SF

      Multi-Tenant Office Building For Sale

      45,018 SF multi-tenant office building in Lake Bluff, Illinois.
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    Similar Nearby for Lease

    • Contact for pricing
      93,903 SF

      Lake Bluff Office Space Available

      Class B Office, 35,000 SF Sublease
      101 Waukegan Rd, Lake Bluff, IL 60044
      View Details
    • Contact for pricing
      67,879 SF

      Lake Bluff Warehouse Space Available

      Warehouse space with ample parking, near I-94.
      29870 Skokie Hwy, Lake Bluff, IL 60044
      View Details
    • $14 SF/Yr
      52,000 SF

      Lake Bluff Office Space: 14,990 SF Available

      Prime Lake Bluff location, modern office suites, flexible lease terms.
      0 Skokie Hwy, Lake Bluff, IL 60044
      View Details
    • Contact for pricing
      43,560 SF

      Truck Parking or Outside Storage Yard

      Distribution properties
      123 Skokie Hwy, Lake Bluff, IL 60044
      View Details
    • Contact for pricing
      6,289 SF

      Flex Space Near I-94

      Office or flex space with ample parking near I-94.
      29888-29950 Skokie Hwy, Lake Bluff, IL 60044
      View Details
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    Lake Bluff, IL 60044
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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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