Contact for pricing 2,000 SF available

1400 Sunset Ave, Waukegan, IL 60087
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Located at 1400 Sunset Road in Waukegan, Illinois, the property is a stabilized, multi-unit office building historically operated with long-term occupancy. The building consists of five office units within a one-story structure of approximately 10,839 square feet, constructed of brick and concrete block. Site improvements include a four-car attached garage of approximately 945 square feet, an unfinished basement, and approximately 34 on-site parking spaces. The property sits on an approximately…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?

$15k

Tax billed · 2023

Assessed value$159k

Assessed land$43k

Assessed improvement$116k

Effective rate9.34%

Value estimate

· Oct 2026

$580k

$522k – $638k

AI approach$600k

Submarket $/SF estimate$517k

NOI build-up

Gross scheduled income$49k

Vacancy & credit loss−$12k

Operating expenses−$9k

NOI · 145,142.11% cap applied$28k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$62/SF

Submarket average, outlier-cleaned · 41 recorded sales of this use type

Observed band · Q1–Q3$37 – $86

Cap rate analysis

How does the asset earn?

145,142.11%

$28k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?

Best fit: Realty agency

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Realty agency18.4

Law Firm17.6

Building Supply11.9

1400 Sunset Ave Waukegan, IL 60087

County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 15 properties nearby

Address Sale price Sold Size

609 Greenwood, Waukegan, IL 60087-5000 $350,000 Sep 2024 6,996 SF

1105 Greenwood, Waukegan, IL 60087-4908 $245,000 Sep 2024 3,400 SF

2161 Northwestern, Waukegan, IL 60087-4144 $1,425,000 Dec 2023 7,857 SF

37164 Grn Bay, Beach Park, IL 60087-3304 $220,000 Aug 2020 2,904 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$815,000

10,858 SF

1300 Golf Rd

OFFICE BUILDING

1300 Golf Rd, Waukegan, IL 60087-4831

View Details
Value Estimation
$325,000

8,984 SF

820 Greenwood Ave

OFFICE BUILDING

820 Greenwood Ave, Waukegan, IL 60087-5034

View Details
Value Estimation
$985,000

13,231 SF

2800 Northwestern Ave

OFFICE BUILDING

2800 Northwestern Ave, Waukegan, IL 60087-5333

View Details
Value Estimation
$350,000

7,950 SF

1101 Greenwood Ave

OFFICE BUILDING

1101 Greenwood Ave, Waukegan, IL 60087-4908

View Details
Value Estimation
$1,440,000

7,857 SF

2161 Northwestern Ave

OFFICE BUILDING

2161 Northwestern Ave, Waukegan, IL 60087-4144

View Details
Value Estimation
$420,000

7,122 SF

215 Greenwood Ave

OFFICE BUILDING

215 Greenwood Ave, Waukegan, IL 60087-5133

View Details

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1400 Sunset Ave Waukegan, IL 60087

Property summary