Listed by Millennium Properties R/E
$1,999,000
651 S M.L.K. Jr Ave
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 86,000
Lot Size (SqFt) 130,680
Zoning B2
Parking Spaces 240 spaces
Parking per 1,000 SqFt 2.79
Ceiling Height 14’
Loading Docks 3
Dock High Doors 1
Industrial | 86,000 SqFt
Marketing description
Located near Route 137 in Waukegan, IL, this 86,000 square foot warehouse is available for sale. This property features flexible workspaces with multiple sunlit offices, 14’ high ceilings, 3 loading docks, 1 drive-in door. Perfect for distribution, manufacturing, or storage operations. Ample parking on-site to accomodate over 240 vehicles. Perfect opportunity for user or investor. Situated amongst a multitude of shops, restaurants and entertainment venues, this industrial offering is an excellent investment opportunity.
Located 35 miles north of Chicago, Waukegan is the largest city and County Seat of Lake County. Located within the Chicago MSA, the city has a strong retail presence with HH incomes over $80,000 in a one-mile radius.
Investment highlights
- 86,000 SF warehouse - Flexible workspace with open offices areas, conference/meeting rooms
- Building features: 14’ ceilings, 3 loading docks and 1 drive-in door
- Power: 1,600 AMPs, 480 Volts, 3 & 4 phase
- Perfect for distribution, manufacturing or storage
- Land area:130,680SF
- Parking spaces: 240 vehicles
- Zoning: B2
- Taxes (2023): $23,661.08
Listing Contacts
Listed by Millennium Properties R/E
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
