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Waukegan Business Center Office Space
For Lease
$15 SF/Yr
Pending

415 Washington Street #124, Waukegan, IL 60085

450 SF office space in Waukegan Business Center.

Space SizeContact for details
Days on Market153

Property Features for 415 Washington Street #124

General Information

Standard status Pending
Property subtype Commercial

Amenities

Central air
Central Air Cooling

Building Details

Year Built 1940
Listing Agency: CITYPOINT ILLINOIS LLC
Listed By: STEVE COSTELLO
Source: Corcoran
Added: Mar 31 Changed: Aug 8 Last Checked: Jul 23 at 9:26AM

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 124 at 415 Washington Street offers 450 square feet of finished office space. The open layout is suitable for a small office, studio, or professional user. The space can accommodate a variety of configurations and uses. Located within the Waukegan Business Center, tenants have access to a private parking lot and professional management. The property has a convenient central location. Immediate occupancy is available.

Key Highlights

  • Affordable build‑to‑suit office space.
  • 450 SF of finished space ready to be tailored.
  • Open layout suitable for various configurations.

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
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,207
Businesses Nearby

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

$13.75 /SF/Yr
Avg Asking Price
$9–$18 /SF/Yr
Price Range
1,879 SF
Avg Space Size

This space is priced 9% above the average of $13.75 /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
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Frequently Asked Questions

What type of property is this?
Office units - 450 SF office space in Waukegan Business Center.
Where is this office units located?
The property is located at 415 Washington Street #124 Waukegan, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Affordable build‑to‑suit office space.; 450 SF of finished space ready to be tailored.; Open layout suitable for various configurations.
More about this property
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