Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1541 Shields Dr Waukegan, IL 60085-8304

    • Warehouses
    • 10,440 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimation
    $1,140,000
    Last Sale
    Nov 03, 2021
    $1,000,000
    Location Intelligence
    Property ID
    US28-1883588
    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

    • Small, Different, Better, Inc. / Manufacturer / Corporate Office
    • Affordable Health Insurance / Health Insurance Agency / Health Consultant
    • aquavert cleaners / Cleaners

    Property Details for 1541 Shields Dr

    Year built
    1995
    Construction
    BRICK
    Lot size
    0.43 lot acres
    Property size
    10,440 SF
    Property type
    Warehouses
    APN
    07-36-406-042
    APU
    736406042

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,140,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,045,000
      6.5%
      $1,190,000
      7%
      $1,070,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,245,000
      Geo Method
      $1,230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,130,000
      Retail
      $1,150,000
      Mixed-Use
      $1,155,000
      Hospitality
      $985,000
      Educational
      $1,055,000
      Residential Income
      $895,000
      Energy
      $865,000
      Income-Based Land
      $1,055,000
      Food Service
      $1,010,000

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8896
    Latitude
    42.3326
    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
    $22,036
    $34,595
    $149,304
    $183,899
    -
    $103,795
    $447,957
    $551,752

    Comparable in this City

    • Value Estimation by Request
      10.91 Acres

      3648 Bur Wood Dr

      WAREHOUSE, STORAGE • 10.91 Acres
      3648 Bur Wood Dr, Waukegan, IL 60085
      View Details
    • Value Estimation by Request
      8,985 SF

      935 Commonwealth Ave

      WAREHOUSE, STORAGE • 8,985 SF
      935 Commonwealth Ave, Waukegan, IL 60085-7202
      View Details
    • Value Estimation by Request
      1,690 SF

      3979 Bur Wood Dr

      WAREHOUSE, STORAGE • 1,690 SF
      3979 Bur Wood Dr, Waukegan, IL 60085-8000
      View Details
    • Value Estimation by Request
      3,766 SF

      3940 Lakeside Dr

      WAREHOUSE, STORAGE • 3,766 SF
      3940 Lakeside Dr, Waukegan, IL 60085-8002
      View Details
    • Value Estimation
      $9,990,000
      48,000 SF

      700 Chestnut Ave

      WAREHOUSE, STORAGE • 48,000 SF
      700 Chestnut Ave, Park City, IL 60085-6808
      View Details
    • Value Estimation by Request
      5,850 SF

      25 Le Baron St

      WAREHOUSE, STORAGE • 5,850 SF
      25 Le Baron St, Waukegan, IL 60085-3045
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      40,504 SF

      Flex Space in Amhurst Lake

      Flex space in Amhurst Lake Business Park for sale.
      1501-1531 White Oak Dr, Waukegan, IL 60085
      View Details
    • Contact for pricing
      59,250 SF

      Flex Units with Loading Docks

      Flex space with loading docks in Amhurst Lake Business Park.
      1580-1598 S Lakeside Dr, Waukegan, IL 60085
      View Details
    • Contact for pricing
      0.39 Acres

      Waukegan Commercial Development Land

      0.39-Acre Site, Ground Lease Available
      2301 Belvidere Rd, Waukegan, IL 60085
      View Details
    • $688,500
      3,060 SF

      Park City Medical Office Building

      Profitable Medical Office in IL
      351 Greenleaf St, Park City, IL 60085
      View Details
    • $515,000
      1,500 SF

      Waukegan Retail Investment Opportunity

      High-yield, single-tenant retail property with long-term lease.
      2000 Grand Ave, Waukegan, IL 60085
      View Details
    • $3,065,680
      14,868 SF

      Triple-Net Leased Retail Portfolio

      Illinois Retail Investment, 100% Occupied
      3331 Belvidere Rd, Park City, IL 60085
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Waukegan Warehouse with Office Space

      7,500 SF warehouse with 2,070 SF office space.
      875-895 South Northpoint Blvd, Waukegan, IL 60085
      View Details
    • Contact for pricing
      11,400 SF

      Waukegan Warehouse with Immediate I-94 Access

      11,400 SF warehouse with convenient highway access and office space.
      953-977 Northpoint Blvd, Waukegan, IL 60085
      View Details
    • $11 SF/Yr
      5,000 SF

      Waukegan Flex Space Available

      5,000 SF flex space with offices available Q2 2025.
      3232 W Monroe St, Waukegan, IL 60085
      View Details
    • Contact for pricing
      48,372 SF

      Waukegan Industrial Space for Lease

      Industrial space available for lease in Waukegan, Illinois.
      3600-3648 Burwood Dr, Waukegan, IL 60085
      View Details
    • Contact for pricing
      6,240 SF

      Waukegan Warehouse Space Available

      6,240 SF warehouse space for lease in Waukegan, IL.
      1000-1036 Northpoint Blvd, Waukegan, IL 60085
      View Details
    • Contact for pricing
      11,273 SF

      Waukegan Industrial Space For Lease

      Industrial spaces available for lease near I-94 and Route 137.
      1475 S Lakeside Dr, Waukegan, IL 60085
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1541 Shields Dr
    Waukegan, IL 60085-8304
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.