Waukegan, IL Commercial Land for Sale

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North Chicago, IL Park City, IL Gurnee, IL Chicago, IL Beach Park, IL Zion, IL Lake Bluff, IL Wadsworth, IL

20 properties

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Updated: Sep 30, 2025

Prime Corner Development Site Available

Brookside Avenue, Waukegan, IL 60085

$700,000

1.52 AC lot

1.52‑acre corner development site** with high visibility on N Green Bay Rd (Route 131) and Brookside Ave.
Over 394 feet of frontage on Green Bay Rd and 300 feet along Brookside.
Zoned B‑3 General Commercial, allowing a wide range of uses (auto dealership, QSR, retail, service, medical, or mixed commercial).
Located within Waukegan's established auto dealership corridor, near Kia, Toyota, Pep Boys, and Thorntons.
Fully served by utilities to the site, including Natural Gas Available.

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Updated: Oct 6, 2025

Waukegan Land Bundle For Sale

1504 W Glen Flora Avenue, Waukegan, IL 60085

$499,999

11.76 AC lot

Three parcels bundled together: 7.26‑acre and 4‑acre commercial vacant parcels plus a 1/2‑acre residential parcel with two existing structures
Residential parcel (0.5 acre) zoned residential; includes an older farm house and garage, sold as‑is and described as a complete gut rehab or teardown
Commercial vacant parcels: pin 08172000160000 (7.26 acres) and pin 08172000120000 (4 acres)
Not in a flood plane is reported for pin number 08172000180000 (1/2 acre)
Property is sided with aluminum siding; heating is forced air with natural gas and cooling is central air

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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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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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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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Fenced Commercial Land

603 N Austin Avenue, Waukegan, IL 60085

$199,900

Secured land currently used for vehicle storage, with potential uses subject to city discussion.

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Commercial Land With Dual Frontage

12350 W Blossom Avenue, Waukegan, IL 60087

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0.74 AC lot

Double-lot commercial parcel with frontage along two non-through streets and required well and septic improvements.

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Commercial Land on Belvidere Road

3027 Belvidere Road, Waukegan, IL 60085

$300,000

1.70 AC lot

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

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Commercial Land With Seller Financing

502 Belvidere Road, Waukegan, IL 60085

$49,900

0.17 AC lot

Commercial land on a busy street with water available, sold as-is, and offered with seller financing availability.

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Waukegan Land Bundle For Sale

1504 W Glen Flora Avenue, Waukegan, IL 60085

$499,999

11.76 AC lot

Three parcels of land in Waukegan, ideal for development.

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Waukegan Development Opportunity

200 N Green Bay Rd, Waukegan, IL 60085

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5.69 AC lot

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

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Land Near Lake Michigan

312 Oak Street, Waukegan, IL 60085

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0.16 AC lot

Commercial land with partial lake view, close to downtown.

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Commercial Development Land Assemblage

3027 Belvidere, Waukegan, IL 60085

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1.60 AC lot

Assemblage land offers about 1.6 acres with roughly 166 feet of frontage on Belvidere in B3 zoning.

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Corner Commercial Development Land

800 S Green Bay Road, Waukegan, IL 60085

$38,000

Zoned B-3 general commercial corner lot with roadway frontage on Green Bay Rd. and 8th St., utilities on site.

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Commercial Land Double Lot

12350 West Blossom Avenue, Waukegan, IL 60087

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Double lot with 240 feet of frontage on Blossom Avenue and 135 feet on Frolic Avenue.

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Prime Commercial Land Opportunity

502 Belvidere Road, Waukegan, IL 60085

$49,900

0.17 AC lot

Commercial land for sale in high-traffic area.

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Commercial Land with Dual Road Access

630 S Green Bay Rd, Waukegan, IL 60085

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Site offers access from two major roads and includes a building reported in decent condition.

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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

Sunset Ave, Waukegan, IL

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9.73 AC lot

9.73 acre industrial land with utilities in place.

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23.49 Acre Vacant Land

38101 N Sheridan Rd, Waukegan, IL 60087

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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 Potential Opportunities for your consideration. Besides 20 Active Listings in Waukegan, IL, we suggest to view alternatives - similar 52 Off-Market properties to explore as potential leads.

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.

VACANT COMMERCIAL LAND

Market St, Waukegan, IL 60085

$280,000

Estimated value

0.11 AC lot

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VACANT COMMERCIAL LAND

36580 Delany Rd, Waukegan, IL 60085

$4,275,000

Estimated value

4.37 AC lot

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VACANT COMMERCIAL LAND

Delany Rd, Waukegan, IL 60085

$4,230,000

Estimated value

0.17 AC lot

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VACANT COMMERCIAL LAND

2200 Delany Rd, Waukegan, IL 60087-1930

$4,275,000

Estimated value

18.97 AC lot

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Waukegan, IL Commercial Land Market Trends and Statistics

Explore 72 commercial land for sale in Waukegan, IL, showcased through 20 active listings on our real estate platform. These investment opportunities span a total of 3,371,544 square feet of properties for sale, with an estimated market value of $4,233,598.

Sale prices for commercial lots in Waukegan, IL start at $38,000, averaging $352,799, and reaching up to $700,000 — 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

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	$76.5K
60085	$291.1K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

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