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    3232 W Monroe St Waukegan, IL 60085

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    For Lease
    $11 SF/Yr ($4,791 /Mo)

    5,000 SF flex space with offices available Q2 2025.

    Property size:
    5,000 SF
    Lot size:
    1.02 Acres

    Property Features for 3232 W Monroe St

    General Information

    Size
    5,000 SF
    Lot size
    1.02 Acres

    Source: Brown Commercial Group Agent Collin Tyrrell

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

    Overview

    Waukegan Flex Space Available

    A 5,000 square foot unit of flex space is available for lease. The unit includes 560 square feet of offices on the first floor, with an additional 560 square feet of office space on the second floor that is not included in the unit's square footage. Ceiling heights range from 14 to 17 feet. The property features two drive-in doors, one measuring 14 feet by 12 feet and the other 12 feet by 12 feet. It is equipped with 200 amp, 208 volt, 3 phase power and floor drains. The property is located in Waukegan, IL. It is expected to be available in Q2 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SealMaster Waukegan Paving Materials Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Gym & Fitness Building Supply

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

    Similar Places Nearby

    Thunderbear Corporation

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8806085
    Latitude
    42.3634726

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    FAQs

    What type of property is this?
    Flex space - 5,000 SF flex space with offices available Q2 2025.
    Where is this flex space located?
    The property is located at 3232 W Monroe St Waukegan, IL.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - 5,000 SF Unit Available; - Benefit from 14' - 17' Ceilings; - Features 2 Drive-in Doors (14' x 12' and 12' x 12')
    (847) 758-9200
    Request Owner's contact information
    3232 W Monroe St Waukegan, IL 60085
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    Waukegan, IL 60085
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3232 W Monroe St Waukegan, IL 60085
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