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    Waukegan, IL
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    Waukegan, IL Industrial Properties for Sale

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    6 properties
    Industrial Flex Building
    Updated: Aug 11
    Industrial Flex Building

    345 Lakewood Avenue, Waukegan, IL 60085

    Contact for pricing
    50,010 sqft 4.80 AC lot
    50,010 SF industrial flex building on 4.8 acres
    Approximately 6,000 SF of office build‑to‑suit space
    17'-24' clear height with 3 exterior docks
    2 drive‑in doors, with ability to expand to 3‑8 drive‑in doors
    1,200 Amps of power and wet system sprinklers
    View details
    Waukegan Warehouse with Outdoor Storage
    Updated: Feb 6
    Waukegan Warehouse with Outdoor Storage

    1445 11th St, Waukegan, IL 60085

    Contact for pricing
    82,500 sqft 4.12 AC lot
    Single‑tenant property leased to QXO, a major distributor of building products.
    New 10‑year triple‑net lease initiated in November 2025 with 3.0 percent annual escalations.
    Approximately 82,500 square feet of warehouse space on 4.12 acres.
    Benefit from 1.6 acres of fenced‑in industrial outdoor storage space (IOS).
    Features three dock‑high doors and two drive‑in doors.
    View details
    Air-Conditioned Manufacturing Building
    Air-Conditioned Manufacturing Building

    625 Public Service Rd, Waukegan, IL 60085

    Contact for pricing
    12,800 sqft

    Single-tenant facility with production rooms and dedicated office space.

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    See hot listings in Waukegan

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Industrial Distribution Center with Docks
    Industrial Distribution Center with Docks

    2451 N Delany Rd, Waukegan, IL 60087

    Contact for pricing
    218,500 sqft

    Divisible facility with heavy power, extensive parking, and direct access from a signalized entry.

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    Waukegan Warehouse with Flexible Workspace
    Waukegan Warehouse with Flexible Workspace

    651 S Martin Luther King Dr, Waukegan, IL

    Contact for pricing
    86,000 sqft 2.06 AC lot

    86,000 SF warehouse suitable for distribution, manufacturing, or storage.

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    Well-Located Multi-Unit Industrial Flex
    Well-Located Multi-Unit Industrial Flex

    4059-4081 Joseph Drive, Waukegan, IL 60087

    Contact for pricing
    1.42 AC lot

    Seven-unit industrial flex property on a 1.42-acre site, 100% leased and well maintained.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 6 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 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.

    Warehouse with Office and Docks
    Warehouse with Office and Docks

    3300 16th St, Zion, IL 60099

    Contact for pricing
    55,275 sqft

    Expandable warehouse space offers 24' clear height, exterior docks, a dedicated office area, and additional parking for growth.

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    Food-Grade Manufacturing Facility
    Food-Grade Manufacturing Facility

    3940 Porett Dr, Gurnee, IL 60031

    Contact for pricing
    29,990 sqft

    Food-grade production property with docks, lab and office space, floor drains, and trailer parking.

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    Secured Yard with Maintenance Facility
    Secured Yard with Maintenance Facility

    43421 N Green Bay Rd, Zion, IL

    Contact for pricing
    47.00 AC lot

    47-acre truck terminal with parking and service facility.

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    Gurnee Industrial Facility with Cranes
    Gurnee Industrial Facility with Cranes

    2180 Swanson Ct, Gurnee, IL 60031

    Contact for pricing
    17,285 sqft 3.34 AC lot

    Freestanding 17,285 SF industrial facility with outdoor storage.

    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 with INDUS Zoning
    Industrial Land with INDUS Zoning

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

    $139,900
    0.70 AC lot

    Industrial park parcel with HOA-maintained landscaping in common areas.

    View details
    Fenced-Yard Flex Space
    Fenced-Yard Flex Space

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

    $1,590,000
    1.82 AC lot

    Flex space with office, shop, and secured outdoor yard components.

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    Flex Space with Secure Yard
    Flex Space with Secure Yard

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

    $1,590,000
    1.82 AC lot

    Industrial improvements include office space, two shops, and a fenced outdoor storage area.

    View details
    Kenosha Land For Sale
    Kenosha Land For Sale

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

    Contact for pricing
    4.70 AC lot

    4.7 acres of land available in Kenosha, Wisconsin.

    View details

    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

    Estimated value: by Request
    2,220 sqft 9.34 AC lot
    View details
    1850 Norman Dr
    INDUSTRIAL (GENERAL)

    1850 Norman Dr, Waukegan, IL 60085-6702

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

    Ernie Krueger Cir, Waukegan, IL 60087

    Estimated value:
    $260,000
    1.24 AC lot
    View details
    3211 Oak Grv Ave
    WAREHOUSE, STORAGE

    3211 Oak Grv Ave, Waukegan, IL 60087-1827

    Estimated value: by Request
    1,394 sqft 5.85 AC lot
    View details
    1430 12th St
    WAREHOUSE, STORAGE

    1430 12th St, Waukegan, IL 60085

    Estimated value:
    $455,000
    5,600 sqft 0.82 AC lot
    View details
    1425 11th St
    WAREHOUSE, STORAGE

    1425 11th St, Waukegan, IL 60085

    Estimated value:
    $130,000
    25,500 sqft 0.59 AC lot
    View details
    3410 Sunset Ave
    INDUSTRIAL (GENERAL)

    3410 Sunset Ave, Waukegan, IL 60087-3218

    Estimated value:
    $455,000
    12,928 sqft 3.25 AC lot
    View details
    3380 Grand Ave
    MANUFACTURING (LIGHT)

    3380 Grand Ave, Waukegan, IL 60085-2206

    Estimated value:
    $695,000
    45,000 sqft 2.43 AC lot
    View details
    834 Gln Rock Ave
    MANUFACTURING (LIGHT)

    834 Gln Rock Ave, Waukegan, IL 60085-5437

    Estimated value:
    $850,000
    7,711 sqft 0.37 AC lot
    View details
    2217 Delany Rd
    WAREHOUSE, STORAGE

    2217 Delany Rd, Waukegan, IL 60087-1802

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

    1565 Shields Dr, Waukegan, IL 60085-8304

    Estimated value:
    $785,000
    24,900 sqft 1.81 AC lot
    View details
    701 Belvidere Rd
    WAREHOUSE, STORAGE

    701 Belvidere Rd, Waukegan, IL 60085-6309

    Estimated value:
    $205,000
    10,785 sqft 0.29 AC lot
    View details
    1307 Belvidere Rd
    WAREHOUSE, STORAGE

    1307 Belvidere Rd, Waukegan, IL 60085-6205

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

    3413 Washington St, Waukegan, IL 60085-4717

    Estimated value: by Request
    9,880 sqft 1.13 AC lot
    View details
    3530 Birchwood Dr
    INDUSTRIAL (GENERAL)

    3530 Birchwood Dr, Waukegan, IL 60085-8334

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

    3530 Birchwood Dr, Waukegan, IL 60085-8334

    Estimated value:
    $480,000
    4.57 AC lot
    View details
    800 Northpoint Blvd
    INDUSTRIAL (GENERAL)

    800 Northpoint Blvd, Waukegan, IL 60085-8211

    Estimated value:
    $495,000
    1,408 sqft 21.48 AC lot
    View details
    3045 Washington St
    WAREHOUSE, STORAGE

    3045 Washington St, Waukegan, IL 60085-4843

    Estimated value:
    $1,050,000
    5,760 sqft 1.48 AC lot
    View details

    Waukegan, IL Industrial Properties Market Trends and Statistics

    Explore 72 industrial properties for sale in Waukegan, IL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 449,810 square feet of properties for sale.

    List
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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Flex space 12
    Manufacturing properties 3
    Distribution centers 2

    Demographics Overview

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

    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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