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1507-1551 S Waukegan Rd
Waukegan, IL 60085
ITECH@AMHURST · Office Property For Sale
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.
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 Under Contract
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
Property Taxes
| Parcel Number | 07-36-404-033 | Improvements Assessment | $415,296 CAD |
| Land Assessment | $435,067 CAD | Total Assessment | $850,362 CAD |
Property Taxes
Parcel Number
07-36-404-033
Land Assessment
$435,067 CAD
Improvements Assessment
$415,296 CAD
Total Assessment
$850,362 CAD
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