Project BalanceWarehouse market survey · July 2026

Project Balance · July 2026

Warehouse market
survey, Lake to Racine

Twenty-six buildings from South Lake County to Racine East, specified on the numbers a distribution decision actually turns on.

20 existing6 planned 5 submarkets, 2 statesIncumbent: 3781 Bur Wood Drive
9423 Koessl Court, Pleasant Prairie
612 Schelter Road, Lincolnshire
450 Trumpet Drive, Zion
Buildings26
Smallest available68,958
Largest available593,565
Clear heights24–40′
Lowest quoted rent$5.65
Highest quoted rent$10.95
26 buildings
E-3 Existing 1400 Rose Road, Lake Zurich

1400 Rose Road

Lake Zurich, IL · South Lake County
Available78,651
Clear height36'
Docks8
Class B Built 2023 $10.95 PSF Net
View building→
E-10 Existing 1900 U.S. 45, Libertyville

1900 U.S. 45

Libertyville, IL · South Lake County
Available128,809
Clear height32'
Docks24
Class A Built 2024 $7.95 / SF NNN
View building→
E-15 Existing 9801 80th Avenue, Pleasant Prairie

9801 80th Avenue

Pleasant Prairie, WI · Kenosha East
Available100,000
Clear height28'
Docks16
Class A Built 1994 $8.00 PSF Gross
View building→
E-18 Existing 13850 101st, Kenosha

13850 101st

Kenosha, WI · Kenosha East
Available136,944
Clear height36'
Docks22
Class A Built 2021 $5.75 / SF Net
View building→

Specification comparison

Twenty-six buildings, one table

Sort any column to trade envelope against loading against rent. Every figure is quoted exactly as it appears in the July 2026 survey.

RefBuildingCity ClassStatus Total SFAvailable SF ClearDocks Asking rentEst. all-in
E-1 612 Schelter Road Lincolnshire, IL A Existing 228,459 228,459 32' 22 $10.25 / SF NET $12.80
E-2 625 Schelter Road Lincolnshire, IL A Existing 201,682 201,682 32' 20 $10.25/SF NET $12.80
E-3 1400 Rose Road Lake Zurich, IL B Existing 78,651 78,651 36' 8 $10.95 PSF Net $14.20
E-4 325 Marriott Drive Lincolnshire, IL A Existing 186,455 110,000 36' 14 $9.75 PSF Net —
E-5 1011 Woodlands Parkway Vernon Hills, IL B Available 97,134 97,134 24' 6 $11.5 Million | TBD —
E-6 630 South Milwaukee Avenue Vernon Hills, IL A Existing 165,198 165,198 32' 16 $9.95/PSF Net $12.50
E-7 210 South Milwaukee Avenue Vernon Hills, IL C Existing 203,831 203,831 34' 22 $7.95/PSF Net $10.79
E-8 1850 N US Highway 45 Libertyville, IL A Existing 168,789 168,789 32' 24 $7.95 / SF NET $9.54
E-9 2451 North Delany Road Waukegan, IL A Existing 218,500 50,000 – 121,220 32' 28 $6.50 —
E-10 1900 U.S. 45 Libertyville, IL A Existing 164,958 128,809 32' 24 $7.95 / SF NNN $9.54
E-11 1947-1953 N Delaney Road Gurnee, IL C Existing 176,539 133,915 28' 29 $7.95 / SF Gross —
E-12 2001-2005 N Delany Road Gurnee, IL C Existing 175,594 119,597 28' 14 $7.95 / SF Gross —
E-13 3979 Bur Wood Drive Waukegan, IL A Existing 128,914 95,553 32' 22 $7.50 PSF NNN $11.20
E-14 2431 N Delany Road Waukegan, IL B Existing 218,617 218,617 30' 28 $7.50 PSF NNN $10.63
E-15 9801 80th Avenue Pleasant Prairie, WI A Existing 277,454 100,000 28' 16 $8.00 PSF Gross —
E-16 9423 Koessl Court Pleasant Prairie, WI A Existing 593,565 593,565 40' 35 $5.65 SF —
E-17 10236 136th Street Bristol, WI A Under construction 237,788 237,788 32' 20 $6.75 SF —
E-18 13850 101st Kenosha, WI A Existing 314,505 136,944 36' 22 $5.75 / SF Net $7.58
E-19 9414 136th Avenue Kenosha, WI A Existing 550,647 157,656 40' 79 $6.75 / SF Net $8.40
E-20 975 Carrington Blvd Mount Pleasant, WI A Existing 226,200 226,200 32' 26 $6.50 PSF NNN $8.61
P-1 100 S Milwaukee Avenue Vernon Hills, IL A Proposed 107,000 107,000 32' TBD STO —
P-2 2107 Belvidere Road Waukegan, IL B Proposed 364,000 364,000 — — STO —
P-3 450 Trumpet Drive Zion, IL A Proposed 115,435 115,435 36' 32 STO —
P-4 452 Trumpet Drive Zion, IL A Proposed 68,958 68,958 32' 18 STO —
P-5 10611 82nd Avenue Pleasant Prairie, WI A Proposed 195,000 195,000 32' 20 STO —
P-6 108th & Greenbay Rd Pleasant Prairie, WI A Proposed 150,000 150,000 32' 15 STO —

“Est. all-in” is the only calculated figure on this site: asking rent plus estimated CAM plus estimated taxes, shown only where the survey states a net or NNN basis and quotes both components. It is arithmetic on quoted numbers, not a JLL estimate, and it is deliberately blank for gross-quoted buildings, STO pricing and any building missing a component.

Employee commute

Two workforces, two centres of gravity

Drive-time bands measured from employee home postcodes. Office and warehouse populations are counted separately, and both centres of gravity fall in Gurnee.

Warehouse employees

Drive time to current location

Drive timeEmployeesPercentCumulative
0 - 15 Minutes1547%15
15 - 30 Minutes1444%29
30 - 45 Minutes26%31
45 - 60 Minutes13%32
60 + Minutes00%32
Average20 Minutes

Office employees

Drive time to current location

Drive timeEmployeesPercentCumulative
0 - 15 Minutes3321%33
15 - 30 Minutes6239%95
30 - 45 Minutes4025%135
45 - 60 Minutes1610%151
60 + Minutes64%157
Average28 Minutes

All employees

Drive time to 6400 Shafer Ct, Rosemont, IL

Drive timeEmployeesPercentCumulative
0 - 15 Minutes4825%48
15 - 30 Minutes7640%124
30 - 45 Minutes4222%166
45 - 60 Minutes179%183
60 + Minutes63%189
Average27 Minutes
Current location3781 Bur Wood Drive, Waukegan, IL
Office employees centre of gravityS Hunt Club Rd & Belvidere Rd, Gurnee, IL
Warehouse employees centre of gravityN Hunt Club Rd & Grand Ave, Gurnee, IL
Employee commute analysis map with drive-time bands
Office and warehouse employee locations with both centres of gravity. Select to enlarge.

Context

Chicago industrial submarket report, Q2 2026

Key indicators for the two submarket groups containing the surveyed buildings.

Lake County

Total inventory (SF)80,332,449
Total vacancy (%)4.79%
Total availability (%)7.27%
Total net absorption (SF)-16,277
YTD net absorption (SF)512,154
Average rental rate ($PSF)$8.08
12 month dollar change$0.48
Lake County submarket report page
Select to read the full Lake County page

Southeast Wisconsin

Total inventory (SF)85,625,281
Total vacancy (%)6.74%
Total availability (%)8.77%
Total net absorption (SF)1,554,651
YTD net absorption (SF)1,805,580
Average rental rate ($PSF)$5.57
12 month dollar change-$0.06
Southeast Wisconsin submarket report page
Select to read the full Southeast Wisconsin page