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Flex Industrial Building with Parking
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1501-1531 White Oak Dr, Waukegan, IL 60085

Flex units in a business park with heavy parking and flexible layouts, with demolition and construction underway.

Property Size8,328 SF
Days on Market1215

Property Features for 1501-1531 White Oak Dr

General Information

Standard status Active
Size 8,328 SF
Property subtype FLEX_R_AND_D

Amenities

Building and Monument Signage Opportunities
Listing Agency: Colliers | Chicago Rosemont
Listed By: Jonathon Connor
Source: Moodyscre
Added: Apr 3, 2023 Changed: Jul 26 Last Checked: Jul 29 at 1:46PM

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 Colliers | Chicago Rosemont

Investment Insights

Based on property information with market context.

This flex industrial property features flexible unit layouts and is currently undergoing demolition and construction on flex units. Available configurations are described as ranging broadly to support different tenant space needs.

Set within a business park in Amhurst Lake, the property offers heavy parking and monument signage opportunities. Public remarks also note convenient access to abundant restaurants and retail, along with low Lake County taxes.

Suites are presented as flex space designed to accommodate a range of operational layouts, supported by the ongoing improvements and flexible interior planning described in the leasing materials.

Key Highlights

  • Flex units with flexible layouts ranging from 5,000 to 40,504 SF
  • Demolition and construction underway on flex units
  • Heavy parking available

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Hair Salon HVAC Service Law Firm (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

331
Businesses Nearby
Balanced
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

Lease Benchmarks for Waukegan, IL

$15.25 /SF/Yr
Avg Asking Price
$13–$18 /SF/Yr
Price Range
4,051 SF
Avg Space Size

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 - Flex units in a business park with heavy parking and flexible layouts, with demolition and construction underway.
Where is this flex space located?
The property is located at 1501-1531 White Oak Dr Waukegan, IL.
What are key features of this property?
This property features: Flex units with flexible layouts ranging from 5,000 to 40,504 SF; Demolition and construction underway on flex units; Heavy parking available
(847) 436-6664 Call to check price and availability
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