Buy, Sell, & Lease Industrial Space in Waukegan

Waukegan, IL, is a vibrant industrial hub along Lake Michigan in Lake County. Known for its rich industrial history and strategic location, Waukegan offers excellent opportunities for businesses looking to buy, sell, or lease industrial space. With access to major transportation routes, including I-94 and U.S. Route 41, as well as proximity to Chicago and Milwaukee, Waukegan is a prime location for companies involved in manufacturing, distribution, and logistics.

Waukegan is home to a diverse range of industrial properties, from large-scale manufacturing plants to smaller warehousing facilities. The city’s infrastructure, workforce availability, and access to rail and shipping routes via the Waukegan Harbor make it an ideal place for businesses seeking to expand their operations in the Midwest.

In addition to its strategic advantages, Waukegan offers a business-friendly environment with local government initiatives designed to attract and retain industrial businesses. Whether you’re looking to invest in industrial real estate, sell a property, or find flexible leasing options, Waukegan presents a wealth of opportunities for businesses of all sizes.

Meet Our Waukegan Industrial Space Experts

As Vice President of Sales and Leasing, Gordon Lamphere J.D. guides our industrial real estate brokerage team.

Gordon’s advice is regularly featured in local and national press, and industry leaders recognize him as an industrial real estate expert.

He hosts Chicagoland’s Top Commercial Real Estate Podcast (The Real Finds Podcast) and is globally recognized for his industrial transactional and commercial real estate marketing expertise.

• Listen To The Podcast
• Follow Gordon’s Socials

How We Serve Your Industrial Real Estate Needs

Our agents do more than just show you properties; they act as strategic advisors who can:

• Access off-market opportunities: Waukegan is a highly competitive market, so as a result, many of the best properties never make it to public listings. Our agents have access to a network of sellers, developers, and landlords that allow us to source exclusive, off-market deals. This is especially advantageous when you’re looking to buy industrial space or lease industrial space in a competitive market.
• Negotiate favorable terms: In a seller’s market like Waukegan, it’s easy for buyers or tenants to get squeezed. Therefore, our agents help clients by securing flexible terms, favorable pricing, and additional perks. This includes maximizing tenant improvement allowances, giving you an edge when you lease industrial space or buy industrial space.
• Handle zoning and regulatory challenges: Industrial transactions often involve complex zoning and permitting processes. Our agents are experienced in navigating local municipalities and can help expedite the process, saving you time and money whether you’re trying to buy industrial space or sell industrial space.
• Provide real-time market insights: Real estate markets shift quickly, especially in competitive regions like Chicagoland. Our agents continuously monitor market trends and local developments, ensuring that you are always making decisions based on the latest, most accurate information when you’re looking to lease industrial space, sell industrial space, or buy industrial space.

Buying Industrial Space in Waukegan

Why Invest in Waukegan’s Industrial Market?

Waukegan’s industrial market offers a unique blend of affordability and accessibility. With its proximity to major transportation corridors and shipping routes, businesses that invest in industrial properties in Waukegan can easily access key markets in Chicago, Milwaukee, and beyond. Waukegan’s industrial sector is supported by a robust infrastructure that includes rail service and access to Waukegan Harbor, making it a strong location for businesses in logistics, manufacturing, and distribution.

Investing in industrial space in Waukegan also offers long-term financial benefits. With the increasing demand for warehousing and manufacturing space due to the growth of e-commerce and supply chain optimization, industrial properties in Waukegan are positioned for appreciation. Additionally, businesses can take advantage of available land for development, allowing them to create custom facilities tailored to their specific operational needs.

Considerations When Buying Industrial Property in Waukegan

1. Location and Accessibility: Waukegan’s access to major highways, rail service, and Lake Michigan shipping routes make it ideal for businesses that require efficient logistics. Consider how well the property aligns with your distribution and transportation needs.
2. Zoning and Regulations: Ensure the property is zoned for industrial use and meets your operational requirements. Waukegan’s local regulations may impact the types of industrial activities allowed, so understanding zoning laws is critical.
3. Condition of the Property: Evaluate the building’s condition, including its utilities and structural integrity. Older industrial buildings may require upgrades to meet modern standards, so consider renovation costs when assessing the property.
4. Future Growth: Consider whether the property has the capacity to accommodate future growth. Securing industrial space with the potential for expansion can help businesses avoid relocation costs in the future.

Selling Industrial Space in Waukegan

Maximizing Your Property’s Value

With demand for industrial space on the rise, now is an excellent time to sell industrial property in Waukegan. Whether you own a large manufacturing facility or a smaller warehouse, selling industrial space in Waukegan requires a strategic approach to attract the right buyers and maximize your return on investment.

Our team of industrial real estate experts can help position your property to highlight its key selling points, such as location, access to transportation routes, and the condition of the facility. We work with an extensive network of potential buyers, including corporations, private investors, and developers, to ensure that your property gets the exposure it needs to sell quickly and at the best price.

Steps to Selling Industrial Property in Waukegan

1. Comprehensive Property Evaluation: Our team conducts a detailed analysis of your property’s market value based on location, size, condition, and comparable sales. Pricing a property correctly makes for faster and more profitable transactions.
2. Targeted Marketing Strategy: We develop a customized marketing plan that includes online listings, targeted advertising, and outreach to our network of buyers. Highlighting the property’s unique features and strategic location is essential to generating interest.
3. Negotiation and Closing: Once offers come in, we guide you through the negotiation process to secure favorable terms. We handle all aspects of the transaction, from contract review to coordinating the closing process.

Industrial Space Leasing in Waukegan

Leasing Options for Growing Businesses

Leasing industrial space in Waukegan provides flexibility for businesses that need to adapt to changing market conditions. Whether you’re a startup or an established company looking for additional space, Waukegan offers a variety of industrial leasing options, from small warehouses to large manufacturing facilities.

One of the key advantages of leasing industrial space in Waukegan is the ability to preserve capital for operational growth. Leasing allows businesses to access high-quality facilities without the upfront costs associated with purchasing real estate. Additionally, many industrial properties in Waukegan are equipped with modern amenities, such as loading docks, high ceilings, and advanced energy systems, making them ideal for businesses across a range of industries.

Waukegan Industrial Leasing Considerations

1. Lease Structure: Industrial leases can vary, with options such as gross leases, net leases, and triple-net (NNN) leases. Understanding the financial implications of each type is important when negotiating a lease agreement.
2. Lease Term: The length of the lease should align with your business’s needs. Longer-term leases offer stability, while shorter leases provide flexibility to adapt to future changes in your business.
3. Tenant Improvements: Landlords may offer tenant improvement allowances to help businesses customize the space to fit their needs. This could include upgrades to utility systems, office buildouts, or other enhancements to the facility.
4. Expansion Options: If your business is experiencing growth, it’s important to negotiate terms that allow for expansion within the property or nearby spaces.

Why Work with Our Team in Waukegan

Local Market Expertise

Navigating the industrial real estate market in Waukegan requires in-depth knowledge of the local landscape, including zoning regulations, market trends, and property values. Our team of industrial real estate professionals specializes in helping businesses buy, sell, and lease industrial space in Waukegan and the surrounding areas. We provide personalized service throughout the entire process, ensuring you have the information and support needed to make the right decisions for your business.

Access to Off-Market Opportunities

In competitive markets like Waukegan, many industrial properties are available off-market. Our team has access to exclusive off-market opportunities through our network of sellers, landlords, and developers. This gives our clients a distinct advantage in securing the best industrial spaces for their needs.

Data-Driven Insights and Real-Time Market Information

We continuously monitor market trends, local developments, and zoning changes to provide our clients with the most up-to-date information. Our data-driven approach ensures that you are making informed decisions when buying, selling, or leasing industrial space in Waukegan.

Amenities In Waukegan, Illinois

Waukegan offers a variety of attractions and activities for residents and visitors. Key points of interest include:

• Genesee Theatre: A historic theater offering a range of live performances, including concerts, plays, and comedy shows.
• Waukegan Harbor: A scenic harbor providing boating and fishing opportunities, along with beautiful views of Lake Michigan.
• Bowen Park: A large park featuring walking trails, sports facilities, and picnic areas, perfect for outdoor activities and family gatherings.
• Waukegan History Museum: A museum dedicated to preserving and sharing the rich history of Waukegan through exhibits and educational programs.
• Jack Benny Center for the Arts: A cultural center offering art classes, performances, and events for the community.

Contact Us Today

If you’re ready to explore industrial real estate opportunities in Waukegan, IL, our commercial real estate agents are ready to help. Contact us today to learn how our commercial property management team and commercial real estate agents in Waukegan can add value.