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    Property profile & analytics

    1039 Mcaree Rd Waukegan, IL 60085-2500

    • Investment properties
    • 1,071 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US28-1846840
    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

    • Investment properties

    Property Details for 1039 Mcaree Rd

    Year built
    1925
    Construction
    FRAME
    Lot size
    0.58 lot acres
    Property size
    1,071 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    08-17-311-009
    APU
    817311009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $325,000
      6.5%
      $350,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $380,000
      Mixed-Use
      $395,000
      Hospitality
      $370,000
      Educational
      $400,000
      Residential Income
      $350,000
      Energy
      $335,000
      Income-Based Land
      $370,000
      Food Service
      $345,000

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8646
    Latitude
    42.3743
    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
    $13,148
    $38,540
    $156,440
    $194,980
    -
    $115,632
    $469,367
    $584,999

    Comparable in this City

    • Value Estimation
      $1,050,000
      4,056 SF

      1529 Mcaree Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,056 SF
      1529 Mcaree Rd, Waukegan, IL 60085
      View Details
    • Value Estimation by Request
      3,019 SF

      443 Sheridan Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,019 SF
      443 Sheridan Rd, Waukegan, IL 60085-4089
      View Details
    • Value Estimation
      $120,000
      1,920 SF

      2414 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,920 SF
      2414 Grand Ave, Waukegan, IL 60085-3300
      View Details
    • Value Estimation
      $480,000
      1,380 SF

      709 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,380 SF
      709 Grand Ave, Waukegan, IL 60085-4171
      View Details
    • Value Estimation
      $215,000
      1,760 SF

      418 Clayton St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,760 SF
      418 Clayton St, Waukegan, IL 60085-4216
      View Details
    • Value Estimation
      $310,000
      2,400 SF

      128 St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,400 SF
      128 St, Waukegan, IL 60085-4330
      View Details

    Similar Nearby for Sale

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      Mixed-Use Building in Waukegan, IL

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      Waukegan Mixed-Use Investment Opportunity

      Mixed-use property with retail storefront and apartments in Waukegan.
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    • $349,900
      3,912 SF

      Downtown Waukegan Commercial Building For Sale

      B-5 commercial building in downtown Waukegan, ideal for various businesses.
      319 N County St, Waukegan, IL 60085
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      Mixed-Use Property in Waukegan

      Mixed-use property with retail, residential, and office spaces.
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    • $250,000

      Leased Office and Event Space

      Fully leased office suites and event space with parking lot.
      814 Washington St, Waukegan, IL 60085
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    Similar Nearby for Lease

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      Prime Auto Dealership Opportunity

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    • Contact for pricing
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      Waukegan Retail Outlot For Lease

      High-traffic retail space, multiple units available.
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      Belvidere Mall Medical Office Space

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    • Contact for pricing
      2,014 SF

      Retail Space at Grocery Anchored Center

      Retail space available at a grocery anchored shopping center.
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    • $18 SF/Yr

      Waukegan Office Space For Lease

      Office space for rent in Waukegan, ready for new tenants.
      335 S Green Bay Rd, Waukegan, IL 60085
      View Details
    • Contact for pricing
      43,560 SF

      Waukegan Commercial Land Opportunity

      Prime 1-Acre Outparcel Near Casino
      402 Lakehurst Rd, Waukegan, IL 60085
      View Details
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    1039 Mcaree Rd
    Waukegan, IL 60085-2500
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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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