1901 Sheridan Road
Land | 1.5 acres
Marketing description
Given its industrial zoning, naval base proximity, and existing pavement, this parcel is well-suited for buyers in the following categories: Industrial Outdoor Storage (IOS) for truck parking, trailer staging, equipment storage, and container yards - IOS is one of the fastest-growing institutional real estate asset classes in the Chicago metro, with Lake County specifically cited as a high-demand corridor. The property is also ideal for base support and defense-adjacent uses such as parking, logistics staging, contractor storage, or service operations supporting Naval Station Great Lakes personnel and operations. Experienced brownfield developers and investors who conduct their own Phase I/Phase II assessments and price environmental risk into acquisition will find this an attractive opportunity, as will patient investors acquiring strategically located industrial land at a discount in anticipation of future development.
Investment highlights
- Directly across from Naval Station Great Lakes - the U.S. Navy's only boot camp and the largest military installation in Illinois, processing 38,000-40,000 recruits annually.
- Lake County, Illinois - one of the wealthiest counties in the state, with strong industrial and logistics infrastructure.
- Strategic position between Chicago (~40 miles south) and Milwaukee, with access to Route 41 / Sheridan Road corridor.
- Adjacent to the Waukegan/North Chicago industrial corridor with existing utilities and infrastructure.
- Proximity to major defense contractors, logistics operators, and military support services that actively seek locations near Naval Station Great Lakes.
- Former parking for an industrial chemical company. No structures on site.
- No Illinois EPA Orders
- Acquired via tax sale
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
