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    Waukegan, IL
    Flex Space

    Waukegan, IL Flex Space for Sale

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    North Chicago, IL Park City, IL Gurnee, IL Beach Park, IL Zion, IL Lake Bluff, IL Wadsworth, IL Lake Forest, IL
    Warehouse with Office Build-Out
    Updated: Aug 7, 2025
    Warehouse with Office Build-Out

    3720 Hawthorne Court, Waukegan, IL 60087

    $850,000
    8,800 sqft
    Approximately 8,800 SF combined warehouse and office space
    Front office includes four private offices, a conference room, shared open workspaces, kitchen, and break area
    Warehouse has 14‑foot ceilings for storage or vertical operations
    Loading access includes 1 dock with an overhead door plus 3 additional overhead garage doors
    Office and warehouse are connected for an efficient work flow
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    This listing looks promising.

    Here's a quick look at some key insights for

    3720 Hawthorne Court, Waukegan, IL 60087

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    • Est. Cap Rate

      6.1%
      Above avg (5.9%)

    • Est. NOI

      $51K
      Annual

    • Mortgage

      $294K
      Feb 2018

    • Last Sold

      Mar 2021
      $437K

    • Property Type

      Industrial (General)
      Built 1980
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    Well-Located Multi-Unit Industrial Flex
    Updated: May 19
    Well-Located Multi-Unit Industrial Flex

    4059-4081 Joseph Drive, Waukegan, IL 60087

    Contact for pricing
    1.42 AC lot
    Well maintained 7‑unit industrial flex property on a 1.42‑acre site
    100% leased with rent roll available upon request
    NOI of $163,554.34
    Easy access to major routes via nearby US Rt. 41, IL Rt. 132, and I‑94
    Includes a flex unit available for lease with good loading and nicely appointed offices
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    Flex Units with Loading Docks
    Flex Units with Loading Docks

    1580-1598 S Lakeside Dr, Waukegan, IL

    Contact for pricing
    59,250 sqft 4.68 AC lot

    Flex space with loading docks in Amhurst Lake Business Park.

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    Flex Space in Amhurst Lake
    Flex Space in Amhurst Lake

    1501-1531 White Oak Dr, Waukegan, IL

    Contact for pricing
    40,504 sqft 3.90 AC lot

    Flex space in Amhurst Lake Business Park for sale.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Industrial Warehouse with Office
    Industrial Warehouse with Office

    1351 Armour Blvd, Mundelein, IL 60060

    Contact for pricing
    12,111 sqft

    One-story building offering just over 12,000 square feet with dedicated warehouse and office space, plus a new roof.

    View details
    Canlan Sports - Libertyville
    Canlan Sports - Libertyville

    1950 Us Highway 45, Libertyville, IL 60048

    Contact for pricing

    NOW LEASING AT CANLAN SPORTS LIBERTYVILLE

    View details
    Functional Industrial Warehouse
    Functional Industrial Warehouse

    325 Fourth St, Libertyville, IL 60048

    Contact for pricing

    Industrial warehouse features three overhead doors, docked loading, outdoor parking, and up to 4,000 SF of A/C office/work space.

    View details
    Retail, Office, Industrial
    Retail, Office, Industrial

    1505 Reidel Rd, Mundelein, IL 60060

    Contact for pricing

    Flex space

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Orland Park Industrial Land Available
    Orland Park Industrial Land Available

    15459 S 70th Court, Orland Park, IL 60462

    $449,900
    1.10 AC lot

    1.1 acre industrial land for sale in Orland Park.

    View details
    Orland Park Commercial Parcel
    Orland Park Commercial Parcel

    15459 S 70th Court, Orland Park, IL 60462

    $449,900
    1.10 AC lot

    1.01-acre commercial parcel in Orland Park's Business District.

    View details
    Multi-Use Development Land Parcel
    Multi-Use Development Land Parcel

    1 Reighmoor Road, Omro, WI 54963

    $322,140
    20.14 AC lot

    A large development parcel with options for residential lots, storage units, or light-commercial flex space.

    View details
    Dubuque Light Industrial Land
    Dubuque Light Industrial Land

    10 S Main Street, Dubuque, IA 52001

    $94,259

    Light industrial land available near major highways in Dubuque, Iowa.

    View details

    Off-Market Properties in Waukegan, IL

    Consider similar Off-Market properties in Waukegan, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4059-4081 Joseph Dr
    Distribution properties

    4059-4081 Joseph Dr, Waukegan, IL 60087

    Value Estimation by Request
    22,750 sqft
    View details

    Waukegan, IL Flex Space Market Trends and Statistics

    Explore 5 flex space for sale in Waukegan, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 8,800 square feet of properties for sale, with an estimated market value of $850,000.

    Sale prices for business spaces in Waukegan, IL start at $850,000, averaging $850,000, and reaching up to $850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Flex space 11
    Manufacturing properties 1

    Demographics Overview

    Population 100K
    Population Growth (5Y) +2.8%
    Median Household Income $68,390
    College Educated 16.7%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Waukegan fall within the 25,000 to 50,000 square foot range.

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