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415 Washington Street, Waukegan, IL 60085

415 Washington Street, Waukegan, IL 60085
The Waukegan Business Center is the premier office building in downtown Waukegan. Contrarian to much of the office market, WBC has strengthened throughout the pandemic with occupancy rising from 70% at the beginning of 2020 to 86% in 2024. This is, in part, due to its proximity to the new and expanded $110M Lake County Courthouse with numerous legal practices and government agencies making up the bulk of WBC's tenant base. The 76,797 SF rentable footprint make it the largest office building in downtown Waukegan and also one of the most modern. In the past 4 years alone, current ownership has invested over $800K, into the property upgrading the HVAC and controls system, installing a state-of-the-art surveillance and security system, repurposing the central courtyard area and a number of other aesthetic improvements within the common areas and exterior of the building. The building is a cash-flowing machine with an NOI of $640k+ / year and presents the opportunity to raise income even higher by filling vacant space, raising some tenants to market rent and monetizing parking and signage opportunities.
Sqft84000
Year Built1950

Porperty Highlights

  • Property Size 84000 Sqft
  • Property ID 12001237
  • Property Status Canceled
  • Year Built 1950
  • Garage Size x x
  • Property Type Office, Commercial Sale
  • Cooling Central Air
  • County Lake
  • Property Type Commercial Sale
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Property Features

Luxury Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

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gallery

Video Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

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Floor Plans

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Frequently Asked Questions

We provide personalized consultation for purchasing luxury properties, including custom property searches, negotiation assistance, and support throughout the entire acquisition process, including connections with industry professionals such as lawyers and notaries.

You can contact us directly through our contact form or by phone to schedule an appointment with one of our experts. We will evaluate your property and create a customized marketing strategy to ensure you get the best possible return.

Yes, we offer comprehensive property management services for luxury homes, including maintenance, rental management, and oversight of daily operations to ensure your investment is always in top condition.

Purchasing a property in these areas means investing in some of the most prestigious and sought-after locations, offering a unique blend of luxury, security, and high quality of life. These areas are known for their natural beauty, exclusive amenities, and strong property value retention.

Absolutely. We offer detailed and personalized virtual tours for every property, allowing you to explore homes from anywhere in the world. Contact us to schedule a virtual tour appointment.

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Inquiry For This Property

415 Washington Street, Waukegan, IL 60085

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