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    Waukegan, IL

    Waukegan, IL Commercial Real Estate for Sale

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    North Chicago, IL Park City, IL Gurnee, IL
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    Mixed-Use Property in Waukegan, IL
    Updated: Sep 20, 2025
    Mixed-Use Property in Waukegan, IL

    726 10th Street, Waukegan, IL 60085

    $283,975
    1,740 sqft · 0.08 AC lot
    Mixed‑use property with retail storefront and residential apartments provides immediate income potential.
    High‑traffic corner lot location in a business district offers excellent visibility and customer access.
    Retail storefront is suitable for various businesses.
    Solid brick construction ensures durability and low maintenance.
    Includes a 2‑car attached garage and full basement for ample storage.
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    This listing looks promising.

    Here's a quick look at some key insights for

    726 10th Street, Waukegan, IL 60085

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $18K
      Annual

    • Price @ 7% Cap

      $257K
      Suggested

    • Last Sold

      Sep 1994
      $175K

    • Property Type

      Retail Stores
      Built 1950
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    Historic Masonic Temple Building
    Updated: Apr 4
    Historic Masonic Temple Building

    220 N Sheridan Road, Waukegan, IL 60085

    $2,000,000
    40,000 sqft · 0.24 AC lot
    Historic Waukegan Masonic Temple built in 1923 with concrete construction materials
    Approximately 40,000 SF historic landmark in the heart of Waukegan
    Grand Ballroom plus multiple expansive gathering spaces and reception areas
    Located on Sheridan Road with views of Lake Michigan
    Situated steps from the Genesee Theatre, shopping, restaurants, and transportation
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    Commercial Property in Waukegan, IL
    Commercial Property in Waukegan, IL

    1400 Sunset Avenue, Waukegan, IL 60087

    $1,100,000
    0.57 AC lot

    Commercial property for sale in Waukegan, Illinois.

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    Waukegan Brick Building with Parking
    Waukegan Brick Building with Parking

    2126 10th Street, Waukegan, IL 60085

    $469,000
    0.39 AC lot

    Well-maintained building with sanctuary, family center, and ample parking.

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    Waukegan Church with Ample Parking
    Waukegan Church with Ample Parking

    2126 10th Street, Waukegan, IL 60085

    $469,000
    0.39 AC lot

    Well-maintained church with family center and permitted uses.

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    Downtown Waukegan Office Building
    Downtown Waukegan Office Building

    5 S County Street, Waukegan, IL 60085

    $469,975
    0.04 AC lot

    Three-story office building in downtown Waukegan near Lake Michigan.

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    Waukegan Commercial Property for Sale
    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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    Waukegan Office Building For Sale
    Waukegan Office Building For Sale

    222 N County Street, Waukegan, IL 60085

    $750,000
    0.19 AC lot

    Well-maintained office building in prime location, ideal for investors.

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    Prime Corner Development Site Available
    Prime Corner Development Site Available

    Brookside Avenue, Waukegan, IL 60085

    $700,000
    1.52 AC lot

    High-visibility 1.52-acre corner lot ideal for various commercial uses.

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    Waukegan Land Development Opportunity
    Waukegan Land Development Opportunity

    1213 Grand Avenue, Waukegan, IL 60085

    $559,000
    1.49 AC lot

    Prime vacant land for commercial development in Waukegan, Illinois.

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    Church with Second-Floor Office
    Church with Second-Floor Office

    800 CHESTNUT Street, Waukegan, IL 60085

    $350,000
    0.23 AC lot

    Religious facility with 75-seat sanctuary, second-floor office, basement kitchen, and a large classroom outbuilding.

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    Historic Institutional Building
    Historic Institutional Building

    574 S Mcalister Avenue, Waukegan, IL 60085

    Contact for pricing
    0.55 AC lot

    Built in 1900, this institutional property offers substantial interior area and a sizeable lot for flexible redevelopment uses.

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    Commercial Building at Signalized Corner
    Commercial Building at Signalized Corner

    1200 N Green Bay Road, Waukegan, IL 60085

    $499,900
    0.31 AC lot

    Freestanding commercial building suited for retail or office use.

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    Waukegan Warehouse with Fenced Storage
    Waukegan Warehouse with Fenced Storage

    1445 11th St, Waukegan, IL 60085

    $4,050,000
    82,500 sqft · 4.12 AC lot

    82,500 SF warehouse with 1.6 acres fenced storage.

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    Waukegan Land Bundle For Sale
    Waukegan Land Bundle For Sale

    1504 W Glen Flora Avenue, Waukegan, IL 60085

    $499,999
    11.76 AC lot

    Three parcels of land totaling 11.76 acres in Waukegan, IL.

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    Established Restaurant with Slot Machines
    Established Restaurant with Slot Machines

    1401 Golf Rd, Waukegan, IL

    $799,000
    7,804 sqft · 0.88 AC lot

    Waukegan restaurant, real estate, and slot machines for sale.

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    Corner-Location School and Daycare Facility
    Corner-Location School and Daycare Facility

    742 West Greenwood Avenue, Waukegan, IL 60087

    $650,000

    Masonry school-daycare building with classrooms, offices, and auditorium-style assembly space plus zoned HVAC and multiple restrooms.

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    Turnkey Barber and Salon Space
    Turnkey Barber and Salon Space

    2052 Western Avenue, Waukegan, IL 60087

    Contact for pricing

    Move-in-ready salon layout with styling stations, shampoo area, reception, and restroom in a COMMR storefront setting.

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    Commercial Lot in Waukegan, IL
    Commercial Lot in Waukegan, IL

    603 N Austin Avenue, Waukegan, IL 60085

    $199,900

    Fenced commercial lot near major intersections, suitable for parking/development.

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    Waukegan Office Building For Sale
    Waukegan Office Building For Sale

    1400 Sunset Ave, Waukegan, IL 60087

    $1,100,000
    11,784 sqft · 0.57 AC lot

    Stabilized, fully occupied office property with long-term tenants and durable construction.

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    Commercial Double Lot with Street Frontage
    Commercial Double Lot with Street Frontage

    12350 W Blossom Avenue, Waukegan, IL 60087

    Contact for pricing
    0.74 AC lot

    Build-ready commercial land with 240 feet of frontage on Blossom Avenue and additional frontage on Frolic Avenue.

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    Waukegan Warehouse with Flexible Workspace
    Waukegan Warehouse with Flexible Workspace

    651 S Martin Luther King Dr, Waukegan, IL

    $1,999,000
    86,000 sqft · 2.06 AC lot

    86,000 SF warehouse suitable for distribution, manufacturing, or storage.

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    89,000 SF Warehouse with Offices
    89,000 SF Warehouse with Offices

    651 S Martin Luther King Jr Avenue, Waukegan, IL 60085

    $1,900,000
    89,000 sqft

    Versatile warehouse with ample parking and office space for sale.

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    Waukegan Office Property For Sale
    Waukegan Office Property For Sale

    208 N West Street, Waukegan, IL 60085

    $259,900

    Office property near Lake County courthouse and downtown Waukegan.

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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 51 active listings on our real estate platform. These investment opportunities span a total of 536,170 square feet of properties for sale, with an estimated market value of $25,282,875.

    Sale prices for business properties in Waukegan, IL start at $257,000, averaging $1,580,179, and reaching up to $4,050,000 — 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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    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
    60085 $691.2K
    60087 $842K

    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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    Most Searched ZIP Codes in Waukegan, IL

    • 60085
    • 60087

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