X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A 45,000-sf manufacturing/warehouse facility at 345 Lakewood Ave., one-half mile east of Highway 41 in Waukegan, a northern suburb of Chicago, has been sold. The property was built in 1986 and set on a 3.8-acre site for expansion possibilities.

The purchaser, Doetsch Bros. Co., an earthmoving contractor, has been in business since 1912. It will relocate its operations from Prospect Heights, a northwest suburb, this fall.

Asking price for the property, which has clearance up to 31 ft. and 6,500 sf of office space, was $2.1 million. The seller was a local private investor, and the local office of CB Richard Ellis arranged the same.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.