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Medical Office Building with Elevator
For Sale
Contact for pricing
Pending

1616 Grand Ave, Waukegan, IL 60085

Secure medical-grade access and video security support a multi-use office building with elevator service and dedicated parking.

Property SizeContact for details
Days on Market143

Property Features for 1616 Grand Ave

General Information

Standard status Pending
Total Parking Spaces 150
Property subtype Office

Amenities

state of the art video security system
secure medical grade key lock system
oak, ceramic tile, and marble finishes
dry secure basement storage
elevator
Pace Bus to building
Listing Agency: KW Commercial Keller Williams Chicago-O'Hare
Listed By: Nataliya Govdyak · License #IL 475.175263
Source: Crexi
Added: Apr 11 Changed: Aug 24 Last Checked: Aug 30 at 10:25PM

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 KW Commercial Keller Williams Chicago-O'Hare

Investment Insights

Based on property information with market context.

This medical office building features a state-of-the-art video security system and a secure medical-grade key lock system throughout. Interior finishes include oak, ceramic tile, and marble, and the property also offers dry, secure basement storage. Elevator access supports 2nd-floor use, and the building has a wide range of approved uses permitted by code.

The property is centrally located with proximity to downtown Waukegan and positioned between Vista East and Lake Behavioral West Hospitals. The building is served by Pace Bus and includes 150 parking spaces.

With its secure access controls, elevator service, and medical-ready interior finishes, the building is well suited for a variety of professional or medical tenant uses, including outpatient services such as physical therapy, immediate care, orthopedic, pulmonary practice, and rehab, as well as related adult programming and day care concepts listed as permitted by code.

Key Highlights

  • State‑of‑the‑art video security system plus secure medical‑grade key lock system throughout the building
  • Elevator provides access to the 2nd floor
  • 150 parking spaces for tenants and visitors

Property Analytics

Current Use

Makarone Law Firm Law Firm Da Vita Inc Physician Doctors Office of Waukegan Physician Jennifer Luzentales, NP Physician Daisy Andaleon, MD Pediatrician

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Skin Care Clinic HVAC Service Gym & Fitness Center

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

Location Intelligence

Trade Area within ½ mile

689
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60085, IL

71,609
Population
26,781
Households
2.7
Avg Household Size
33
Median Age
19%
College-Educated
74%
High-School Grad
14.8 sq mi
ZIP Area
4,838
Density / Sq Mi
$64,330
Median Household Income
$35,645
Median Earnings
$1,133
Median Rent
$164,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Secure medical-grade access and video security support a multi-use office building with elevator service and dedicated parking.
Where is this medical office space located?
The property is located at 1616 Grand Ave Waukegan, IL.
What are key features of this property?
This property features: State‑of‑the‑art video security system plus secure medical‑grade key lock system throughout the building; Elevator provides access to the 2nd floor; 150 parking spaces for tenants and visitors
More about this property
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