Skip to main content

Warehouse

Lake County Outside Storage and Truck Parking

1020 Elizabeth Ave, Waukegan, IL 60085

Listing Price: $4,500,000

Cap Rate
1.00%
Gross SF
8,800
Price/Gross SF
$511.36
Lot Size
3.02 acres
Year Built
1960
Rentable SF
8,800

Investment Overview

For sale is an 8,800-square-foot industrial shop and office space situated on 3.02 acres of land. The building features two buildings with a 17-foot clear height, allowing for ample storage and working space. One 14-foot grade-level door facilitates easy access for large equipment and materials. The property also includes approximately 2.75 acres of fenced-in industrial outside storage space, ideal for storing equipment, vehicles, or materials. The proximity to Interstate 94 provides convenient access to major transportation routes. This location is beneficial for businesses that require easy shipping and receiving.

Available for owner use is a 6,700-square-foot warehouse space with ample industrial outdoor storage. The 1,800-square-foot office space is currently leased until October 2028, providing a steady income stream. An office trailer space is also leased every month, adding to the property's revenue potential. The combination of leased and vacant spaces creates a unique investment opportunity to lease up the property. The property's layout and features make it an attractive option for businesses seeking a versatile industrial space.

Investment Highlights

  • Partially Occupied 8,800-Square-Foot Industrial Property Situated on 3.02 Acres
  • Featuring Two Units, 17' Clear-Height, One 14' Grade-Level Door, ±2.75 Acres of Fenced-In IOS, and Proximity to I-94
  • Vacant 6,700-Square-Foot Warehouse Space with IOS for Owner Use or Lease-Up Investment Opportunity
  • 1,800-Square-Foot Office Space Leased Until October 2028 | Office Trailer Space Leased on Monthly Basis

Exclusively Listed By

Warehouse

Lake County Outside Storage and Truck Parking

Listing Price: $4,500,000

Cap Rate
1.00%
Gross SF
8,800
Price/Gross SF
$511.36
Lot Size
3.02 acres
Year Built
1960
Rentable SF
8,800

Investment Highlights

  • Partially Occupied 8,800-Square-Foot Industrial Property Situated on 3.02 Acres
  • Featuring Two Units, 17' Clear-Height, One 14' Grade-Level Door, ±2.75 Acres of Fenced-In IOS, and Proximity to I-94
  • Vacant 6,700-Square-Foot Warehouse Space with IOS for Owner Use or Lease-Up Investment Opportunity
  • 1,800-Square-Foot Office Space Leased Until October 2028 | Office Trailer Space Leased on Monthly Basis

Investment Overview

For sale is an 8,800-square-foot industrial shop and office space situated on 3.02 acres of land. The building features two buildings with a 17-foot clear height, allowing for ample storage and working space. One 14-foot grade-level door facilitates easy access for large equipment and materials. The property also includes approximately 2.75 acres of fenced-in industrial outside storage space, ideal for storing equipment, vehicles, or materials. The proximity to Interstate 94 provides convenient access to major transportation routes. This location is beneficial for businesses that require easy shipping and receiving. Available for owner use is a 6,700-square-foot warehouse space with ample industrial outdoor storage. The 1,800-square-foot office space is currently leased until October 2028, providing a steady income stream. An office trailer space is also leased every month, adding to the property's revenue potential. The combination of leased and vacant spaces creates a unique investment opportunity to lease up the property. The property's layout and features make it an attractive option for businesses seeking a versatile industrial space.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower