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$1,100,000
Est. payment /mo
11,784 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 11,784 sqft
Price per Sqft $93
MLS Listing ID 12560270
Year Built 1960
Annual Tax Amount $14,991
Tax Year 2024
Lot Dimensions 24732
Property Sub-Type Office/Tech
Property Description
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.
Location
State IL
County Lake
Area Park City / Waukegan
Interior
Cooling Central Air, Central Individual
Fireplace N
Exterior
Roof Type Membrane
Building
Dwelling Type Office/Tech
Structure Type Brick,Concrete,Block
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Listed by Robb Satten of Real Broker, LLC