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Listing provided courtesy of Millennium Properties RE, Inc.MREDas Distributed by MLSGrid- MLS# 12545444MLS Provider

651 S Martin Luther King Jr AvenueWaukegan, IL 60085

Commercial · 86,000 Sq. ft.
$1,900,000 Active

651 S Martin Luther King Jr Avenue Overview

Time on Site:
169 days
Visits:
1

89,000 sq foot warehouse with ample parking and office space. This versatile building features high ceilings, large loading docks, and on-site parking for over 240 cars. Perfect for distribution, manufacturing, or storage, the property is equipped with multiple offices that have large windows, allowing for plenty of natural sunlight. The building is fully conditioned with heating and a sprinkler system.

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651 S Martin Luther King Jr Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 86,000
  • Price/Sq.ft. $22

Details

General

Income/Expenses

  • Existing Lease Type: N/A
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1956

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Park City / Waukegan

Rent/Lease Information

  • Tenant Pays: Varies by Tenant

Tax Information

  • Tax Annual Amount: $23,661.00
  • Tax Year: 2023

General Information

  • Parcel Number: 08284070300000
  • Property Sub Type: Warehouse
  • Property Type: Commercial Sale
  • Zoning: WRHSE

Interior

Building Interior

  • Building Area Total: 86000

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Power - 480V, Three Phase, Other, Four Phase
  • Leasable Area: 89581
  • Stories: 2

Unit Information

  • Unit SqFt.: 86000

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 3 ACRES
  • Lot Size Square Feet: 0

651 S Martin Luther King Jr Avenue Neighborhood

Community

60085 (WAUKEGAN) Demographics

32
Median Age
4,499
Population Density (per sq. mile)
23%
College Educated
$48,435
Estimated Median Income
10,174
Estimated Total Home Owners
13,807
Estimated Total Renters
42% / 58%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

651 S Martin Luther King Jr Avenue Monthly Cost

$
$ %
%
$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

651 S Martin Luther King Jr Avenue Market Data

Based on the last 30 days in this zip code

$270,816
Average List Price
$178
Average Price per Square Foot
22
Properties Sold
39
Average Days on Market
64
Properties for Sale
Calculations provided by Reliance Network

651 S Martin Luther King Jr Avenue History

Date Event Value Agent
1/17/2026Source: MRED Status Change
Active
1/12/2026Source: MRED Added to Database
January 12, 2026