Listed by Real Broker LLC IL, Keller Williams North Shore West
$1,100,000
1400 Sunset Avenue
Details
APN 08084040010000
Property Type Office
Sub Type Traditional Office, Medical Office
Square Footage 10,839
Units 5
Cap Rate 7.81%
Occupancy 100%
Tenancy Multi
Lease Type Modified
Class C
Year Built 1960
Lot Size (SqFt) 24,732
Office | 7.81% CAP | 10,839 SqFt
Marketing 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.
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Listed by Real Broker LLC IL, Keller Williams North Shore West
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