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1400 Sunset Avenue Waukegan, IL $ 1,100,000
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$ 1,100,000 Get more info
1400 Sunset Avenue
$ 1,100,000
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Share Save

1400 Sunset Avenue

Waukegan, IL, 60087
$ 1,100,000
Bedrooms-- Baths-- Sq 11,784

Monthly Estimate*

$ 7,597

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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.

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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 Active
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 14991.81
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
Cap Rate 7.81
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 11784
Lot Dimensions 24732
Frontage Type City Street
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* Excluded Features
List By
Real Broker, Llc

Broker

rsatten@realcre.net

Email

Affordability Calculator

$8,847
Per Month
86%
14%
0%
Monthly Principal & Interest
$7,597
Monthly Property Taxes
$1,249
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/3/2026$1,100,000 -18.52% Price Down
2/5/2026$1,350,000 Listed Price

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1400 Sunset Avenue, Waukegan, IL, 60087 is a Commercial Property for sale at $1,100,000 with 11,784 sqft and a lot size of 0.567769. 1400 Sunset Avenue was built in 1960. The property's zip code is 60087 which is in Waukegan, IL

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