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    Property profile & analytics

    3700 Sunset Ave Waukegan, IL 60087-3212

    • Industrial properties
    • 23,701 SF
    • 2.63 lot acres
    OFF-MARKET
    Value Estimation
    $695,000
    Location Intelligence
    Property ID
    US28-1769852
    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

    • American Outfitters Ltd / Embroidery Shop
    • Procase Inc / Picture Frame Shop

    Property Details for 3700 Sunset Ave

    Year built
    1994
    Construction
    BRICK
    Lot size
    2.63 lot acres
    Property size
    23,701 SF
    Property type
    Industrial properties
    APN
    07-12-200-011
    APU
    712200011

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $710,000

    • CAP approach

      CAP return
      Estimation
      6%
      $690,000
      6.5%
      $675,000
      7%
      $685,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $775,000
      Geo Method
      $660,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $705,000
      Retail
      $730,000
      Mixed-Use
      $625,000
      Hospitality
      $650,000
      Educational
      $660,000
      Residential Income
      $650,000
      Energy
      $690,000
      Income-Based Land
      $615,000
      Food Service
      $695,000

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8914
    Latitude
    42.3931
    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
    $58,599
    $94,361
    $389,094
    $483,455
    -
    $283,111
    $1,167,399
    $1,450,510

    Comparable in this City

    • Value Estimation by Request
      10.00 Acres

      37789 Sheridan Rd

      Land • 10.00 Acres
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    • Value Estimation by Request
      23.49 Acres

      38101 Sheridan Rd

      Land • 23.49 Acres
      38101 Sheridan Rd, Waukegan, IL 60087
      View Details
    • Value Estimation
      $480,000
      9,061 SF

      3720 Hawthorne Ct

      INDUSTRIAL (GENERAL) • 9,061 SF
      3720 Hawthorne Ct, Waukegan, IL 60087-3222
      View Details
    • Value Estimation
      $390,000
      8,778 SF

      2717 Delany Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 8,778 SF
      2717 Delany Rd, Waukegan, IL 60087
      View Details
    • Value Estimation
      $630,000
      2,129 SF

      3801 Hawthorne Ct

      INDUSTRIAL (GENERAL) • 2,129 SF
      3801 Hawthorne Ct, Waukegan, IL 60087-3221
      View Details
    • Value Estimation
      $1,825,000
      0.82 Acres

      Ernie Krueger Cir

      INDUSTRIAL (GENERAL) • 0.82 Acres
      Ernie Krueger Cir, Waukegan, IL 60087
      View Details

    Similar Nearby for Sale

    • $395,000
      10.00 Acres

      Beach Park Development Land

      13 Acres, R2 Zoning, Mixed-Use Potential
      37789 Sheridan Rd, Beach Park, IL 60087
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    • $1,049,000
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      Waukegan Development Land

      23-Acre Commercial/Residential Plot
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    • Contact for pricing
      0.24 Acres

      Vacant Lot in Beach Park

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      Three commercial lots available for sale in Waukegan, Illinois.
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      Beach Park Commercial Land Opportunity

      Prime commercial land with high visibility and flexible potential.
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      Residential land for sale, utilities on site, build opportunity.
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    Similar Nearby for Lease

    • Contact for pricing
      218,500 SF

      Waukegan Industrial Space Available

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    • $19 SF/Yr
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      Waukegan Executive Office Suite

      Prime Waukegan Office, 2,000 SF Available
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    • Contact for pricing
      1,218 SF

      Retail Space Near Target Center

      Retail space adjacent to Target-anchored strip center in Waukegan, IL.
      3123 N Lewis Ave, Waukegan, IL 60087
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    3700 Sunset Ave
    Waukegan, IL 60087-3212
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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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