Industrial Properties in Waukegan, Illinois, offer a unique opportunity for investors seeking to capitalize on the city's rich industrial history and strategic location. As the most populous city in Lake County, Waukegan provides a diverse range of industrial properties that cater to various investment needs. These properties can represent a wide range of investments, from warehouses and manufacturing facilities to distribution centers and research and development spaces. Waukegan's proximity to Chicago, its transportation infrastructure, and its highly educated workforce make it an attractive location for businesses. The city's amenities, such as the Waukegan Harbor, Waukegan National Airport, and the Lake County McClory recreational trail, also contribute to its appeal. Additionally, Waukegan is home to several major corporations, including the United States Sugar Refinery, Washburn & Moen, and Thomas Brass and Iron Works, making it an ideal location for industrial investments. With its strong economy and business-friendly environment, Waukegan is an excellent choice for investors looking to capitalize on the city's growth.
Waukegan's industrial properties are situated in a city that offers a unique blend of industrial heritage and modern amenities. With 7 industrial properties available for sale, investors have a wide range of options to choose from. In addition to industrial properties, Waukegan also offers warehouses, with their own unique characteristics and advantages. Land is another option, providing investors with the opportunity to develop their own industrial projects. Apartment buildings and commercial real estate are also available, offering a diverse range of investment opportunities. With its strong economy, highly educated workforce, and business-friendly environment, Waukegan is an attractive location for investors seeking to capitalize on the city's growth. The city's amenities, such as the Genesee Theatre, Waukegan Municipal Beach, and the Waukegan History Museum, also make it an excellent choice for businesses and residents alike.
What is the average price per square foot for industrial properties in Waukegan?
The average price per square foot for industrial properties in Waukegan is $97 USD per square foot, with an average size of 55,671 square feet and a largest size of 178,500 square feet among the 7 available listings.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Waukegan, Illinois, with proximity to major transportation hubs, infrastructure, and amenities influencing property values and desirability.
- Properties near the Waukegan Harbor, Waukegan National Airport, and major highways like the Amstutz Expressway tend to have higher values due to their accessibility and convenience for shipping and logistics.
- The availability of Metra commuter rail service and Pace bus service also increases property values, as it provides easy access to a skilled workforce and connects businesses to Chicago and other regional markets.
- In addition, industrial properties located near amenities like the Waukegan Public Library, Bowen Park, and the Lake County Sports Center may also command higher values due to their appeal to employees and the overall quality of life they offer.
