Commercial: MLS #12560270 Waukegan, IL ^$ 1,100,000

Commercial: MLS #12560270

^$ 1,100,000

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Commercial: MLS #12560270

Name: address
Address: IL, 60087

Waukegan, IL, 60087

^$ 1,100,000

Bedrooms-- Baths-- Sq 11,784

Monthly Estimate*

^$ 6,773

Commercial Property for sale in Waukegan, IL

for $1,100,000. This 11,784 square foot building was built in 1960 on a lot size of 0.567769.

We are pleased to present our new exclusive listing at 1400 Sunset Road, Waukegan, Illinois. This offering provides an opportunity to acquire a stabilized, HUNDRED prct occupied office property supported by long-term tenancy and durable construction. The asset delivers immediate, dependable cash flow with minimal near-term rollover risk, making it well-suited for passive investors and 1031 exchange buyers. The property consists of a one-story, 10,839 SF office building with 5 units constructed of brick and concrete block, offering low maintenance requirements and long-term ownership stability. Additional features include a four-car attached garage (945 SF), an unfinished basement, 34 on-site parking spaces, and excellent signage exposure on a 24,732 SF lot. The asset is providing investors with both income security and long-term return potential.

Commercial Active

Price

^$ 1,100,000

Property Type

Commercial

Taxes

^$ 14,991

Style

Commercial,Office,Medical/Dental

Lot Size

0.567769

Year Built

1960

Town/City

Waukegan

County/Region

Lake

MLS | Web ID

12560270

Features

General

Cooling Central Air Central Individual

Roof Membrane

Construction Materials Brick Concrete Block

Year Built 1960

Electric Service - 0 to 100 Amps

Tenant Pays Electricity

Stories Count 1

Tax Year 2024

Current Use Commercial Office Medical/Dental

Gross Income 0

County Lake

Net Operating Income 0

Operating Expense 0

Property Type Commercial Sale Office/Tech

Status Price Change

Directions From Sunset & Rt 137 east to property (NO SIGN)

City Waukegan

Number Of Units Total 5

MLS Area Park City / Waukegan

Lot Size Square Feet 24732

Tax Annual Amount 14991

Additional Parcels Y/N N

Leasable Area 0

Standard Status Active

Cap Rate 7.81

Exterior

Foundation Details Concrete Perimeter

Building Area Total 11784

Lot Dimensions 24732

Frontage Type City Street

* Excluded Features

List By

Real Broker, Llc

Broker

rsatten@realcre.net

Affordability Calculator

$8,022

Per Month

Monthly Principal & Interest: $6,773
Monthly Property Taxes: $1,249
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Waukegan, IL

Average List Price ^$790,858

Percent of Sale Price 28%

About Waukegan, IL

89,653 Population

1% Since 2002

^$47,241 Median Income

33.6 Median Age

41% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/3/2026	$1,100,000	-18.52%	Price Down
2/5/2026	$1,350,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 4/9/2026.

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Commercial: MLS #12560270

Commercial Property for sale in Waukegan, IL

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