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1850 Norman Dr Waukegan, IL 60085

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For Sale
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131,341 SF office building 100% leased to Fortune 200 company.

Property size:
131,341 SF
Lot size:
9.42 Acres

Property Features for 1850 Norman Dr

General Information

Size
131,341 SF
Lot size
9.42 Acres

Source: Colliers | Chicago Rosemont Agent Alissa Adler

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Waukegan Office Building for Sale

The property at 1850 Norman Drive, Waukegan, Illinois, is a 131,341 square foot office building located in Norman Woods Business Park, which houses other regional office tenants. The property is 100% leased to a Fortune 200 Pharmaceutical Company, rated AA- by S&P Global. Situated less than two miles from the tenant’s global headquarters, it is also conveniently located across from the 432-acre Amhurst Lake Business Park. Amhurst Lakes consists of 29 properties, housing over 25 tenants across various industries including industrial, office, R&D, and lab uses. The area attracts highly rated corporations due to the strong labor pool, including Medline, Amazon (AA), Cardinal Health (BBB), AbbVie (A-), and HCSC (A+). AbbVie, the former pharmaceutical division of the tenant, leases and occupies two office buildings in Amhurst Lakes totaling 198,000 SF. The tenant recently announced a $500 million investment in manufacturing and R&D at its local and Texas headquarters, planning to add approximately 200 new jobs in Illinois over the next few years. This investment supports the tenant’s U.S. transfusion diagnostics business and reflects the company’s commitment to strengthening domestic operations and boosting innovation and production capacity within the U.S.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

FedEx Drop Box Mailing Service Abbott Laboratories Building ... Corporate Office

Suggested Use

Restaurant Realty agency Law Firm Dental Office Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Waukegan
County
Lake
State
Illinois
Longitude
-87.8969733
Latitude
42.3265867

FAQs

What type of property is this?
Office building - 131,341 SF office building 100% leased to Fortune 200 company.
Where is this office building located?
The property is located at 1850 Norman Dr Waukegan, IL.
What are key features of this property?
This property features: - 100% leased to a Fortune 200 Pharmaceutical Company with an AA- credit rating by S&P Global.; - Located less than two miles from the tenant's global headquarters.; - Tenant is significantly expanding its footprint in Illinois with a $500 million investment.
More about this property
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