Waukegan, IL Commercial Real Estate for Sale

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56 properties

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Updated: Aug 20

Breakfast & Diner with Gaming Parlor

1451 Golf Road, Waukegan, IL 60085

$549,000

0.65 AC lot

3,902‑square‑foot restaurant building
Business, real estate, and equipment included
Video gaming parlor operates into the late evening
Full basement for equipment and cooler storage
0.6457‑acre property at a stoplight intersection

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Updated: Sep 21

Church Facility with Family Center

2126 10th Street, Waukegan, IL 60085

$469,000

0.39 AC lot

Sanctuary with 18 pews and seating for over 100 attendees
0.391‑acre property with on‑site parking
Lower‑level family center with kitchen and Sunday school area
Built‑in baptismal tub and dedicated baptismal water tank
Central Air and 1980 construction

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Single-Story Office Building

1400 Sunset Avenue, Waukegan, IL 60087

$1,100,000

0.57 AC lot

Brick-and-concrete construction includes central air and an attached garage.

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10-Bay Automotive Service Property

3375 Grand Ave, Waukegan, IL 60085

$2,500,000

10,244 sqft 1.76 AC lot

Automotive sales and repair facility with multiple drive-in doors, extensive vehicle parking, and retail-oriented exposure.

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Brick Church Building with Sanctuary

2126 10th Street, Waukegan, IL 60085

$469,000

0.39 AC lot

Brick religious facility with a sanctuary, lower-level family center, kitchen, classrooms, restrooms, and parking.

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Historic Religious Facility With Ballroom

220 N Sheridan Road, Waukegan, IL 60085

$2,000,000

0.24 AC lot

1923 building with multiple assembly areas and varied wood, marble, and other flooring.

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Commercial Development Land

207 Pigeon Avenue, Waukegan, IL 60085

$450,000

1.52 AC lot

Commercial acreage with existing improvements and utility availability for retail, automotive, restaurant, or office redevelopment.

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Breakfast & Diner Property

1451 Golf Rd, Waukegan, IL 60085

$549,000

3,902 sqft

Operating restaurant property with equipment, real estate, and a video gaming parlor.

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Waukegan Commercial Property for Sale

403 Grand Avenue, Waukegan, IL 60085

$450,000

0.14 AC lot

Commercial property available in Waukegan, Illinois.

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Three-Story Office Building with Elevator

5 S County Street, Waukegan, IL 60085

$429,975

0.04 AC lot

Brick office property with six suites, finished basement space, central air, and dedicated restroom facilities on each level.

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Warehouse with Office and Outdoor Storage

1020 Elizabeth Ave, Waukegan, IL 60085

$4,500,000

8,800 sqft 3.02 AC lot

Industrial shop with 17-foot clear height, a 14-foot grade-level door, and fenced outdoor storage, plus leased office space.

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Church Building with Outbuilding

800 CHESTNUT Street, Waukegan, IL 60085

$350,000

0.23 AC lot

Religious facility with worship space, office areas, kitchen, basement, and a separate classroom building.

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Renovated Multi-Unit Office Building

222 N County Street, Waukegan, IL 60085

$750,000

0.19 AC lot

Brick construction, central air, and separate East and West office layouts support flexible occupancy.

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Three-Story Office Building with Elevator

5 S County St, Waukegan, IL 60085

$429,975

4,689 sqft

Brick office property with six suites, elevator access, and a finished basement.

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Freestanding Office Building with Signage

1200 N Green Bay Road, Waukegan, IL 60085

$499,900

0.31 AC lot

Multiple private rooms and a conference room support a flexible commercial layout.

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Brick Mixed-Use Property

574 S Mcalister Avenue, Waukegan, IL 60085

Contact for pricing

0.55 AC lot

A substantial brick institutional building offers adaptable space for redevelopment or owner-occupant conversion.

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Brick Mixed-Use Building

818 10th St, Waukegan, IL 60085

$449,900

4,538 sqft

Two upper-level apartments accompany a first-floor Mexican restaurant and additional commercial area.

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Operating Restaurant Building

1508 Washington Street, Waukegan, IL 60085

$349,000

0.11 AC lot

Leased restaurant property with block construction, central air, and a rubber roof.

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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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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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Medical Office Space with Central Air

1113 W Greenwood Ave, Waukegan, IL 60087

$429,000

6,720 sqft

The interior includes central air conditioning for year-round comfort.

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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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Brick Church Building with Sanctuary

2126 10th St, Waukegan, IL 60085

$469,000

3,248 sqft

Lower-level family center includes a kitchen, Sunday school area, and two restrooms.

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Two-Unit Office Building

319 N County Street, Waukegan, IL 60085

$349,900

0.18 AC lot

Brick commercial property with separate floor-by-floor suites, private decks, conference rooms, and full basement storage.

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Waukegan, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Waukegan, IL, showcased through 56 active listings on our real estate platform. These investment opportunities span a total of 583,353 square feet of properties for sale, with an estimated market value of $22,242,600.

Sale prices for business properties in Waukegan, IL start at $35,000, averaging $695,081, and reaching up to $4,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Waukegan, IL CRE market trends — vacancy, lease rates and price per SF, updated monthly

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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	$486.4K
60085	$670.2K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Waukegan fall within the 100,000+ square foot range.

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