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Waukegan Office/Flex Space Available
For Lease
$13 SF/Yr

415 Washington Street #005, Waukegan, IL 60085

1,751 SF office/flex space ready to be tailored.

Space SizeContact for details
Days on Market153

Property Features for 415 Washington Street #005

General Information

Standard status Active
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 27 Last Checked: Aug 29 at 6:11AM

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 005 at 415 Washington Street offers 1,751 square feet of unfinished office or flex space. The open layout is suitable for a small office, studio, or professional user seeking a build-to-suit opportunity. The space can accommodate various configurations and uses. Located within the Waukegan Business Center, tenants have access to a private parking lot, professional management, and a central location. Immediate occupancy is available.

Key Highlights

  • 1,751 SF of Unfinished Office/Flex Space: a customizable area.
  • Build‑to‑Suit Opportunity: design the space to your exact specifications.
  • Open Layout: providing flexibility for different 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
$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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - 1,751 SF office/flex space ready to be tailored.
Where is this flex space located?
The property is located at 415 Washington Street #005 Waukegan, IL.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: 1,751 SF of Unfinished Office/Flex Space: a customizable area.; Build‑to‑Suit Opportunity: design the space to your exact specifications.; Open Layout: providing flexibility for different configurations.
More about this property
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