Premium Office Space in
For Lease
$13 SF/Yr
415 Washington Street #004A, Waukegan, IL 60085
Premium office space in downtown Waukegan, across from the courthouse.
Space SizeContact for details
Days on Market751
Property Features for 415 Washington Street #004A
General Information
Standard status
Active
Building Details
Year Built
1940
Listing Agency:
CITYPOINT ILLINOIS LLC
Listed By:
RICHARD BALAUAG
Source:
Corcoran
Added: Oct 11, 2024
Changed: Mar 16
Last Checked: Aug 25 at 9:21AM
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
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This premium office space is located in downtown Waukegan, across from the Lake County Courthouse. It is suitable for attorneys, government entities, and small businesses. The space features 11-foot ceilings, remodeled bathrooms, modern carpeting, enhanced lighting, and a welcoming lobby. A spacious parking lot offers permit parking and free visitor parking. Recent upgrades include a state-of-the-art HVAC system, fresh carpeting in common areas, an atrium renovation, and a comprehensive surveillance system. The lease price applies to units on the main floor of the south building, with access via the main entrances on S MLK Jr. Ave. Additional storage space is available.
Key Highlights
- Premium office space in a sought‑after downtown Waukegan location, across from the Lake County Courthouse.
- Ample parking with permit options for tenants and free visitor parking.
- Recent major upgrades including a state‑of‑the‑art HVAC system, common area carpeting, atrium renovation, and comprehensive surveillance system.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
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Business Placement
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
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Market
Lease Benchmarks for Waukegan, IL
$14.6 /SF/Yr
Avg Asking Price
$9–$18 /SF/Yr
Price Range
4,074 SF
Avg Space Size
This space is priced 11% below the average of $14.6 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Premium office space in downtown Waukegan, across from the courthouse.
Where is this office unit located?
The property is located at 415 Washington Street #004A Waukegan, IL.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: Premium office space in a sought‑after downtown Waukegan location, across from the Lake County Courthouse.; Ample parking with permit options for tenants and free visitor parking.; Recent major upgrades including a state‑of‑the‑art HVAC system, common area carpeting, atrium renovation, and comprehensive surveillance system.
