1445 11th St Waukegan, IL 60085
82,500 SF warehouse with 1.6 acres fenced storage.
Type:Warehouse
Property size:
82,500 SFLot size:
4.12 AcresPrice / SF:
$49/SF- Added:
- Mar 31, 2026
- Days on Market:
- 23
- Last Refresh:
- Mar 31 at 4:31 am
Property Features for 1445 11th St
General Information
- Standard status
- Active
- Size
- 82,500 SF
- Lot size
- 4.12 Acres
- Property subtype
- Warehouse
Building Details
- Year Built
- 1953
Listing agent Alexander Zlotnik License #IL: 475212760 (312) 327-5499
Listing office Chicago Downtown Office (312) 327-5499
Listing date Mar 31, 2026
Source Marcusmillichap
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All listing content including descriptions, pricing, images are the copyrighted material of Chicago Downtown Office
Overview
Waukegan Warehouse with Fenced Storage
The property at 1445 11th Street in Waukegan, Illinois, consists of approximately 82,500 square feet of warehouse space on 4.12 acres of land. The single-tenant asset features a clear height ranging between 12 and 18 feet, three dock-high doors, two drive-in doors, a full sprinkler system, and 1.6 acres of fenced-in industrial outdoor storage space. The property is situated between Illinois Routes 131 and 137, conveniently located north of the Great Lakes Naval Station with proximity to Interstate 94. The property is leased to QXO, the largest publicly traded distributor of roofing, waterproofing, and complementary building products in North America. In November 2025, QXO initiated a new 10-year lease on a triple-net basis at $3.56 per square foot with 3.0 percent annual escalations. The property is well-positioned within the large North Lake County submarket, containing 44.2 million square feet of industrial space. In 2025, the submarket experienced a significant rebound in industrial demand as 1.1 million square feet were absorbed on net. With only 44,000 square feet of new deliveries on net, the vacancy rate in North Lake County contracted sharply by 230 basis points to 5.7 percent, comfortably below the 7.7 percent national average. The reduction in availability helped to support local rent growth as the average market rate grew by 4.2 percent annually. There are no construction projects underway in North Lake County.
Location Intelligence
Current Use by Public Records
Warehouses
Similar Places Nearby
- Parkview Storage — 1504 14th St, Waukegan, IL 60085
- Self Storage Units Waukegan IL — 2221 Belvidere Rd, Waukegan, IL 60085
- CubeSmart Self Storage — 665 S Green Bay Rd, Waukegan, IL 60085
Location Insight
- Map
- Local Demand
- City
- Waukegan
- County
- Lake
- State
- Illinois
- Longitude
- -87.8503768
- Latitude
- 42.3388546
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - 82,500 SF warehouse with 1.6 acres fenced storage.
Where is this warehouse located?
The property is located at 1445 11th St Waukegan, IL.
What is the asking price?
The asking price for this property is $4,050,000.
What are key features of this property?
This property features: 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%).
