For Lease
$5,400-$55,200 /SF/YR

416 Washington St Waukegan, IL 60085

Downtown Waukegan Office Space Available

Overview

Added:
Dec 11, 2024
Days on market:
132
The Waukegan Business Center, a premier downtown Waukegan office building, offers multiple executive office suites ranging from 800 to 3,564 square feet. This 76,797 square foot building, the largest in downtown Waukegan, boasts a modern design and a prime location near the newly expanded $110 million Lake County Courthouse. Its strong tenant base, primarily comprised of legal practices and government agencies, reflects its resilience and success, with occupancy increasing from 70% in 2020 to 86% in 2024. This growth is a testament to the building's desirability and strategic location. Recent significant capital improvements totaling over $800,000 have enhanced the property, including upgrades to the HVAC and control systems, installation of a cutting-edge surveillance and security system, and a revitalized central courtyard. These improvements, along with aesthetic enhancements to common areas and the building's exterior, contribute to a high-quality and attractive office environment. Three spaces are currently available, providing an excellent opportunity for businesses seeking a modern, well-maintained, and strategically located office space in the heart of Waukegan's business district. The building is located in Lake County.

Highlights

  • Executive Office Suites Available in Waukegan, IL.
  • Three office spaces available, ranging from 800 to 3,564 square feet.
  • Located in the Waukegan Business Center, the largest office building in downtown Waukegan (76,797 rentable square feet).
  • Strong occupancy rate (86% in 2024), driven by proximity to the new Lake County Courthouse.
  • Recently renovated with over $800,000 in improvements, including HVAC upgrades, a new security system, and courtyard enhancements.

Property Details for 416 Washington St

Property type
Office properties
RSF (Rentable sq. ft)
1,940 SF

Unit(s) available at that property

Space
008
Size
800 SF
Rate per SF
$5,400
Space
214
Size
0 SF
Rate per SF
$55,200
Space
004A
Size
1,140 SF
Rate per SF
$14,400

Location Insight

City
Waukegan
County
Lake
State
Illinois
Latitude
42.359617400135
Longitude
-87.834739049984

FAQs

What type of property is this?
Office property - Downtown Waukegan Office Space Available
Where is the office property located?
The property is located at 416 Washington St Waukegan, IL.
What is the lease rate?
The lease rate is $5,400-$55,200 /SF/YR.
What are key features of this property?
This property features: Executive Office Suites Available in Waukegan, IL.; Three office spaces available, ranging from 800 to 3,564 square feet.; Located in the Waukegan Business Center, the largest office building in downtown Waukegan (76,797 rentable square feet).
How can I contact the broker?
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416 Washington St
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