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Flex Space with Open Layout
For Lease
$13 SF/Yr

415 Washington St Unit 003, Waukegan, IL 60085

Unfinished interior supports a tailored build-out for office, studio, or professional use.

Space Size1,260 SF
Days on Market53

Property Features for 415 Washington St Unit 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
Available From Immediate

Amenities

private parking lot
professional management

Building Details

Year Built 1940
Listing Agency: Citypoint Illinois LLC
Listed By: Steve Costello
Source: Realtopiare
Added: Sep 9 Changed: Oct 25 Last Checked: Oct 7 at 3:28PM

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

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Investment Insights

Based on property information with market context.

Suite 003 at Waukegan Business Center provides 1,260 square feet of unfinished office and flex space with an open configuration. The interior can be adapted for a small office, studio, or other professional use, with build-out planned around the occupant’s requirements. Immediate occupancy is available.

The property includes access to a private parking lot and professional management. The suite is located at 415 Washington Street in Waukegan, Illinois, within a building constructed in 1940.

Key Highlights

  • 1,260 SF of unfinished office/flex space
  • Open interior suitable for office, studio, or professional use
  • Build‑to‑suit configuration opportunity

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Waukegan, IL

$15.25 /SF/Yr
Avg Asking Price
$13–$18 /SF/Yr
Price Range
10,266 SF
Avg Space Size

This space is priced 15% below the average of $15.25 /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

Frequently Asked Questions

What type of property is this?
Flex space - Unfinished interior supports a tailored build-out for office, studio, or professional use.
Where is this flex space located?
The property is located at 415 Washington St Unit 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; Open interior suitable for office, studio, or professional use; Build‑to‑suit configuration opportunity
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