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    Waukegan, IL
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    Waukegan, IL Commercial Land for Sale

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    14 properties
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    Commercial Development Land
    Updated: Sep 17
    Commercial Development Land

    207 Pigeon Avenue, Waukegan, IL 60085

    $450,000
    1.52 AC lot
    1.52‑acre commercial land parcel
    2,520‑square‑foot outbuilding with a second floor
    Existing small home on the property
    Utilities to site
    Natural gas available
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    Land, Waukegan, IL
    Updated: Oct 8
    Land, Waukegan, IL

    1504 W Glen Flora Avenue, Waukegan, IL 60085

    $475,000
    11.76 AC lot
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    Signalized Corner Commercial Land
    Signalized Corner Commercial Land

    1730 W Beach Road, Waukegan, IL 60087

    $152,900
    1.41 AC lot

    Municipal water and sewer are located in the rights-of-way along both adjoining streets.

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    See hot listings in Waukegan

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Mixed-Use Property with Redevelopment Potential
    Mixed-Use Property with Redevelopment Potential

    535 S Sheridan Rd, Waukegan, IL 60085

    $529,900
    29,798 sqft

    Retail, office, and warehouse components occupy a mixed-use commercial property positioned within an Illinois Enterprise Zone.

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    Commercial Land with Street Frontage
    Commercial Land with Street Frontage

    1213 Grand Avenue, Waukegan, IL 60085

    $559,000

    Vacant commercial parcel with B-2 and B-3 zoning at a signalized intersection near retail, transit, and established neighborhoods.

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    Commercial Land Parcel with Visibility
    Commercial Land Parcel with Visibility

    1465 North Green Bay Road, Waukegan, IL 60085

    $685,000
    5.12 AC lot

    Flat, usable commercial land parcel with strong visibility along Green Bay Road in Waukegan.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Commercial Land on Belvidere Road
    Commercial Land on Belvidere Road

    3027 Belvidere Rd, Waukegan, IL 60085

    $300,000
    1.70 AC lot

    1.7-acre commercial land with high visibility on Belvidere Road.

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    B3 Commercial Corner Land
    B3 Commercial Corner Land

    207 Pigeon Avenue, Waukegan, IL 60085

    $450,000

    B3-zoned corner parcel with utilities at the site and an existing outbuilding for commercial redevelopment.

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    Waukegan Development Opportunity
    Waukegan Development Opportunity

    200 N Green Bay Rd, Waukegan, IL 60085

    Contact for pricing
    5.69 AC lot

    5.69-acre site for retail, multifamily, or mixed-use development.

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    Land Near Lake Michigan
    Land Near Lake Michigan

    312 Oak Street, Waukegan, IL 60085

    Contact for pricing
    0.16 AC lot

    Commercial land with partial lake view, close to downtown.

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    Commercial Land
    Commercial Land

    1146 Greenfield Ave, Waukegan, IL 60085

    $35,000

    A vacant, commercially zoned parcel with grassy open ground and mature trees along portions of the site.

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    Commercial Land Development Opportunity
    Commercial Land Development Opportunity

    35400 N Green Bay Road, Waukegan, IL 60085

    $499,000
    2.38 AC lot

    2.4 acres at a highly-trafficked, stoplight "hard corner".

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    Gurnee Industrial Land Opportunity
    Gurnee Industrial Land Opportunity

    Sunset Ave, Waukegan, IL

    Contact for pricing
    9.73 AC lot

    9.73 acre industrial land with utilities in place.

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    23.49 Acre Vacant Land
    23.49 Acre Vacant Land

    38101 N Sheridan Rd, Waukegan, IL 60087

    Contact for pricing
    23.49 AC lot

    Vacant land with frontage on Sheridan Road, many potential uses.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 14 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 58 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Commercial Land with Office Building
    Commercial Land with Office Building

    36911 N. Green Bay Rd., Beach Park, IL 60099

    Contact for pricing
    1,812 sqft

    Two parcels include an existing office structure and a three-car garage.

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    Commercial Land
    Commercial Land

    3298 7th Street, Park City, IL 60085

    Contact for pricing

    Commercial land positioned beside established retail, service, and civic destinations.

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    Commercial Land at Busy Intersection
    Commercial Land at Busy Intersection

    3298 7th Street, Park City, IL 60085

    Contact for pricing

    Development site positioned beside established retail, service, and civic uses.

    View details
    Beach Park Land For Sale
    Beach Park Land For Sale

    37789 N Sheridan Rd, Beach Park, IL 60087

    Contact for pricing
    13.30 AC lot

    13.3 acres of R2 zoned land in Beach Park.

    View details

    Off-Market Properties in Waukegan, IL

    Consider similar Off-Market properties in Waukegan, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Market St
    VACANT COMMERCIAL LAND

    Market St, Waukegan, IL 60085

    Estimated value:
    $280,000
    0.11 AC lot
    View details
    36580 Delany Rd
    VACANT COMMERCIAL LAND

    36580 Delany Rd, Waukegan, IL 60085

    Estimated value:
    $4,275,000
    4.37 AC lot
    View details
    Delany Rd
    VACANT COMMERCIAL LAND

    Delany Rd, Waukegan, IL 60085

    Estimated value:
    $4,230,000
    0.17 AC lot
    View details
    2200 Delany Rd
    VACANT COMMERCIAL LAND

    2200 Delany Rd, Waukegan, IL 60087-1930

    Estimated value:
    $4,275,000
    18.97 AC lot
    View details
    34936 Austin Ave
    VACANT COMMERCIAL LAND

    34936 Austin Ave, Waukegan, IL 60085

    Estimated value:
    $280,000
    0.39 AC lot
    View details
    34924 Austin Ave
    VACANT COMMERCIAL LAND

    34924 Austin Ave, Waukegan, IL 60085

    Estimated value:
    $275,000
    0.39 AC lot
    View details
    Market St
    VACANT COMMERCIAL LAND

    Market St, Waukegan, IL 60085

    Estimated value:
    $280,000
    View details
    2301 Belvidere Rd
    VACANT COMMERCIAL LAND

    2301 Belvidere Rd, Waukegan, IL 60085-6902

    Estimated value:
    $405,000
    4.91 AC lot
    View details
    2301 Belvidere Rd
    VACANT COMMERCIAL LAND

    2301 Belvidere Rd, Waukegan, IL 60085-6902

    Estimated value:
    $390,000
    3.53 AC lot
    View details
    Grand Ave
    VACANT COMMERCIAL LAND

    Grand Ave, Waukegan, IL 60085

    Estimated value:
    $335,000
    0.20 AC lot
    View details

    Waukegan, IL Commercial Land Market Trends and Statistics

    Explore 72 commercial land for sale in Waukegan, IL, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 2,772,336 square feet of properties for sale, with an estimated market value of $4,135,800.

    Sale prices for commercial lots in Waukegan, IL start at $35,000, averaging $413,580, and reaching up to $685,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 17
    Commercial land 15
    Industrial land 4

    Demographics Overview

    Population 100K
    Population Growth (5Y) +2.8%
    Median Household Income $68,390
    College Educated 16.7%

    High-Yield Neighborhoods for Investment

    Identify Waukegan submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60087 $152.9K
    60085 $447.3K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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