1400 Sunset Ave - Medical FOR SALE


Waukegan, IL 60087- Downtown Waukegan
$1,350,000 USD
847-875-8201
1400 Sunset Ave, Waukegan, IL for Sale
$1,350,000 USD
Medical - FOR SALE
1/51
null | 6.81% Cap Rate

1400 Sunset Ave
Waukegan, IL 60087
Downtown Waukegan


HIGHLIGHTS

  • 4 Drive in Doors

OVERVIEW

We are pleased to present our new exclusive listing at 1400 Sunset Road, Waukegan, Illinois. This offering provides an opportunity to acquire a stabilized, 100% occupied office property supported by long-term tenancy and durable construction. There are 5 units in the building. 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 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 offered at a 6.81% in-place Cap Rate, providing investors with both income security and long-term return potential.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

6.81%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,732 SF

ZONING

B-2

APN/PARCEL ID

08-08-404-001

ASK ABOUT THIS PROPERTY

Robb SattenRobb SattenMore Info
847-875-8201

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Robb SattenRobb SattenMore Info
847-875-8201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.