Warehouses for sale in Waukegan, Illinois, offer a unique investment opportunity for those looking to capitalize on the city's rich industrial history and strategic location. As the most populous city in Lake County, Waukegan has a diverse economy with a strong presence of industries such as ship and wagon building, flour milling, and dairying. Warehouses in Waukegan can represent a range of investments, from storage and distribution facilities to manufacturing and production spaces. With its proximity to Chicago and access to Lake Michigan, Waukegan provides an ideal location for businesses looking to transport goods and materials. The city's infrastructure, including the Waukegan Harbor, Waukegan National Airport, and Metra commuter rail service, makes it an attractive option for companies seeking to establish a strong logistics presence. Additionally, Waukegan's diverse neighborhoods, such as the historic downtown area and the lakefront district, offer a unique blend of character and accessibility. With attractions like the Genesee Theatre, Waukegan Municipal Beach, and the Waukegan History Museum, Waukegan is a great place to do business and visit.
With 5 warehouses for sale in Waukegan, investors have a range of options to choose from. In addition to warehouses, Waukegan also offers a variety of other property types, including industrial properties, land, residential income homes, and commercial real estate. Industrial properties in Waukegan are ideal for companies seeking to establish a manufacturing or production presence, while land offers opportunities for development and growth. Residential income homes provide a steady stream of revenue, and commercial real estate offers a range of possibilities, from office spaces to retail locations. Whatever the investment goal, Waukegan's diverse range of properties and strong economy make it an attractive option. With its rich history, cultural attractions, and strategic location, Waukegan is a city that has something to offer everyone.
What are the key features investors look for in warehouses in Waukegan?
When searching for warehouses in Waukegan, investors typically look for key features that ensure a profitable and efficient operation, including:
- Proximity to major transportation hubs, such as the Waukegan National Airport, Waukegan Harbor, and Metra commuter rail service, which provide easy access to Chicago and surrounding areas, with an average cap rate of 3.57%.
- Ample space, with an average size of 83,891 square feet and a maximum size of 218,617 square feet, to accommodate various business needs and operations.
- A competitive price per square foot, with an average price of $70 USD per square foot, making it an attractive option for investors, with 5 available listings to choose from.
What size warehouses are available to buy in Waukegan?
Warehouses for sale in Waukegan, Illinois, come in a range of sizes, with an average size of 83,891 square feet, and the largest available warehouse spanning 218,617 square feet, offering ample space for businesses to operate and grow.
How much does it cost to buy a warehouse in Waukegan?
When it comes to buying a warehouse in Waukegan, the cost can vary depending on several factors, including the size and location of the property, with the average price per square foot being $70 USD and the average size being 83,891 square feet, and with 5 available listings to choose from, you're likely to find a warehouse that fits your budget and meets your business needs.
