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Industrial Flex Building
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345 Lakewood Avenue, Waukegan, IL 60085

Industrial-zoned flex property with warehouse functionality, office capacity, loading infrastructure, and substantial power service.

Property Size50,010 SF
Lot Size4.80 Acres
Days on Market20

Property Features for 345 Lakewood Avenue

General Information

Standard status Active
Size 50,010 SF
Class C
Total Parking Spaces 33
Lot size 4.80 Acres
Property subtype Retail, Industrial
Zoning Industrial

Warehouse & Industrial

Clear Height 24 ft
Dock-High Doors 3
Drive-In Doors 2
Power 1,200 amps
Sprinkler System Yes

Building Details

Year Built 1986
Buildings 1
Building Size 50,010 SF
Listing Agency: Core Industrial Realty
Listed By: Martin Geary · License #475214128
Source: Crexi
Added: Aug 11 Changed: Aug 29 Last Checked: Aug 29 at 6:19PM

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 Core Industrial Realty

Investment Insights

Based on property information with market context.

This industrial flex property includes a 50,010-square-foot building on 4.8 acres, with approximately 6,000 square feet identified for office build-to-suit space. The facility offers 17- to 24-foot clear heights, three exterior docks, two drive-in doors, and approximately 33 parking spaces. Expansion capability for three to eight drive-in doors is also noted.

Built in 1986, the property is zoned Industrial and includes 1,200 amps of power and a wet-system sprinkler installation. Located at 345 Lakewood Avenue in Waukegan, Illinois, the asset is offered for sale with a combination of warehouse, office, loading, and site improvements.

Key Highlights

  • 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

Property Analytics

Current Use

TKG Environmental Services ... General Contractor Chicago Green Insulation Corporate Office

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store

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

24 ft
Clear height
3
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

818
Businesses Nearby
Under-served
Demand for This Use

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Similar Off Market Nearby

  • Thunderbear Corporation 3454 Washington St, Park City, IL 60085, United States

Frequently Asked Questions

What type of property is this?
Flex space - Industrial-zoned flex property with warehouse functionality, office capacity, loading infrastructure, and substantial power service.
Where is this flex space located?
The property is located at 345 Lakewood Avenue Waukegan, IL.
What are key features of this property?
This property features: 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
More about this property
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