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Multi-Tenant Industrial Property
For Sale
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Pending

3145 Central Avenue, Waukegan, IL 60085

Heavy-industrial zoning, trailer storage capacity, and roadway connections support a flexible commercial configuration.

Property Size306,695 SF
Lot Size17.00 Acres
Days on Market143

Property Features for 3145 Central Avenue

General Information

Standard status Pending
Size 306,695 SF
Lot size 17.00 Acres
Property subtype Industrial
Zoning I2
Occupancy 80%

Site & Location

Highway Access Yes
Road Access Yes
Outdoor Storage Yes

Additional Details

Land Use industrial

Amenities

outside storage yard

Building Details

Building Size 306,695 SF
Tenancy Multi
Listing Agency: Zunarelli Capital Advisors
Listed By: Julian Zunarelli · License #IN RB20001427
Source: Crexi
Added: Apr 10 Changed: Aug 30 Last Checked: Aug 30 at 2:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Zunarelli Capital Advisors

Investment Insights

Based on property information with market context.

This multi-tenant industrial property comprises 306,695 square feet on approximately 17 acres in Waukegan, Illinois. The site includes an outside storage yard with capacity for 200+ trailers and is designated I2, or General Industrial District, zoning. The property is configured for multiple industrial occupants and was reported as 80% leased through 2021.

Access is provided from Green Bay Road, with convenient connections to Route 41 and I-94. The combination of substantial land area, industrial zoning, building area, and trailer storage creates a large-scale property profile for industrial users requiring both enclosed space and outdoor capacity.

Key Highlights

  • 306,695‑square‑foot multi‑tenant industrial property
  • Approximately 17 acres of land in Waukegan, Illinois
  • I2 General Industrial District zoning

Property Analytics

Current Use

SRS Building Products Big Box & Wholesale Store Minutes Emergency Handyman Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Building Supply HVAC Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

80%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

692
Businesses Nearby

Demographics for 60085, IL

71,609
Population
26,781
Households
2.7
Avg Household Size
33
Median Age
19%
College-Educated
74%
High-School Grad
14.8 sq mi
ZIP Area
4,838
Density / Sq Mi
$64,330
Median Household Income
$35,645
Median Earnings
$1,133
Median Rent
$164,800
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial property - Heavy-industrial zoning, trailer storage capacity, and roadway connections support a flexible commercial configuration.
Where is this industrial property located?
The property is located at 3145 Central Avenue Waukegan, IL.
What are key features of this property?
This property features: 306,695‑square‑foot multi‑tenant industrial property; Approximately 17 acres of land in Waukegan, Illinois; I2 General Industrial District zoning
More about this property
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