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Waukegan, IL

Lake County Outside Storage and Truck Parking

Address:
1020 Elizabeth Avenue, Waukegan, IL 60085
Property Type:
Owner-User
Price:
$4,500,000
NOI:
$36,412
Square Feet:
8,800 sqft
Lot Size:
3.02 acres
Price Per Square Foot:
$511.36
Year Built:
1960
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* By downloading the Marketing Package (Offering Memorandum) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

Investment Highlights

Investment Highlights

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.

BROKER OF RECORD
Steven Weinstock
Illinois Broker of Record
One Mid America Plaza, Suite 200
Oakbrook Terrace, IL 60181
Tel: (630) 570-2200
Steven.Weinstock@MarcusMillichap.com
License: 471.011175
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2026 Marcus & Millichap. All rights reserved. (Activity ID: ZAH0370204)