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$1,100,000 -$250,000 (-18.52%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 11,784 Sq. Ft.
  • Updated 1 hour ago
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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.

Full Property Details for MLS# 12560270

General

  • Price: $1,100,000
  • Taxes: $14,991 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12560270
  • Updated: 4/3/2026
  • Added to Site: 57 day(s) ago

Interior

  • Interior Features: Skylight(s), Storage Inside, Basement

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s)

Location

  • Area: Park City / Waukegan
  • County: Lake
  • Driving Directions: From Sunset & Rt 137 east to property (NO SIGN)
  • Location Details: North Suburban, Central Business District

Heating & Cooling

  • Cooling Type: Central Air Conditioning, Central Individual
  • Heating Type: Central Heat/Individual Controls

Structural Information

  • Construction: Brick, Concrete, Block
  • Exterior Const.: Brick, Concrete, Block
  • Foundation: Concrete Perimeter
  • Roof: Membrane
  • Drive-In Doors: 4
  • Stories/Levels: 1
  • Square Feet: 11,784
  • Current Bldg. Use: Commercial, Office, Medical/Dental
  • Year Built: 1960
  • Built Before 1978: Yes

Unit Information

  • # Tenants: 4

Lot Features

  • Lot Size (Sq. Ft.): 24,732
  • Lot Dimensions: 24732
  • Frontage: City Street

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Security Deposit: Carbon Monoxide Detector(s)
  • Assessment Year: 1960
  • Tax Amount: $14,991
  • Tax Year: 2024
  • Tenant Pays: Electricity

Disclosures and Reports

  • Property ID: 8084040010000

Listed by Real Broker, LLC and Real Broker LLC

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Listing agents

— MLS# 12560270 —

  • Real Broker, LLC

  • Real Broker LLC

(847) 875-8201

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving MLS# 12560270

School District:Waukegan Community Unit School District 60
NameGradesDistance
Little Fort Elementary School
1775 Blanchard Road, Waukegan, IL 60087
K-50.5 mi
Jack Benny Middle School
1401 Montesano Avenue, Waukegan, IL 60087
6-80.2 mi
Waukegan High School
1011 Washington Street, Waukegan, IL 60085
9-122.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for MLS# 12560270 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/03/2026
Price Reduced
$1,100,000
-18.52%
MLS
2/05/2026
Listed
$1,350,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

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NMLS#: 1598647

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Listed by Real Broker, LLC and Real Broker LLC

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MLS# 12560270, Waukegan, IL 60087 (MLS# 12560270) is a Commercial property. MLS# 12560270 is currently listed for $1,100,000 and was received on February 05, 2026. Want to learn more about MLS# 12560270? Do you have questions about finding other Commercial real estate for sale in Waukegan? You can browse all Waukegan real estate or contact a Coldwell Banker agent to request more information.

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