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    1400 Sunset Ave Waukegan, IL 60087

    • Office buildings
    • 10,839 SF
    • 0.57 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Value Estimation
    $575,000
    Last Sale
    Jun 28, 2022
    $550,000
    Location Intelligence
    Property ID
    US28-1355765
    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

    • Kaiser North Shore Insurance / Insurance Agency
    • Tax Solutions / Financial Consultant
    • Wheel Power Transportation Inc / Trucking Company
    • Paul W Kaiser & Associates / Insurance Agency
    • Fast Tax Solutions / Accountant

    Property Details for 1400 Sunset Ave

    Year built
    1969
    Construction
    BRICK
    Lot size
    0.57 lot acres
    Property size
    10,839 SF
    Property type
    Office buildings
    APN
    08-08-404-001
    APU
    808404001

    Description

    This exceptional 2,000-square-foot executive office suite is ideally situated at 1400 Sunset Ave in Waukegan, Illinois, zip code 60087. Located in Lake County, this single-tenant property offers unparalleled convenience with easy access to both eastern and western destinations. Built in 1969, the building is a single-story structure with a B-2 zoning classification. The entire 2,000 square feet is currently vacant and ready for immediate occupancy. The space is highly adaptable and can be configured to suit various business needs. While the total space is 2,000 square feet, it's designed to allow for flexible configurations, potentially accommodating a division into two 1,000-square-foot units. The property features 0-100 Amps of power. This presents a fantastic opportunity for businesses seeking a well-located, adaptable, and readily available office space in a thriving area. The address is 1400 Sunset Ave, Waukegan, IL 60087. Don't miss this chance to establish your business in this prime location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $580,000

    • CAP approach

      CAP return
      Estimation
      6%
      $545,000
      6.5%
      $585,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $525,000
      Geo Method
      $515,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $485,000
      Retail
      $645,000
      Mixed-Use
      $650,000
      Hospitality
      $555,000
      Educational
      $600,000
      Residential Income
      $665,000
      Energy
      $525,000
      Income-Based Land
      $490,000
      Food Service
      $670,000

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8484
    Latitude
    42.3918
    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
    $14,876
    $42,926
    $116,289
    $159,215
    -
    $128,791
    $348,902
    $477,693

    Comparable in this City

    • Value Estimation
      $695,000
      29,574 SF

      2000 Lewis Ave

      OFFICE BUILDING • 29,574 SF
      2000 Lewis Ave, Waukegan, IL 60087-4722
      View Details
    • Value Estimation
      $1,480,000
      7,857 SF

      2161 Northwestern Ave

      OFFICE BUILDING • 7,857 SF
      2161 Northwestern Ave, Waukegan, IL 60087-4144
      View Details
    • Value Estimation
      $230,000
      1,451 SF

      1117 Greenwood Ave

      OFFICE BUILDING • 1,451 SF
      1117 Greenwood Ave, Waukegan, IL 60087-4908
      View Details
    • Value Estimation
      $240,000
      1,048 SF

      1120 Golf Rd

      OFFICE BUILDING • 1,048 SF
      1120 Golf Rd, Waukegan, IL 60087-4913
      View Details
    • Value Estimation by Request
      7,122 SF

      215 Greenwood Ave

      OFFICE BUILDING • 7,122 SF
      215 Greenwood Ave, Waukegan, IL 60087-5133
      View Details
    • Value Estimation by Request
      5,100 SF

      1800 Longview Rd

      OFFICE BUILDING • 5,100 SF
      1800 Longview Rd, Waukegan, IL 60087-4735
      View Details

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    Similar Nearby for Lease

    • $19 SF/Yr
      2,000 SF

      Waukegan Executive Office Suite

      Prime Waukegan Office, 2,000 SF Available
      1400 Sunset Ave, Waukegan, IL 60087
      View Details
    • Contact for pricing
      218,500 SF

      Waukegan Industrial Space Available

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      View Details
    • Contact for pricing
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    Waukegan, IL 60087
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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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