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    1725 Lewis Ave Waukegan, IL 60085

    Sponsored
    For Lease
    $18 SF/Yr

    Prime Waukegan office space, flexible layouts.

    Lot size:
    22,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Waukegan, Illinois property at 1725 N Lewis Ave offers 22,500 square feet of office space available for lease. The building features two stories and is ideally suited for executive or traditional office uses. Two spaces are currently available, ranging from 1,000 to 2,500 square feet, offering flexibility for various business needs. The property boasts a highly desirable location in a high-traffic retail corridor, with over 22,000 vehicles passing daily. Situated at a traffic signal with 180 feet of frontage on Lewis Ave, this location provides excellent visibility and accessibility. Nearby businesses include U-Haul, AutoZone, and Cub Foods, ensuring high foot traffic and brand recognition. The building itself offers significant advantages, including a warehouse component with high clearance (24-foot ceilings), a drive-in door, three truck-level docks, and three three-ton floating hoists. A large 3-phase power capacity is also available. The property is zoned B2 and B3 general business, allowing for a variety of uses. Waukegan's commitment to future development, including plans for one million additional square feet of retail, hospitality, recreational, educational, and cultural facilities over the next two decades, further enhances the long-term investment potential of this property. This is a rare opportunity to secure prime office space in a thriving commercial area.

    Property Features for 1725 Lewis Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,500 SF
    Total Rate
    33750

    Unit(s) available at that property

    Space
    1st Floor
    Size
    2,500 SF
    Rate per SF
    $19
    Space
    1st Floor
    Size
    1,000 SF
    Rate per SF
    $18

    HighLights

    • 22,500 SF of office space available for lease in Waukegan, IL.
    • Two suites available, ranging from 1,000 to 2,500 SF.
    • High‑traffic location with over 22,000 vehicles passing daily, offering excellent visibility.
    • Includes warehouse component with 24' ceilings, drive‑in door, three docks, and three 3‑ton hoists.
    • B2 and B3 zoning allows for diverse uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial Lending Waukegan Business Broker Speedy Detail Car Wash Rrp Inc-Architects-Designers Architect

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8547022
    Latitude
    42.3840696

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Waukegan office space, flexible layouts.
    Where is this office property / space located?
    The property is located at 1725 Lewis Ave Waukegan, IL.
    What is the lease rate?
    The lease rate is $18-$19 SF/Yr.
    What are key features of this property?
    This property features: 22,500 SF of office space available for lease in Waukegan, IL.; Two suites available, ranging from 1,000 to 2,500 SF.; High-traffic location with over 22,000 vehicles passing daily, offering excellent visibility.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1725 Lewis Ave Waukegan, IL 60085
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