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    Waukegan, IL Warehouses for Sale

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    North Chicago, IL Park City, IL Gurnee, IL Beach Park, IL Zion, IL Lake Bluff, IL Wadsworth, IL Lake Forest, IL
    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 4.12 AC lot
    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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    This listing looks promising.

    Here's a quick look at some key insights for

    1445 11th St, Waukegan, IL 60085

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $355K
      Annual

    • Mortgage

      $2.29M
      Jul 2025

    • Last Sold

      Jul 2025
      $1.85M

    • Property Type

      Manufacturing (Light)
      Built 1953
    View Property Analytics
    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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    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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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 5 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 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.

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

    3535 Washington St, Gurnee, IL 60031

    $8,000,000
    42,245 sqft 15.18 AC lot

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

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    Renovated Industrial Buildings For Sale
    Renovated Industrial Buildings For Sale

    28041 N Bradley Rd, Lake Forest, IL

    Contact for pricing
    35,482 sqft 2.83 AC lot

    Two industrial buildings totaling 35,482 SF on 2.82 acres.

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    Gurnee Warehouse with Office Space
    Gurnee Warehouse with Office Space

    1675 N Delany Rd, Gurnee, IL

    Contact for pricing
    34,200 sqft 3.00 AC lot

    34,200 SF warehouse with office and outdoor storage.

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    Renovated Industrial Buildings with Income
    Renovated Industrial Buildings with Income

    28041 Bradley Rd, Lake Forest, IL 60045

    Contact for pricing
    35,482 sqft 2.82 AC lot

    Two industrial buildings on 2.82 acres with income potential.

    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 260-Foot Frontage
    Industrial Land with 260-Foot Frontage

    1033 S Wheeling Road, Wheeling, IL 60090

    $750,000
    0.98 AC lot

    Nearly one acre of INDUS-zoned industrial land on a 260x164 lot, with an on-site home needing rehab.

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    Land with Highway Access
    Land with Highway Access

    12211 & 12402 Hansen Road, Hebron, IL, Hebron, IL 60034

    $88,000

    Land with direct access to major routes.

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    Vacant Land in Gilberts
    Vacant Land in Gilberts

    Lot1 And Lot1a Koppie Road, Gilberts, IL 60136

    $982,488
    8.52 AC lot

    8.52 acres of land zoned I-1 and P.

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    Industrial Land in Gilberts
    Industrial Land in Gilberts

    Lot 1 Koppie Road, Gilberts, IL 60136

    $862,488
    3.74 AC lot

    3.74 acres of industrial land ready to build.

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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
    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
    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
    3045 Washington St
    WAREHOUSE, STORAGE

    3045 Washington St, Waukegan, IL 60085-4843

    $1,050,000
    Estimated value
    5,760 sqft 1.48 AC lot
    View details
    1750 Audrey Nixon Blvd
    MINI-WAREHOUSE, STORAGE

    1750 Audrey Nixon Blvd, Waukegan, IL 60085-7806

    Value Estimation by Request
    4,040 sqft 0.61 AC lot
    View details
    405 Oakwood Ave
    WAREHOUSE, STORAGE

    405 Oakwood Ave, Waukegan, IL 60085-3006

    $2,385,000
    Estimated value
    47,895 sqft 2.64 AC lot
    View details
    1585 Lakeside Dr
    WAREHOUSE, STORAGE

    1585 Lakeside Dr, Waukegan, IL 60085-8312

    $10,435,000
    Estimated value
    1,526 sqft 1.69 AC lot
    View details
    1585 Lakeside Dr
    WAREHOUSE, STORAGE

    1585 Lakeside Dr, Waukegan, IL 60085-8312

    Value Estimation by Request
    1,526 sqft 1.90 AC lot
    View details
    1429 Shields Dr
    WAREHOUSE, STORAGE

    1429 Shields Dr, Waukegan, IL 60085-8310

    $640,000
    Estimated value
    37,160 sqft 1.39 AC lot
    View details
    1161 Northpoint Blvd
    WAREHOUSE, STORAGE

    1161 Northpoint Blvd, Waukegan, IL 60085-8216

    $1,240,000
    Estimated value
    19,687 sqft 0.37 AC lot
    View details
    2230 Ernie Krueger Cir
    WAREHOUSE, STORAGE

    2230 Ernie Krueger Cir, Waukegan, IL 60087-3226

    $1,850,000
    Estimated value
    20,566 sqft 2.06 AC lot
    View details
    1535 Lakeside Dr
    WAREHOUSE, STORAGE

    1535 Lakeside Dr, Waukegan, IL 60085-8312

    Value Estimation by Request
    1,434 sqft 8.98 AC lot
    View details
    977 Northpoint Blvd
    WAREHOUSE, STORAGE

    977 Northpoint Blvd, Waukegan, IL 60085-8214

    $6,305,000
    Estimated value
    56,820 sqft 2.27 AC lot
    View details

    Waukegan, IL Warehouses Market Trends and Statistics

    Explore 72 warehouses for sale in Waukegan, IL, showcased through 5 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 warehouse 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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    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 100,000+ square foot range.

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    Most Searched ZIP Codes in Waukegan, IL

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