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Waukegan Business Center

415 Washington Street, Waukegan, IL 60085

  • For Sale 3,000,000
  • Property Type Office - Office Building
  • Property Size 75,998 SF
  • Lot Size 2.61 Acre
  • Parking Spaces Avail. 177
  • Parking Ratio 2.33/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1940
  • Year Renovated 2016
  • Date Updated Mar 27, 2019
  • Construction Type Steel & Concrete

The Property consists of a two-story, plus functional lower level with atrium, multi-tenant office building totaling 75,998 square feet in downtown Waukegan that is approximately 54.4% leased. Waukegan Business Center is a value-add offering that allows investors the opportunity to purchase an asset well below replacement cost that benefits from cash flow from current tenants and still has tremendous upside with the amount of available units, many of which can be leased with new paint and carpet.

 

Waukegan Business Center is located in the heart of the downtown district one block from the original Lake County Courthouse, a half block from the new courthouse expansion and within walking distance to numerous restaurants and the Metra Station. Waukegan Harbor draws visitors from around the area for its festivals and easy access for boaters. The nearby Genesee Theater hosts a wide range of shows including national touring acts and performers. A new Dunkin Donuts was built across the street from the Property and highlights the growth and appeal of the downtown area to national retailers.

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Location

  • Walk Score ® Very Walkable (84)
  • Transit Score ® Some Transit (46)
  • Bike Score ® Somewhat Bikeable (47)
Powered by Walk Score ®
  • City Waukegan, IL
  • Zip Code 60085
  • Market Suburban Chicago

Points of Interest

Waukegan

0.34 miles

North Chicago

2.14 miles

Great Lakes

3.67 miles

County Fair Station

4.95 miles

County Fair Station

4.96 miles

Scenic Railway (Hometown Station)

5.17 miles

Hometown Square Station

5.18 miles

Lake Bluff

5.53 miles

Zion

6.28 miles

Lake Forest

7.39 miles

Citgo

1.63 miles

Marathon

1.74 miles

Amoco

1.76 miles

BP

2.10 miles

Speedway

2.15 miles

Thorntons

2.46 miles

Shell

2.46 miles

Amoco

2.51 miles

Speedway

3.02 miles

Murphy USA

3.31 miles

City of Waukegan Parking Garage

0.15 miles

Lot K

0.37 miles

North Chicago Metra Station Parking

2.10 miles

LOT Q Staff Lot

3.66 miles

Metra Great Lakes Parking

3.73 miles

LOT T Staff and Visitor Parking

3.73 miles

LOT A Staff and Patient Parking

3.75 miles

LOT R Staff Only Parking

3.76 miles

Staff Only Parking

3.76 miles

LOT B Staff and Patient Parking

3.78 miles

Enterprise

1.87 miles

Speedy Car Wash

2.21 miles

Enterprise

5.26 miles

Spotless

5.52 miles

Clean Getaway Hand Car Wash

5.70 miles

Shell

6.27 miles

The Magic of Detailing

6.70 miles

Shell

7.26 miles

BP

7.62 miles

Anna's Car Wash

7.63 miles

Dunkin'

0.06 miles

Big Ed's Bar & Grill

0.18 miles

Greentown Tavern

0.18 miles

McDonald's

0.40 miles

Papa Marcos Grill And Kabob

0.41 miles

Waukegan Yacht Club

0.58 miles

Honey Bay's BBQ

1.14 miles

Tamaleria & Restaurant Isabel

1.30 miles

Bob & Anne's

1.74 miles

Quonset

1.77 miles

Save-A-Lot

1.26 miles

Carniceria y Fruteria el Mexicano

1.83 miles

Lewis Produce Market

1.90 miles

Lewis Produce Market

1.93 miles

Navy Exchange

2.70 miles

Jewel-Osco

2.71 miles

Walmart Supercenter

3.41 miles

ALDI

3.41 miles

Target

3.55 miles

Great Lakes Commissary

3.57 miles

Lake County Sheriff's Office

0.08 miles

Waukegan Police Department

0.14 miles

Waukegan Fire Station Number 2

0.67 miles

CVS Pharmacy

1.12 miles

Walgreens

1.22 miles

Vista Medical Center East

1.36 miles

Vista Medical Center West

1.66 miles

Waukegan Fire Station #3

1.93 miles

CVS Pharmacy

2.05 miles

North Central Community Health Center

2.16 miles

Contacts

broker

John Homsher

Podolsky Circle CORFAC International

Principal

(847) 444-5715

broker

Alissa Adler

Podolsky Circle CORFAC International

Managing Principal/Managing Broker

(847) 444-5770

broker

Paul Tesdal

Podolsky Circle CORFAC International

Senior Vice President

(847) 444-5757

Highlights

  • Approximately 54.4% leased
  • Appeal to multiple office users
  • Easy access to public transportation
  • $110 million expansion by end of 2018

Frequently Asked Questions

What is the total size of Waukegan Business Center?

Waukegan Business Center has a total of 75,998 square feet.

What is the year built for Waukegan Business Center?

The year built for Waukegan Business Center is 1940.

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