1020 Elizabeth Ave - Industrial FOR SALE


Waukegan, IL 60085
$4,500,000 USD
972-755-5223
1020 Elizabeth Ave, Waukegan, IL for Sale
$4,500,000 USD
Industrial - FOR SALE
1/5
null | Request Cap Rate

1020 Elizabeth Ave
Waukegan, IL 60085


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

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.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$511 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

LAKE COUNTY OUTSIDE STORAGEAND TRUCK PARKING

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3

LAND SF

130,680

ZONING

IR

APN/PARCEL ID

08-32-203-009

ASK ABOUT THIS PROPERTY

Adam AbushagurMarcus & MillichapMore Info
972-755-5223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Adam AbushagurMarcus & MillichapMore Info
972-755-5223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.