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    Waukegan, IL Industrial Properties for Sale

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    North Chicago, IL Park City, IL Gurnee, IL
    8 properties
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    Waukegan Warehouse with Flexible Workspace
    Updated: Sep 19, 2025
    Waukegan Warehouse with Flexible Workspace

    651 S Martin Luther King Dr, Waukegan, IL

    $1,999,000
    86,000 sqft · 2.06 AC lot
    86,000 SF warehouse space suitable for distribution, manufacturing, or storage.
    Flexible workspace with open office areas and conference/meeting rooms.
    Ample parking with 240 vehicle spaces.
    Significant power supply: 1,600 AMPs, 480 Volts, 3 & 4 phase.
    Features 3 loading docks and 1 drive‑in door.
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    Waukegan Warehouse with Fenced Storage
    Updated: Mar 31
    Waukegan Warehouse with Fenced Storage

    1445 11th St, Waukegan, IL 60085

    $4,050,000
    82,500 sqft
    Single‑tenant net lease to QXO, a major publicly traded distributor, providing stable income.
    New 10‑year lease initiated in November 2025 with 3.0% annual rent escalations.
    Located in the strong North Lake County industrial submarket with low vacancy rate (5.7%) and rent growth (4.2%).
    Features 82,500 square feet of warehouse space on 4.12 acres, including 1.6 acres of fenced‑in industrial outdoor storage (IOS).
    Convenient location between Illinois Routes 131 and 137, near Great Lakes Naval Station and Interstate 94.
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    89,000 SF Warehouse with Offices
    89,000 SF Warehouse with Offices

    651 S Martin Luther King Jr Avenue, Waukegan, IL 60085

    $1,900,000
    89,000 sqft

    Versatile warehouse with ample parking and office space for sale.

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    Warehouse with Office Build-Out
    Warehouse with Office Build-Out

    3720 Hawthorne Court, Waukegan, IL 60087

    $850,000
    8,800 sqft

    Combined warehouse and office layout with 14-foot ceilings and multiple overhead doors for flexible loading and operations.

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    Waukegan Warehouse with Outdoor Storage
    Waukegan Warehouse with Outdoor Storage

    1445 11th St, Waukegan, IL 60085

    $4,050,000
    82,500 sqft

    82,500 SF warehouse on 4.12 acres with fenced storage.

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    Waukegan Industrial Space Available
    Waukegan Industrial Space Available

    2451 N Delany Rd, Waukegan, IL

    Contact for pricing
    218,500 sqft · 10.45 AC lot

    Divisible 218,500 SF industrial space with immediate occupancy.

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    Flex Units with Loading Docks
    Flex Units with Loading Docks

    1580-1598 S Lakeside Dr, Waukegan, IL

    Contact for pricing
    59,250 sqft · 4.68 AC lot

    Flex space with loading docks in Amhurst Lake Business Park.

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    Flex Space in Amhurst Lake
    Flex Space in Amhurst Lake

    1501-1531 White Oak Dr, Waukegan, IL

    Contact for pricing
    40,504 sqft · 3.90 AC lot

    Flex space in Amhurst Lake Business Park for sale.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 8 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Fully Occupied Industrial Asset
    Fully Occupied Industrial Asset

    28101 Ballard Dr, Lake Forest, IL 60045

    $3,425,000
    32,003 sqft · 1.87 AC lot

    32,003 SF industrial property in Lake Forest, Illinois.

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    Gurnee Industrial Property on 15 Acres
    Gurnee Industrial Property on 15 Acres

    3535 Washington St, Gurnee, IL 60031

    $8,000,000
    42,245 sqft

    42,245 SF industrial property on 15.18 acres for sale.

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    Gurnee Industrial Property on 15 Acres
    Gurnee Industrial Property on 15 Acres

    3535 Washington St, Gurnee, IL 60031

    $8,000,000
    42,245 sqft

    42,245 SF industrial property on 15 acres for sale.

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    Lake Forest Industrial NNN Property
    Lake Forest Industrial NNN Property

    27825 Irma Lee Cir, Lake Forest, IL 60045

    $1,736,410
    15,315 sqft

    Single-tenant, net-leased industrial building in Lake Forest, Illinois.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Industrial Land in Thriving Park
    Industrial Land in Thriving Park

    Park Avenue lot: #22, Lake Villa, IL 60046

    $139,900
    0.70 AC lot

    Commercial land suitable for new business venture in Lake Villa.

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    Commercial Property on Milwaukee Avenue
    Commercial Property on Milwaukee Avenue

    35220 N Il Route 83, Round Lake Beach, IL 60073

    $1,800,000
    2,588 sqft · 1.82 AC lot

    Prime commercial property with frontage on Milwaukee Ave in Illinois.

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    Commercial Property on Milwaukee Avenue
    Commercial Property on Milwaukee Avenue

    35220 N Il Route 83, Round Lake Beach, IL 60073

    $1,800,000
    2,588 sqft · 1.82 AC lot

    Prime location with frontage on Milwaukee Ave in Round Lake Beach.

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    Kenosha Land For Sale
    Kenosha Land For Sale

    NEC OF 88th Avenue & 60th Street, Kenosha, WI 53144

    $1,250,000
    4.70 AC lot

    4.7 acres of land available in Kenosha, Wisconsin.

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    Off-Market Properties in Waukegan, IL

    Consider similar Off-Market properties in Waukegan, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3800 Sunset Ave
    WAREHOUSE, STORAGE

    3800 Sunset Ave, Waukegan, IL 60087-3258

    Value Estimation by Request
    2,220 sqft · 9.34 AC lot
    View details
    1850 Norman Dr
    INDUSTRIAL (GENERAL)

    1850 Norman Dr, Waukegan, IL 60085-6702

    $13,800,000
    Estimated value
    5.62 AC lot
    View details
    Ernie Krueger Cir
    INDUSTRIAL (GENERAL)

    Ernie Krueger Cir, Waukegan, IL 60087

    Value Estimation by Request
    1.24 AC lot
    View details
    3211 Oak Grv Ave
    WAREHOUSE, STORAGE

    3211 Oak Grv Ave, Waukegan, IL 60087-1827

    Value Estimation by Request
    1,394 sqft · 5.85 AC lot
    View details
    1430 12th St
    WAREHOUSE, STORAGE

    1430 12th St, Waukegan, IL 60085

    Value Estimation by Request
    5,600 sqft · 0.82 AC lot
    View details
    1425 11th St
    WAREHOUSE, STORAGE

    1425 11th St, Waukegan, IL 60085

    Value Estimation by Request
    25,500 sqft · 0.59 AC lot
    View details
    3410 Sunset Ave
    INDUSTRIAL (GENERAL)

    3410 Sunset Ave, Waukegan, IL 60087-3218

    $840,000
    Estimated value
    12,928 sqft · 3.25 AC lot
    View details
    3380 Grand Ave
    MANUFACTURING (LIGHT)

    3380 Grand Ave, Waukegan, IL 60085-2206

    $1,985,000
    Estimated value
    45,000 sqft · 2.43 AC lot
    View details
    834 Gln Rock Ave
    MANUFACTURING (LIGHT)

    834 Gln Rock Ave, Waukegan, IL 60085-5437

    $505,000
    Estimated value
    7,711 sqft · 0.37 AC lot
    View details
    2217 Delany Rd
    WAREHOUSE, STORAGE

    2217 Delany Rd, Waukegan, IL 60087-1802

    $1,000,000
    Estimated value
    14,400 sqft · 1.77 AC lot
    View details
    1565 Shields Dr
    WAREHOUSE, STORAGE

    1565 Shields Dr, Waukegan, IL 60085-8304

    Value Estimation by Request
    24,900 sqft · 1.81 AC lot
    View details
    701 Belvidere Rd
    WAREHOUSE, STORAGE

    701 Belvidere Rd, Waukegan, IL 60085-6309

    Value Estimation by Request
    10,785 sqft · 0.29 AC lot
    View details
    1307 Belvidere Rd
    WAREHOUSE, STORAGE

    1307 Belvidere Rd, Waukegan, IL 60085-6205

    $1,650,000
    Estimated value
    21,240 sqft · 3.11 AC lot
    View details
    3413 Washington St
    WAREHOUSE, STORAGE

    3413 Washington St, Waukegan, IL 60085-4717

    Value Estimation by Request
    9,880 sqft · 1.13 AC lot
    View details
    3530 Birchwood Dr
    INDUSTRIAL (GENERAL)

    3530 Birchwood Dr, Waukegan, IL 60085-8334

    $16,600,000
    Estimated value
    2.25 AC lot
    View details
    3530 Birchwood Dr
    INDUSTRIAL (GENERAL)

    3530 Birchwood Dr, Waukegan, IL 60085-8334

    Value Estimation by Request
    4.57 AC lot
    View details

    Waukegan, IL Industrial Properties Market Trends and Statistics

    Explore 72 industrial properties for sale in Waukegan, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 348,800 square feet of properties for sale, with an estimated market value of $12,849,000.

    Sale prices for industrial buildings in Waukegan, IL start at $850,000, averaging $2,569,800, and reaching up to $4,050,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Flex space 11
    Distribution centers 1
    Manufacturing properties 1

    Demographics Overview

    Population 100K
    Population Growth (5Y) +2.8%
    Median Household Income $68,390
    College Educated 16.7%

    High-Yield Neighborhoods for Investment

    Identify Waukegan submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60085 $3.3M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Waukegan fall within the 25,000 to 50,000 square foot range.

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    Most Searched ZIP Codes in Waukegan, IL

    • 60085
    • 60087

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