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901 Martin Luther King Jr Dr - Prime 9.87-acre industrial site | Zoned M3 2 Acres of Industrial Land in North Chicago, IL 60064
Investment Highlights
- High-traffic area with strong demographics
- Nearby amenities include shopping centers, restaurants, and residential neighborhoods
- Close proximity to major highways and public transportation
Executive Summary
In a market with tightening zoning restrictions and dwindling land for heavy-vehicle use, this site represents a high-barrier-to-entry asset with immediate proximity to the I-94 / I-294 / Rt-41 logistics spine.
Asset Specifications
Total Site Area: ±9.87 Acres
Zoning: M3 (Heavy Industrial) – Entitled for Truck Terminal, Fleet Parking, and Heavy Equipment Storage.
Surface: Heavy-duty paved/compacted gravel designed for high-tonnage axle loads.
Security Infrastructure: Institutional-grade perimeter fencing, automated electric gate entry, 24/7 cloud-based video surveillance, and high-lumen LED site lighting.
Configuration: Optimized for 53’ trailers with 12’ wide stalls, expansive drive aisles, and 75’+ deep-well parking options.
Strategic Location & Logistics Connectivity
Regional Reach: Positioned mid-way between the Chicago and Milwaukee metros, serving as a primary staging point for the Upper Midwest.
Intermodal Access: Minutes from I-94 and Route 41 (Skokie Hwy); immediate access to the Great Lakes Metra and proximity to Waukegan Regional Airport.
Institutional Neighborhood: Surrounded by major industrial players and directly adjacent to Naval Station Great Lakes, ensuring a stable, high-security environment.
Management & Scalability
Operating Model: Currently configured for multi-tenant or single-user occupancy.
Turnkey Operations: Professional on-site management, automated payment/access systems, and contract snow removal services in place.
Growth Potential: Significant upside in a high-demand, under-supplied asset class (IOS).
Property Facts
1 Lot Available
Lot
| Lot Size | 2.00 AC |
| Lot Size | 2.00 AC |
This prime 9.87-acre industrial site at 901 Martin Luther King Jr Dr, North Chicago, IL is an exceptional opportunity for Truck Parking or Industrial Outdoor Storage (IOS). Zoned M3 (Heavy Industrial).
Description
901MLK Truck Parking and Storage offers premier, secure industrial outdoor storage and commercial parking solutions in the heart of Lake County, IL. Located at 901 Martin Luther King Jr Dr, North Chicago, our facility is designed for fleets, owner-operators, and owner-occupants seeking safe, long-term or short-term parking. Prime Location & Access: Location: 901 Martin Luther King Jr Dr, North Chicago, IL 60064 Accessibility: Immediate access to Route 41 (Skokie Highway), I-94, and I-294 Convenience: Serving the greater Chicagoland area and Southeastern Wisconsin, minutes from Waukegan Property Features & Security: Surface: Paved and fenced lot Security: Well-lit, gated entry with 24/7 video surveillance and on-site management Access: 24/7/365 access to your vehicles Spaces: Dedicated 12-foot wide spots, with lengths available from 20' to 75' (suitable for bobtails, box trucks, flatbeds, and full-size semi-trucks) Amenities: Wide aisles for easy maneuvering and turnaround, snow removal, and flexible month-to-month contracts Ideal For: Semi-Truck Parking Trailer Storage Box Truck & Utility Truck Parking Commercial Vehicle Storage
Property Taxes
| Parcel Numbers | Improvements Assessment | $45,530 CAD | |
| Land Assessment | $530,930 CAD | Total Assessment | $576,460 CAD |
Property Taxes
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901 Martin Luther King Jr Dr - Prime 9.87-acre industrial site | Zoned M3
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