Lake County Outside Storage and Truck Parking — Sale in Waukegan, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Waukegan, IL 60085
  • Year built: 1960

Photos

Lake County Outside Storage and Truck Parking — Sale in Waukegan, IL, photo 1 of 2
Lake County Outside Storage and Truck Parking — Sale in Waukegan, IL, photo 2 of 2

Investment Figures

Cap rate
1.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

For sale is an 8,800-square-foot industrial shop and office space situated on 3.02 acres of land. The building features two buildings with a 17-foot clear height, allowing for ample storage and working space. One 14-foot grade-level door facilitates easy access for large equipment and materials. The property also includes approximately 2.75 acres of fenced-in industrial outside storage space, ideal for storing equipment, vehicles, or materials. The proximity to Interstate 94 provides convenient access to major transportation routes. This location is beneficial for businesses that require easy shipping and receiving. Available for owner use is a 6,700-square-foot warehouse space with ample industrial outdoor storage. The 1,800-square-foot office space is currently leased until October 2028, providing a steady income stream. An office trailer space is also leased every month, adding to the property's revenue potential. The combination of leased and vacant spaces creates a unique investment opportunity to lease up the property. The property's layout and features make it an attractive option for businesses seeking a versatile industrial space. Investment Highlights: • Partially Occupied 8,800-Square-Foot Industrial Property Situated on 3.02 Acres • Featuring Two Units, 17' Clear-Height, One 14' Grade-Level Door, ±2.75 Acres of Fenced-In IOS, and Proximity to I-94 • Vacant 6,700-Square-Foot Warehouse Space with IOS for Owner Use or Lease-Up Investment Opportunity • 1,800-Square-Foot Office Space Leased Until October 2028 | Office Trailer Space Leased on Monthly Basis

Market Context

This industrial in Waukegan, IL is listed for sale. It is offered at an approximate 1.0% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1960. Compare it against other industrial listings for sale in Waukegan, IL — view the full market.

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