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163 Commercial Real Estate Listings in Waukegan, IL

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Waukegan, IL Commercial Real Estate

There are currently 162 commercial listings available in Waukegan, IL. These listings include 65 commercial spaces that encompass a total of 1,603,769 square feet. Available commercial spaces in Waukegan, IL range in size from 240 square feet to 364,000 square feet. A total of 120 off-market commercial properties located in Waukegan, IL are also available for research.

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Waukegan, IL Commercial Inventory Breakdown

In 2023 the Waukegan, IL commercial real estate market totaled 682,273 square feet of office spaces, 1,285,107 square feet of office spaces with retail, and 13,063,972 square feet of industrial space.

Office Spaces

Total: 682,273 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 319,092 SqFt 46.77% of total office
100k to 500k SqFt 363,181 SqFt 53.23% of total office
By class:
Class A 131,341 SqFt 19.25% of total office
Class B 487,866 SqFt 71.51% of total office
Class C 63,066 SqFt 9.24% of total office


Class A office space holds a 19.25% share of the overall Waukegan, IL office market, while Class B office assets make up approximately 71.51%.

Industrial

Total: 13,063,972 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 1,772,716 SqFt 13.57% of total industrial
100k to 500k SqFt 9,072,238 SqFt 69.44% of total industrial
500k to 1M SqFt 2,219,018 SqFt 16.99% of total industrial
By class:
Class A 8,207,055 SqFt 62.82% of total industrial
Class B 4,392,521 SqFt 33.62% of total industrial
Class C 464,396 SqFt 3.55% of total industrial
There are 9,072,238 square feet of commercial real estate properties between 100k to 500k square feet, representing 69.44% of the Waukegan, IL industrial inventory. Class A assets total 8,207,055 square feet of industrial space, with an additional 4,392,521 square feet of Class B and 464,396 square feet of Class C properties.

Office Spaces with Retail

Total: 1,285,107 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 625,347 SqFt 48.66% of total office with retail
100k to 500k SqFt 659,760 SqFt 51.34% of total office with retail

Waukegan, IL Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Waukegan, IL Office 7 23,000
Waukegan, IL Retail 8 534,879
Waukegan, IL Industrial 24 1,045,890
Waukegan, IL Other 43 1,603,769
Ofice Icon

7

Office

Industrial Icon

24

Industrial

Retail Icon

8

Retail

Current local active listing encompass 3,207,538 square feet of commercial space for lease in Waukegan. There are 7 active office listings, which amount to 23,000 square feet and account for 8% of commercial spaces on the market. Local retail availability includes 534,879 square feet across 8 listings. Current industrial offerings on the market amount to 1,045,890 square feet across a total of 24.

Employment in Waukegan, IL

Employed Population 40,509

Employed population - Industry % Distribution

Production, transportation, and material moving occupations

27%

Management, business, science, and arts occupations

24%

Service occupations

21%

Sales and office occupations

19%

Natural resources, construction, and maintenance occupations

8%

In 2021, roughly 27% of a total of 40,509 employed in Waukegan worked in Production, transportation, and material moving occupations, followed by 24% in Management, business, science, and arts occupations and 21% in Service occupations.

Income per capita $23,735  Median household income $54,030

Household income

47%

Under $50k

31%

$50k - $100k

19%

$100k - $200k

3%

Over $200k

The median household income in Waukegan stands at $54,030, with per capita income at $23,735. Households earning between $50k and $100k represent 31% of the total, while those earning over $200k make up 3%. Approximately 47% of Waukegan households earn less than $50k per year.

Commuting in Waukegan, IL

Mean travel time to work 27 minutes

Means of transportation to work

78.30%

Driving alone

15.40%

Carpool

4.20%

Public transit

0.10%

Bicycle

0.30%

Walking

0.60%

Other

1.20%

Work at Home

*Universe: Workers 16 and over

The mean travel time to work in Waukegan in 2021 was 27 minutes. Around 78.30% of workers commute by Driving alone, 15.40% Carpool and 4.20% by Public transit.

Education in Waukegan, IL

High school grad or higher 78%

Bachelor's degree or higher 18%

Population by minimum level of education

22%

No degree

28%

High school

33%

Some College

11%

Bachelor's

6%

Post-grad

*Universe: Workers 25 and over

An estimated 78% of Waukegan residents aged 25 or over hold a high school degree or higher. Of those, 28% are high school graduates, 33% attended some college, 11% earned a bachelor's degree, with an additional 6% holding post-graduate degrees.

Waukegan, IL Demographics

As of 2021, Waukegan had a total population of 86,262, with a median age of 32.80 years. Roughly 67.40% of the total population was between the ages of 16 and 64 years old.

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