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Well-Located Multi-Unit Industrial Flex
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4059-4081 Joseph Drive, Waukegan, IL 60087

Seven-unit industrial flex property on a 1.42-acre site, 100% leased and well maintained.

Property Size22,750 SF
Lot Size1.42 Acres
Days on Market94

Property Features for 4059-4081 Joseph Drive

General Information

Standard status Active
Size 22,750 SF
Lot size 1.42 Acres
Property subtype Industrial - Flex - Industrial
Occupancy 100%

Additional Details

Highway Access Yes

Building Details

Building Size 22,750 SF
Tenancy Multi
Listing Agency: Brown Commercial Group
Listed By: Collin Tyrrell
Source: Commercialcafe
Added: May 19 Changed: Aug 15 Last Checked: Aug 18 at 4:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brown Commercial Group

Investment Insights

Based on property information with market context.

This well maintained seven-unit industrial flex property is offered for sale with 100% occupancy. The site totals 1.42 acres and includes flexible industrial space with loading and nicely appointed offices in the available configuration. A rent roll is available upon request.

The property is located in an established business park with easy access to major transportation routes via nearby US Rt. 41, IL Rt. 132, and I-94.

In addition to the existing leased units, the listing also references a great flex unit available for lease, with loading suitable for industrial operations and office buildout intended for day-to-day business use.

Key Highlights

  • 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

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Restaurant Spa & Massage Center Building Supply Hair Salon Nail Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

219
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60087, IL

28,207
Population
10,047
Households
2.8
Avg Household Size
36
Median Age
18%
College-Educated
77%
High-School Grad
13.0 sq mi
ZIP Area
2,170
Density / Sq Mi
$79,162
Median Household Income
$38,929
Median Earnings
$1,294
Median Rent
$185,800
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Seven-unit industrial flex property on a 1.42-acre site, 100% leased and well maintained.
Where is this flex space located?
The property is located at 4059-4081 Joseph Drive Waukegan, IL.
What are key features of this property?
This property features: 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
More about this property
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