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Downtown Waukegan Flexible Office Space
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1400 Sunset Ave, Waukegan, IL 60087

Flexible office space in downtown Waukegan near shops and restaurants.

Space SizeContact for details
Property Size2,000 SF
Days on Market756

Property Features for 1400 Sunset Ave

General Information

Standard status Active
Size 2,000 SF
Property subtype Office
Lease Type Gross

Building Details

Building Size 2,000 SF
Year Built 1969
Tenancy Single

Spaces For Lease

at 1400 Sunset Ave Contact us

Available Space

Type
Office
Lease Type
Gross
Availability
Active
Contact us
Listing Agency: Real Broker LLC IL
Listed By: Robert Satten · License #475.101369
Source: Crexi
Added: Jul 15, 2024 Changed: Aug 8 Last Checked: Aug 8 at 4:29AM

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 Real Broker LLC IL

Investment Insights

Based on property information with market context.

Located in downtown Waukegan, this property offers flexible office spaces of 1,000 or 2,000 square feet. The location is surrounded by shops, restaurants, and local businesses. The area is known for its arts scene, with galleries, theaters, and live music venues nearby. The downtown area is undergoing revitalization, presenting potential for growth and development.

Key Highlights

  • Prime downtown Waukegan location.
  • Flexible office space options: Choose between 1,000 or 2,000 SF.
  • Surrounded by shops, restaurants, and local businesses.

Property Analytics

Current Use

Kaiser North Shore ... Insurance Agency Tax Solutions Financial Advisor Wheel Power Transportation ... Trucking Company Paul W Kaiser ... Insurance Agency Fast Tax Solutions Accounting Firm

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply HVAC Service Parking Lot & Garage Gym & Fitness Center

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
$2.85 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

296
Businesses Nearby

Demographics for 60087, IL

28,207
Population
10,047
Households
2.8
Avg Household Size
36
Median Age
18%
College-Educated
77%
High-School Grad
13.0 sq mi
ZIP Area
2,170
Density / Sq Mi
$79,162
Median Household Income
$38,929
Median Earnings
$1,294
Median Rent
$185,800
Median Home Value

Market

Lease Benchmarks for Waukegan, IL

$15.77 /SF/Yr
Avg Asking Price
$9–$29 /SF/Yr
Price Range
3,931 SF
Avg Space Size

This space is priced 20% above the average of $15.77 /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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Flexible office space in downtown Waukegan near shops and restaurants.
Where is this office units located?
The property is located at 1400 Sunset Ave Waukegan, IL.
What is the lease rate?
The lease rate is $19 SF/Yr.
What are key features of this property?
This property features: Prime downtown Waukegan location.; Flexible office space options: Choose between 1,000 or 2,000 SF.; Surrounded by shops, restaurants, and local businesses.
(847) 445-7325 Call to check price and availability
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