1400 Sunset AveWaukegan, IL 60087

Property Details for 1400 Sunset Ave

Year built

1969

Construction

BRICK

Lot size

0.57 AC

Property size (Sq ft)

10,839 SF

Property type

Office buildings

APN

08-08-404-001

APU

808404001

Description

This exceptional 2,000-square-foot executive office suite is ideally situated at 1400 Sunset Ave in Waukegan, Illinois, zip code 60087. Located in Lake County, this single-tenant property offers unparalleled convenience with easy access to both eastern and western destinations. Built in 1969, the building is a single-story structure with a B-2 zoning classification. The entire 2,000 square feet is currently vacant and ready for immediate occupancy. The space is highly adaptable and can be configured to suit various business needs. While the total space is 2,000 square feet, it's designed to allow for flexible configurations, potentially accommodating a division into two 1,000-square-foot units. The property features 0-100 Amps of power. This presents a fantastic opportunity for businesses seeking a well-located, adaptable, and readily available office space in a thriving area. The address is 1400 Sunset Ave, Waukegan, IL 60087. Don't miss this chance to establish your business in this prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,957,110

  6.5%

  $1,806,563

  7%

  $1,677,523

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,100,410

  Geo Method

  $1,411,780

• Alternative Use

  Use

  Valuation

  Residential

  $2,240,138

  Hospitality

  $2,051,955

  Educational

  $1,707,202

  Medical

  $1,765,916

  Retail

  $2,655,648

Location Insight

City

Waukegan

County

Lake

State

Illinois

Latitude

42.3918

Longitude

-87.8484

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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