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ITECH@AMHURST 1507-1551 S Waukegan Rd 58,716 SF 52% Leased Office Building Waukegan, IL 60085 For Sale

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INVESTMENT HIGHLIGHTS

  • Nestled in the heart of abundant transportation, educated labor and stable taxes
  • Limited office availability makes ITECH the ideal choice for tenants
  • High demand for single-story office creates a huge advantage to attract tenancy

EXECUTIVE SUMMARY

The Colliers | Chicago Office Capital Markets Team as the exclusive agent for the Owner is pleased to present this investment sale opportunity for ITECH at Amhurst, a 58,716 square foot single-story office building, located at 1507-1551 S. Waukegan Road in Waukegan, Illinois. The Property is currently 52% leased, with the in-place leases offering an investor stabilized cash flow with a Weighted Average Lease Term (WALT) of 5.4 years. The building is located on 7+ acres and offers an above market parking ratio of 6.2/1000 square feet. Given its flexibility to accommodate office, light industrial and lab space, the Property has been a go to location for tenants seeking a convenient location to serve both its office and R&D requirements.
I-Tech at Amhurst is located within the 432-acre commercial development known as Amhurst Lake Business Park located in Waukegan, Illinois. This business park is known for providing a range of industrial and office spaces suitable for various types of businesses. Its location offers convenient access to key transportation routes, such as I-94 and Route 120, Route 137, Route 41 and Waukegan Road making it an ideal spot for companies needing good logistical connections. The area has a mix of light industrial, office, and research-and-development spaces.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
58,716 SF
Building Class
B
Year Built
2001
Percent Leased
52%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
58,356 SF
Slab To Slab
12’
Building FAR
0.19
Lot Size
7.06 AC
Zoning
R/LI
Parking
374 Spaces (6.37 Spaces per 1,000 SF Leased)

AMENITIES

  • Day Care
  • Property Manager on Site
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Administrative and Support Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

The XCEL Group is a dynamic full service staffing agency based in Waukegan, Illinois. Founded by industry experts, with over 75 years of collective experience, we came together with a passion and desire to transform the staffing industry both from the customer and employee perspective. Our company's mission and vision is to be the standard by which all others in the industry are measured. XCEL’s mission is to help pair excellent people and businesses with life-changing employment opportunities. We wholeheartedly believe that putting people first makes the world a better place. We believe that we are better together. Clients and candidates exist in mutually beneficial relationships over time. We believe business is the robust route to provide for individuals and families. We believe sharing our knowledge and expertise leads to stronger relationships and better businesses.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Administrative and Support Services - - Lorem Ipsum Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 1507
  • 24,237 SF
  • Office
  • Partial Build-Out
  • Now

Class A single story office available for lease. 6.0 per 1,000 parking ratio. Tenant controlled HVAC. Low Lake County taxes. Prime location along Waukegan Road, minutes from I-94. Efficient single story design. Waukegan Road signage opportunities available. Located in prestigious Amhurst Lake Business Park.

  • 1st Fl-Ste 1539
  • 3,931 SF
  • Office
  • Partial Build-Out
  • Now

Class A single story office available for lease. 6.0 per 1,000 parking ratio. Tenant controlled HVAC. Low Lake County taxes. Prime location along Waukegan Road, minutes from I-94. Efficient single story design. Waukegan Road signage opportunities available. Located in prestigious Amhurst Lake Business Park.

Space Size Space Use Condition Available
1st Fl-Ste 1507 24,237 SF Office Partial Build-Out Now
1st Fl-Ste 1539 3,931 SF Office Partial Build-Out Now

1st Fl-Ste 1507

Size
24,237 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 1539

Size
3,931 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 1507

Size 24,237 SF
Space Use Office
Condition Partial Build-Out
Available Now

Class A single story office available for lease. 6.0 per 1,000 parking ratio. Tenant controlled HVAC. Low Lake County taxes. Prime location along Waukegan Road, minutes from I-94. Efficient single story design. Waukegan Road signage opportunities available. Located in prestigious Amhurst Lake Business Park.

1st Fl-Ste 1539

Size 3,931 SF
Space Use Office
Condition Partial Build-Out
Available Now

Class A single story office available for lease. 6.0 per 1,000 parking ratio. Tenant controlled HVAC. Low Lake County taxes. Prime location along Waukegan Road, minutes from I-94. Efficient single story design. Waukegan Road signage opportunities available. Located in prestigious Amhurst Lake Business Park.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-36-404-033
Land Assessment
$304,583
Improvements Assessment
$290,742
Total Assessment
$595,325
  • Listing ID: 34935972

  • Date on Market: 2/25/2025

  • Last Updated:

  • Address: 1507-1551 S Waukegan Rd, Waukegan, IL 60085

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