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Industrial Flex Multi-Unit Building
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4059-4081 Joseph Dr, Waukegan, IL 60087

Multi-unit industrial flex property with good loading and nicely appointed offices, offering smaller suite availability for lease.

Property Size2,660 SF
Days on Market107

Property Features for 4059-4081 Joseph Dr

General Information

Standard status Active
Size 2,660 SF
Property subtype INDUSTRIAL

Building Details

Tenancy Multi
Listing Agency: Brown Commercial Group
Listed By: Dan Brown SIOR
Source: Moodyscre
Added: Apr 16 Changed: Jul 25 Last Checked: Jul 30 at 12:20PM

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 is a 22,750 SF multi-unit industrial flex property offering good-loading space along with nicely appointed offices. The asset is configured as smaller industrial/flex units, making it well suited for tenants seeking warehouse and office combinations within a multi-suite environment.

The property is located at 4059-4081 Joseph Dr in Waukegan, IL 60087. It is being offered for lease, and the listed lease rate is subject to offer.

For tenants evaluating distribution, light industrial, or flex-oriented requirements, the combination of practical loading capacity and dedicated office buildout within a multi-unit layout is a key consideration.

Key Highlights

  • 22,750 SF multi‑unit industrial/flex property
  • Smaller industrial/flex suites available for lease
  • Good loading for tenant operations

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

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

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 - Multi-unit industrial flex property with good loading and nicely appointed offices, offering smaller suite availability for lease.
Where is this flex space located?
The property is located at 4059-4081 Joseph Dr Waukegan, IL.
What are key features of this property?
This property features: 22,750 SF multi‑unit industrial/flex property; Smaller industrial/flex suites available for lease; Good loading for tenant operations
(847) 775-0343 Call to check price and availability
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