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Unfinished Flex Space
For Lease
$17.16 SF/Yr

415 Washington Street #006, Waukegan, IL 60085

Open-plan space supports office, studio, or professional configurations with build-to-suit flexibility.

Space Size7,868 SF
Days on Market135

Property Features for 415 Washington Street #006

General Information

Standard status Active
Size 7,868 SF
Net Rentable 7,868 SF

Space & Availability

Available Space 7,868 SF
Contiguous Space 7,868 SF
Space Use Flex
Condition Shell
Available From Immediate

Amenities

private parking lot
professional management

Building Details

Year Built 1940
Stories 2
Listing Agency: Citypoint Illinois LLC
Listed By: Steve Costello
Source: Cavanaghrealty
Added: Mar 31 Changed: Aug 10 Last Checked: Aug 11 at 1:57PM

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 006 at 415 Washington Street provides 7,868 square feet of unfinished flex space within the Waukegan Business Center. The open interior offers a blank starting point for an office, studio, or other professional configuration, with the layout adaptable to a business’s planned build-out.

The property includes access to a private parking lot and professional management. Immediate occupancy is available, providing a prompt path to begin planning the space. The building was constructed in 1940 and is located in Waukegan, Illinois.

Key Highlights

  • 7,868 SF of unfinished office/flex space
  • Open layout suitable for office, studio, or professional configurations
  • Build‑to‑suit opportunity for a customized interior

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
$2.57 /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

$15.23 /SF/Yr
Avg Asking Price
$13–$18 /SF/Yr
Price Range
6,622 SF
Avg Space Size

This space is priced 13% above the average of $15.23 /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
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Frequently Asked Questions

What type of property is this?
Flex space - Open-plan space supports office, studio, or professional configurations with build-to-suit flexibility.
Where is this flex space located?
The property is located at 415 Washington Street #006 Waukegan, IL.
What is the lease rate?
The lease rate is $17.16 SF/Yr.
What are key features of this property?
This property features: 7,868 SF of unfinished office/flex space; Open layout suitable for office, studio, or professional configurations; Build‑to‑suit opportunity for a customized interior
More about this property
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