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Unfinished Flex Space
For Lease
$13 SF/Yr

415 Washington Street #003, Waukegan, IL 60085

Open commercial suite suited to tenant-specific office, studio, or professional build-out.

Space Size1,260 SF
Days on Market165

Property Features for 415 Washington Street #003

General Information

Standard status Active
Size 1,260 SF
Net Rentable 1,260 SF

Space & Availability

Available Space 1,260 SF
Contiguous Space 1,260 SF
Space Use Flex
Condition Shell
Sublease No
Available From Immediate
Furnished No

Amenities

private parking lot
professional management

Building Details

Year Built 1940
Stories 2
Listing Agency: Citypoint Illinois LLC
Listed By: Steve Costello
Source: Allinonerealestateco
Added: Mar 19 Changed: Aug 28 Last Checked: Aug 29 at 10:23AM

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 Citypoint Illinois LLC

Investment Insights

Based on property information with market context.

Suite 003 provides 1,260 square feet of unfinished flex space within the Waukegan Business Center. Its open interior can be configured for office, studio, or other professional operations requiring a tailored layout.

The property is located at 415 Washington Street in Waukegan and includes access to a private parking lot and professional management. Immediate occupancy is available. The building was constructed in 1940.

Key Highlights

  • 1,260 SF of unfinished office/flex space
  • Suite 003 features an open interior layout
  • Suitable for office, studio, or professional use

Property Analytics

Current Use

Turn the Paige Tax ... Accounting Firm McCollum, Hodgkinson, & Nikitas ... Law Firm Law Offices of Douglas ... Law Firm Nikitas Gregory C Law Firm Fidelity National Title Title Company

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Pharmacy Auto Parts Store Building Supply

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
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,207
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

Lease Benchmarks for Waukegan, IL

$14.06 /SF/Yr
Avg Asking Price
$13–$17 /SF/Yr
Price Range
4,098 SF
Avg Space Size

This space is priced 8% below the average of $14.06 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Open commercial suite suited to tenant-specific office, studio, or professional build-out.
Where is this flex space located?
The property is located at 415 Washington Street #003 Waukegan, IL.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: 1,260 SF of unfinished office/flex space; Suite 003 features an open interior layout; Suitable for office, studio, or professional use
More about this property
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